Indian benchmark indices Sensex and Nifty initiated trading on a positive note, fueled by Infosys’ potential share buyback. Gains in banking and consumer discretionary stocks further bolstered the market. Optimism surrounding anticipated GST cuts and growing expectations of a U.S. rate cut this month also contributed to the upward momentum.Read More
Japanese government bonds experienced a rally on Tuesday as long-term yields, previously at historic highs, attracted buyers. Diminished expectations for central bank rate hikes further supported shorter-dated securities. Sanae Takaichi’s potential leadership, favoring stimulus, fueled concerns about BOJ rate hike reluctance, impacting market expectations and bond performance across different maturities.Read More
A recent Anarock survey reveals that over 90% of prospective Indian homebuyers are worried about soaring property prices, with many ‘very’ or ‘extremely’ concerned. This price surge, averaging over 50% in two years, has impacted buying decisions.Read More
Karbonsteel Engineering is set to launch its Initial Public Offering of Rs 59 crore. The IPO will open on Tuesday and close on September 11. The company aims to list on BSE SME platform on September 16. It plans to use the funds for facility expansion and debt repayment. The IPO includes a fresh issue and an offer for sale.Read More
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