Global bonds tumble into their first bear market in a generation

The Bloomberg Global Aggregate Total Return Index of government and investment-grade corporate bonds has fallen more than 20% below its 2021 peak, the biggest drawdown since its 1990 inception. Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a generation. The Bloomberg Global Aggregate Total Return Index of government and investment-grade corporate bonds has fallen more than 20% below its 2021…

"Global bonds tumble into their first bear market in a generation"

Daily Voice | India offers higher growth than other EMs, current valuations not alarming, says this CIO

Anil Sarin of Centrum PMS says India has always been an expensive market, but this is justified due to attractive historical stock returns and higher earnings growth. One has to look at mid-cap and small-cap space individually, instead of focusing on headline valuation, says Anil Sarin of Centrum PMS as many sectors and segments are in a growth phase and their valuations still appears favourable compared to their medium-term earnings growth potential. The Chief Investment Officer at…

"Daily Voice | India offers higher growth than other EMs, current valuations not alarming, says this CIO"

Ahead of the RBI policy announcement, India’s 10-year bond rate reaches 7.5 percent, the highest level since 2019

In early trade on Monday, India’s benchmark 10-year bond yield hit its highest level since March 2019 as investors braced for a 50-basis-point rate hike later this week while rising global crude oil prices weighed on the mood. The 10-year bond yield in India was trading at 7.4965 percent, up 4 basis points from the previous close. The yield climbed to 7.5004 percent, its highest level since March 22, 2019. The Reserve Bank of India…

"Ahead of the RBI policy announcement, India’s 10-year bond rate reaches 7.5 percent, the highest level since 2019"

Shares of Adani Wilmar and Ruchi Soya Industries fell 5%

In Wednesday’s session on the BSE, shares of Adani Wilmar (AWL) and Ruchi Soya Industries fell 5% as investors booked profits on these stocks, a day after the government freed imports of 2 million tonnes of soybean and sunflower oil from customs tax and Agri cess. The effective tariff on crude palm oil, crude soybean, and sunflower was 5.50 percent until Tuesday when it was reduced to nearly nothing for the two oils up to…

"Shares of Adani Wilmar and Ruchi Soya Industries fell 5%"

Oil gains 0.3% as a result of EU sanctions against Russia and a potential crude ban.

Oil prices rises on Thursday, extending gains from the previous session, as a European Union plan for more penalties against Russia, including a six-month oil embargo, countered concerns over Chinese demand. By 0209 GMT, Brent crude futures had risen 35 cents, or 0.3 percent, to $110.49 a barrel, while West Texas Intermediate crude futures had risen 25 cents, or 0.2 percent, to $108.06 a barrel. Both benchmarks rose more than $1 per barrel earlier in…

"Oil gains 0.3% as a result of EU sanctions against Russia and a potential crude ban."

Rupee closes the day unchanged versus the US dollar, despite foreign outflows and a drop in oil prices.

On Monday, the rupee lost some of its early gains against the dollar, settling practically level against the greenback as domestic equities offset the impact of a strong drop in global crude oil prices. Forex brokers noted that a rising US dollar overseas and ongoing foreign fund outflows weighed on the domestic currency. The rupee opened marginally higher against the dollar on the interbank foreign exchange market, at 76.48, then gained further ground to trade…

"Rupee closes the day unchanged versus the US dollar, despite foreign outflows and a drop in oil prices."

After Q4 earnings, Bajaj Auto shares fell over 2% to Rs 3,804.80 on the BSE.

Bajaj Auto’s stock fell over 2% in early Thursday trade after the business reported a 2% drop in consolidated net profit for the fourth quarter ended March 2022. On the BSE, Bajaj Auto shares fell 2.58 percent to Rs 3,804.80. The stock fell 2.57 percent to Rs 3,805 per share on the NSE. Bajaj Auto reported a 2% drop in consolidated net profit to Rs 1,526 crore for the fourth quarter ended March 2022, owing…

"After Q4 earnings, Bajaj Auto shares fell over 2% to Rs 3,804.80 on the BSE."

Equity funds get Rs 19,700 crore in Feb as markets volatility continues

equity mutual funds (MFs) clocked inflows in February when markets were volatile. Data from the Association of Mutual Funds in India (Amfi) shows that equity funds saw net inflows of Rs 19,705 crore, with most flows going to Flexicar and sectoral funds. The net inflows numbers indicate investors’ desire to continue despite a sharp fall in Indian equities. In February, S&P BSE Sensex Index lost around 3 percent, while S&P BSE Midcap Index and S&P BSE Smallcap…

"Equity funds get Rs 19,700 crore in Feb as markets volatility continues"

Sensex, Nifty surrender early gains as boiling oil plays spoilsport

Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflict between Russia and Ukraine sapped risk appetite. Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on Russia, which accounts for around 10 percent of global oil output. A weakening rupee and persistent foreign fund outflows also…

"Sensex, Nifty surrender early gains as boiling oil plays spoilsport"

Rupee slumps 49 paise to 75.82 against US dollar in early trade

The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 75.78 against the US dollar, then slipped further to 75.82, registering a decline of 49 paise from the last close.…

"Rupee slumps 49 paise to 75.82 against US dollar in early trade"