Indian government bond yields are expected to fall further. This follows U.S. inflation data that supports expectations of a Federal Reserve rate cut. The yield on the 10-year benchmark note is likely to be between 6.45% and 6.49%. India will auction sovereign bonds worth 280 billion rupees. The Reserve Bank of India will also conduct a reverse repo auction.Read More
Sebi’s board meeting is set to bring significant reforms to Indian markets, focusing on IPO regulations, foreign investment, and institutional participation. Relaxations in IPO norms for large firms, a simplified entry framework for low-risk FPIs, and potential quotas for domestic insurers in anchor books are key proposals.Read More
The Australian dollar reached a ten-month high against the US dollar. This happened because of weak economic data from the United States. Experts predict further gains for the Aussie. The Aussie also rose against the Japanese Yen, Euro, and Canadian dollar. Meanwhile, the New Zealand dollar struggled due to weak economic data.Read More
China Evergrande Group’s liquidators have received initial offers for its stake in Evergrande Property Services. Final bids are expected by November. Several parties have signed confidentiality agreements. Subsidiaries of state-owned China Overseas Holdings and China Resources Holdings are reportedly interested. Evergrande Services’ shares surged following the news.Read More
When a stock closes above its VWAP, it indicates that the closing price is higher than the average price at which it traded throughout the day, weighted by trading volume.Read More
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