Post-assassination attempt on Trump, investors lean towards safe haven assets like the dollar, yen, franc, gold, and Bitcoin. Expect high volatility in S&P 500 futures and US Treasuries. Trump's fiscal policies and increased tariffs may boost the dollar. PredictIt data and Biden's debate performance significantly influence market confidence.
Banks asked RBI to increase foreign OIS transaction limits post JP Morgan's index inclusion spiked demand. The ₹350 crore limit is near exhaustion at ₹11.3 crore by July 10, per Clearing Corporation. OIS transactions for hedging and rate bets settle in rupees, convert to US dollars. Foreign investors purchased $11 billion of Indian government bonds.
Donald Trump survived an attack by Thomas Crooks in Butler, Pennsylvania, resulting in one death and two injuries. Biden urged calm and a review. The suspect, a Bethel Park aide, had a suspicious device and acted alone. Trump continued to Milwaukee for his GOP nomination. Security was enhanced amid rising political rhetoric concerns.
Governance risks in red herring prospectuses include promoters in similar businesses, high related party transactions such as Cello World’s 53% FY23 revenue, regulatory investigations, and Emcure Pharma’s US antitrust cases. Allied Blenders reports statutory dues delays with interest payments, and missing corporate filings suggest documentation gaps. Investors should carefully review these aspects.
In June 2024, 4 million equity mutual fund folios were added, raising the total to 133 million, according to AMFI. Sectoral funds, contributing 37.84% of gross inflows and over 40% of new folios for a second month, spearheaded this growth.
In June, mutual fund managers invested in BFSI, auto, and IT sectors, including companies like HDFC Bank, Shriram Finance, and Maruti Suzuki. They also selected consumer discretionary stocks such as Asian Paints and Havells India. There were notable exits from top-performing public sector companies' shares. This information is reported by Rajesh Naidu & Prashant Mahesh.
Following an attempt on Trump’s life, Republicans blamed Democrats and Biden’s rhetoric. Reuters found right-wing extremists caused most fatal violence since 2021. Biden condemned violence, while Trump urged unity. The Proud Boys predict more violence. Assailant Thomas Matthew Crooks was killed by Secret Service. Megan McBride warned of a political violence cycle if partisanship continues.
Analysts expect Nifty to continue its upward trend towards 24,780 and 24,965. Strong performance predicted for stocks such as ITC, HUL, and Reliance. Opportunities seen in oil & gas sector and IT stocks like HCLTech. Investors advised to monitor support levels and consider profit-taking.
Happy Monday! Flipkart has upped the quick commerce ante ahead of crucial festive season sale. This and more in today’s ETtech Morning Dispatch.
U.S. bond futures declined, and the dollar strengthened post-Trump incident, increasing political risks favoring Republicans. Treasury futures and dollar movements indicate inflation worries. Powell's Federal Reserve rate cut expectations rise. Euro down, upcoming China and ECB data. S&P 500 futures steady, Nikkei shut. Retail sales, corporate earnings, and oil prices observed.
Domestic markets rose for the sixth consecutive week, driven by strong IT earnings. Key results from Infosys and Reliance are awaited. Pre-budget talks may cause volatility. GIFT Nifty rose 67 points. India VIX fell. Nifty support is near 24,170. FII net buyers Rs 4,021 crore. Rupee up at 83.52. HDFC Life, Jio Q1 results. S&P 500 mixed. Dollar firm.
Domestic markets reached record highs. HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank, HDFC AMC, and Angel One focus on results. Ashok Vaswani, Kotak’s new chief, stresses tech transformation. HCL Tech reports Rs 4,257 crore profit, Aurobindo Pharma plans share buyback, Blue Star's Rs 27,500 crore market growth projected. DMart profits Rs 774 crore. IREDA profits Rs 384 crore.
Asian stocks show mixed reactions to Trump's assassination attempt. US dollar rises, while S&P 500 contracts remain stable. Bitcoin reaches $60,000. Analysts discuss potential market implications and focus shifts to China's key rate decision.
Spain clinched the Euro 2024 title against England, highlighted by Mikel Oyarzabal's decisive goal. Key players Nico Williams and Lamine Yamal made significant contributions. Williams provided four assists, while Yamal, the youngest Euros goalscorer, was named Young Player of the Tournament for his semi-final goal against France. Luis de la Fuente led a thriving Spanish attack.
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
As seasoned investors know, markets rarely move in a straight line. Periods of exuberance are often followed by reality checks. The best investment decisions are often made when you’re swimming against the tide of popular sentiment. So, while the markets continue their upward trajectory, it might be wise to temper enthusiasm with a healthy dose of caution.
With the Sensex crossing 80,000, investors are worried about a correction. Find out how to contain risk at this level.
If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the seventh part of this series, ET Wealth explains the meaning of Insured Declared Value (IDV) in vehicle insurance.
The investing strategy has been successful in recent years, but it may be time to recalibrate.
Equity funds that beat their benchmark indices and category average returns regularly tend to score well on risk-adjusted metrics and hold durable stock portfolios.
Households will not, and should not, resort to stock trading as their tool to manage surplus funds. Many retail investors are still unable to deftly book losses and keep the focus on the capital and its protection. They are still product-oriented and care more about the rate of return. When capital loses value, they still find it tough to book a loss and redeploy.
It is not financially feasible to replace a health plan with corpus, but maintain it for out-of-pocket expenses.
Home loan eligibility depends primarily on the income and repayment track record of the borrowers or individuals opting for the loan.
An increasing number of individuals are opting for videography of their wills. It involves recording the testator reading and explaining his will on camera.
