American Market News for 29 Mar 2017
China's money markets have experienced tightened liquidity on higher money market rates, reminiscent of the central bank-engineered liquidity crunch of 2013.
True North will buy about 40% stake in KIMS held by existing investors and do a primary capital infusion to fund its growth plans across India and the Middle East
Kotak Mahindra Bank shares fall for the third consecutive session ahead of a likely big announcement of dilution of promoter Uday Kotak's stake in the bank
BSE Sensex trades higher by 64 points, or 0.22%, to 29,474, while the Nifty 50 rises 20 points, or 0.22%, to 9,120. Here are the latest updates
At 9.15am, rupee was trading at 64.99--up 0.07% from its Monday's close of 65.05
Overseas investors have poured Rs23,720 crore into government and corporate rupee bonds in March, the most since January 2015
The roll cost, or the price to replace March futures with April securities, was 40 basis points for the NSE Nifty 50 Index contracts on Tuesday
In other news, revised GST legislation may pinch working capital of industries
Analysts are hopeful that the draft National Electricity Plan should open avenues for power transmission companies and power discoms
The simpler reason for the optimism in the markets is that despite the recent US Fed rate hike, global monetary conditions have eased, not tightened
A foreign investor's rupee investment today will fetch him a higher interest rate later (on the premise that RBI is done with rate cuts), and as the rupee depreciates, it will fetch more dollars
Airtel has sold 10.3% stake in Bharti Infratel for Rs6,194 crore with shares valued at Rs325 apiece, or a 4% premium over Monday's close
A persistent reach for yield from overseas investors has led them to pump money into the U.S. corporate bond market.