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U.S. interest rate futures surged and a hard-running rally in short-term bonds extended, putting two-year Treasuries on course for their best three-day gain since Black Monday in 1987.Bank stress and the resultant shakeout of loan books mean higher borrowing costs, said Akira Takei, fixed income portfolio manager at Asset Management One in Tokyo, with the resulting pressure in the real economy making further hikes difficult

Zee Ent. shares fall 2.07% as Nifty drops

Updated at : 2023-03-13 14:35:03

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A total of 242,185 shares changed hands on the counter till time (IST).

Promoters held 75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.11 per cent, DIIs 2.89 per cent.

These stocks belong to various sectors such as energy, household appliances and consumer durables. Here is a list of 6 tech picks from various analysts.

The stock faced stiff resistance twice above Rs 900 levels in the past 2 weeks which suggests that there is strong selling pressure around these levels. Hence, any bounce back towards Rs 900 can be used as a selling opportunity, suggest experts.

What is in the treasure for the rupee in FY-2024?

Updated at : 2023-03-13 13:20:05

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In recent testimony, US Fed Chair Powell hinted at a hawkish stance and thus the market pushed the terminal rate to 5.50-5.75%. For the next FY, the more the job market remains on the tighter side and inflation remains sticky; the more the Fed will hike their rates to switch the real interest rate into positive territory.

"Over the weekend, the Fed rolled out emergency measures to make borrowing easier for embattled banks. The White House also assured Silicon Valley Bank depositors that it would cover all withdrawals. Comex Gold is heading towards $1900, which may act as a strong resistance for prices. Support is seen around the $1840 level,"

The brokerage firm Kotak Institutional Equities on the tenure of Kathpalia said, "the RBI has given shorter-than-requested tenors to other banks in the past, and we have not been able to identify any specific reasons to explain this decision from the regulator. A tenor lower than requested is always a point of debate with investors, and it would continue to be so with IIB in the next two years as well."

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A total of 2,629 shares changed hands on the counter till 12:20PM (IST)

The bank had $209 billion in assets and about $175.4 billion in deposits as of December 2022. The main office and all branches of it will reopen on March 13, and all insured depositors will have full access to their insured deposits no later than Monday morning, according to a statement from the FDIC.

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