NEW DELHI: Indian stock market is likely to open in green following global cues. The S&P 500 rallied on Wednesday to halt a five-session loss following a policy announcement by the US Federal Reserve that raised interest rates on market expectations as the central bank attempts to fight rising inflation without a recession. The Federal Reserve raised its target interest rate by three-quarters of a percent, its biggest rate hike since 1994, and forecast a slowing economy and rising unemployment in the coming months.
Equities Were Volatile After Announcement, Before Definitely Higher After The Chair Jerome Powell It was most likely to be either 50 basis points or 75 basis points at the next meeting in July, but did not expect an increase of 75 basis points.
European stocks broke streak after their six-day fall on Wednesday European Central Bank (ECB) announced measures to control the trajectory of the bond market, while some investors were disappointed to seek more decisive action.
stocks in the news
Bank Stock: Fitch Ratings On Wednesday, nine India-based banks including SBI, ICICI Bank and Axis Bank stabilized their outlook from negative to negative. Other lenders include Bank of Baroda, Bank of Baroda (New Zealand) Ltd., Bank of India, Canara Bank, Punjab National Bank and Union Bank of India.
Telecom Stock: The cabinet has approved the auction of 5G airwaves which will be part of the total 72097.85 MHz spectrum which will be put up for sale on July 26. Bidding has been done till July 8. Reliance Jio, Bharti Airtel, Vodafone Idea will vie for the prized 5G spectrum.
State Bank of India: The country’s largest lender has increased the minimum interest rates for home loans to 7.55 per cent with effect from Wednesday. The move comes after the Reserve Bank of India (RBI) last week increased the repo rate by 50 basis points to 4.90 per cent.
HDFC: HDFC It is in the final stages of selling four major distressed accounts, including Asset Care and Reconstruction Enterprise (ACRE), to Subhash Chandra-promoted Citi Networks.
Yes Bank: The private lender has set a recovery target of over Rs 5,000 crore during the current fiscal, the lender said in its annual report 2021-22.
UPL: The agrochemical major said it has acquired 100 per cent stake in Punjab-based Kudos Chemi through its wholly owned subsidiary in the bankruptcy resolution process. The National Company Law Tribunal Chandigarh Bench gave its approval to the resolution plan of UPL submitted under the Insolvency and Bankruptcy Code for the revival of Yash Chemi.
Indian Overseas Bank: The state-run lender said its board has approved raising equity capital of up to Rs 1,000 crore by issuing shares through various modes.
With input from agencies
Equities Were Volatile After Announcement, Before Definitely Higher After The Chair Jerome Powell It was most likely to be either 50 basis points or 75 basis points at the next meeting in July, but did not expect an increase of 75 basis points.
European stocks broke streak after their six-day fall on Wednesday European Central Bank (ECB) announced measures to control the trajectory of the bond market, while some investors were disappointed to seek more decisive action.
stocks in the news
Bank Stock: Fitch Ratings On Wednesday, nine India-based banks including SBI, ICICI Bank and Axis Bank stabilized their outlook from negative to negative. Other lenders include Bank of Baroda, Bank of Baroda (New Zealand) Ltd., Bank of India, Canara Bank, Punjab National Bank and Union Bank of India.
Telecom Stock: The cabinet has approved the auction of 5G airwaves which will be part of the total 72097.85 MHz spectrum which will be put up for sale on July 26. Bidding has been done till July 8. Reliance Jio, Bharti Airtel, Vodafone Idea will vie for the prized 5G spectrum.
State Bank of India: The country’s largest lender has increased the minimum interest rates for home loans to 7.55 per cent with effect from Wednesday. The move comes after the Reserve Bank of India (RBI) last week increased the repo rate by 50 basis points to 4.90 per cent.
HDFC: HDFC It is in the final stages of selling four major distressed accounts, including Asset Care and Reconstruction Enterprise (ACRE), to Subhash Chandra-promoted Citi Networks.
Yes Bank: The private lender has set a recovery target of over Rs 5,000 crore during the current fiscal, the lender said in its annual report 2021-22.
UPL: The agrochemical major said it has acquired 100 per cent stake in Punjab-based Kudos Chemi through its wholly owned subsidiary in the bankruptcy resolution process. The National Company Law Tribunal Chandigarh Bench gave its approval to the resolution plan of UPL submitted under the Insolvency and Bankruptcy Code for the revival of Yash Chemi.
Indian Overseas Bank: The state-run lender said its board has approved raising equity capital of up to Rs 1,000 crore by issuing shares through various modes.
With input from agencies