The FinTech Hub
Source: Live Mint Domestic brokerage house Centrum Broking has initiated coverage on the wealth management industry with two reduced calls on – 360 One WAM and Nuvama Wealth. The brokerage has a target price of ₹1,050 for 360 One, implying a downside of around 3 per cent, whereas for Nuvama, it has a target of…
Source: Live Mint Shares of Indus Towers dropped by 13 per cent on Thursday, hitting a low of ₹366.30 on the BSE, following the Supreme Court’s ruling in the Adjusted Gross Revenue (AGR) case, which denied telecom companies’ request for a re-computation. The Supreme Court upheld its previous decision on the AGR issue, insisting that…
Source: Live Mint US stocks jumped on Thursday after the Federal Reserve kicked off its easing cycle with half-a-percentage point cut in interest rates. On Wednesday, the Federal Reserve slashed its interest rates by 50 basis points (bps), first time in more than four years. Chair Jerome Powell said that as the inflation has come…
Source: Live Mint The Securities and Exchange Board of India (Sebi) on Thursday restrained Axis Capital Ltd (ACL) from taking up new assignments as a debt merchant banker till further orders. The Sebi’s interim order came amid allegations of ACL extending itself beyond the permissible activities as a merchant banker while dealing with the issue…
Source: Live Mint Semiconductor stocks such as Nvidia rose 4.7%, while Advanced Micro Devices gained 3.5% and Broadcom added 3.8%, sending the Philadelphia SE Semiconductor Index up 3.6%. Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction…
Source: Live Mint Indian stocks could attract higher foreign investor inflows this year, with the US Federal Reserve cutting its policy rate by an outsized 50 basis points, the first cut in four years and signaling another 50 bps cut over the rest of the year, as per analysts. They rule out a runaway rally,…
Source: Live Mint As geopolitical tensions escalate and stock market valuations reach lofty heights, global markets face an unsettling combination of risks. But India, buoyed by its robust growth engines, appears better positioned to weather the storm, according to Christopher Wood, global head of equity strategy at investment bank Jefferies. Speaking to a select group…
Source: Live Mint Stocks to buy for the long term: The Indian stock market has seen impressive gains this year despite headwinds such as elevated rates, geopolitical tensions, and concerns over a global economic slowdown. As of September 19, the Sensex has gained 15 per cent this year, while the Nifty 50 has gained 17…
Source: Live Mint Stock Check: The brokerage house, Axis Securities, has given a ‘hold’ rating to PI Industries after conducting a thorough analysis. According to the brokerage, the target price for the stock is ₹4,980, indicating a 7% upside from the current market price of ₹4,668.50 (Thursday’s close). The brokerage claims that PI Industries is…
Source: Live Mint The Indian market’s response to the US Federal Reserve’s significant rate cut on Wednesday was relatively subdued compared to its global and Asian counterparts. Instead of celebrating the move, Indian investors opted to book profits during Thursday’s trade, resulting in only modest gains for the front-line indices. The trading day started on…
