INSUBCONTINENT EXCLUSIVE:
hello there good morning
This is Prachi Sharma, your market jockey, with the morning briefing to get you up and running for a busy day on
The bogey on carry trade unwinding continues to haunt equity and currency markets and US bonds are simply not relenting.
Back home, the
Karnataka saga is turning out to be a thriller of epic proportions, straight out of Bollywood
The latest twist was the Supreme Court’s refusal to stay swearing-in ceremony of the new chief minister
It's advantage BJP, for now.
As the political drama unfolds with nail-biting episodes, the market is really getting nervous -- very, very
That's the trade setup this morning.
Nifty futures in Singapore were barely changed early this morning
That should add to the worry of Dalal Street.
Asian markets traded mixed, shrugging off a stronger close on Wall Street
US bond yield topped out at 3 per cent
And that's scary for investors
US stocks ended higher in overnight trade, riding on retail stocks and solid results from department store company Macy's
Meanwhile there is no letup in geopolitical tensions
But thankfully, oil prices seem to be getting steady
The dollar index, which tracks the currency movement against a basket of rivals, was
Just look at the rupee which is going nowhere
Thanks to RBI's rescue act, it rebounded and ended the day with a half a per cent gain.
In Q4 earnings, Voltas, ICRA, Central Bank, Bajaj
Finance and Bajaj Finserv are among a few names to report their numbers today
The government is acting tough with PSU banks
It's looking to impose strict deadlines on banks for their turnaround plan
In a new twist to the ongoing Fortis Healthcare saga, the group’s former co-promoter Shivinder Singh, in a letter to the board, has
raised objections to the way the bidding process has been run.
SoftBank is said to be exploring a possible investment in restaurant
discovery and food delivery firm Zomato
The talks are at a very preliminary stage.
The Supreme Court on Wednesday stayed the liquidation process of Jaypee Infratech subject to
Jaiprakash Associate (JAL), its parent, depositing Rs 1,000 crore with the court’s registry by June 15.
That’s it for today
Thank you for listening in
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