Latest Stock Market News

Dealers said that the markets would be watching for minutes of the Federal Reserve Open Markets Committee Meeting on which will be released on Wednesday. The US government will also release data on consumer prices on Wednesday.

The counter is witnessing a breakout from a long consolidation and a triangle pattern formation on the daily timeframe. The overall structure is remunerative as it trades above its all-important moving averages.

Further, a couple of board meetings including that of Easy Trip, Eighty Jeweller, Gita Renewable, Medico Intercontinental, Khyati Multimedia, Mirch Tech, Regency Fincorp, Vegetable Products, Garnet International will be held today.

Lenders that have sold loans to ARCs against SRs fear that the rating companies that will take on the Brickwork business may lower ratings on some SRs. This, in effect, would require lenders to make higher provisions. Sebi said Brickwork neither followed procedure nor did it exercise due diligence. Brickwork Ratings is considering legal recourse against Sebi’s directive.

The input duty remission scheme for exporters was implemented from January 1, 2021 but had excluded these sectors. “A proposal to include these sectors under RoDTEP is under discussions,” a government official, privy to the deliberations, told ET.

The loans, likely for five years, are expected to be priced 130-150 basis points above the Secured Overnight Financing Rate (SOFR), a global rate gauge that replaced the London Interbank Offered Rate (Libor). Bank of America, Citigroup, Credit Agricole, DBS Bank and Mizuho Bank are among others that are in discussions with RIL.

Climbing oil prices and geopolitical tension also provided plenty of reasons for nervousness about growth, weighing on energy-importer currencies in Europe and even on exporters such as the growth-sensitive Australian dollar.

Oil futures prices are managing to gain upside traction even though widespread inflation across the U.S. and Europe is threatening the potential for a global recession where demand will likely take a sizeable hit," analysts at energy consulting firm Gelber & Associates said.

To recoup more than Rs 746 crore, the State Bank of India (SBI) has lined up a number of non-performing assets for sale this month and the following month, including the fraud account of Sintex BAPL.

To recoup more than Rs 746 crore, the State Bank of India (SBI) has lined up a number of non-performing assets for sale this month and the following month, including the fraud account of Sintex BAPL.