The Indian rupee advances for a second day as traders cite inflows ahead of the mega share sale of Life Insurance Corp. of India, likely by mid-March. Bonds are lower with traders waiting to see if the government cancels the last auction of the fiscal year
Money Market
đź’µ Money Market đź’µ
Money market basically refers to a section of the financial Market where financial instruments with high liquidity and short-term Maturities are traded. Money market has become a component of the financial market for buying and selling of securities of short-term maturities, of one year.
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019.
- Yield on benchmark 10-year government bonds climbed 5bps to 6.94% Friday and is up 19bps this week.
- This is the biggest weekly jump since December 2019 and come after the government unveiled record borrowing plan for the next year.
Source: Bloomberg
Manyavar parent Vedant Fashions IPO opens; Should you subscribe?
Manyavar clothing brand’s parent Vedant Fashions IPO opens for subscription today, fora Rs 3,149-crore publicissue comprising entirely an offerfor sale of shares by promoters & existing shareholders.
Budget 2022: Income Tax Slabs And Other Personal Tax Expectations
Like every year, the Union Finance Minister has a tough task at hand to balance public expectations and deliver a budget that would put India back on a growth track, especially after the long disruption caused by the ongoing Covid-19 pandemic which has impacted the entire nation in more ways than one.
Budget 2022 Expectations For Key Sectors From Top Brokerages
Budget 2022 Expectations: From fiscal consolidation path to bond and asset sales, analysts say budget proposals will impact market volatility amid domestic and global uncertainties.
Indian Bond Traders To Weigh Rise In Crude Prices [24-01-2022]
Indian bond traders will weigh a continued rise in oil pricesand the central bank’s intervention in the debt market in recent weeks.
RBI Announces A Second Variable Rate Repo Auction
- Variable rate repo auction of Rs 75,000 crore scheduled for Monday.
- RBI had scheduled a Rs 50,000 crore variable rate repo auction for Friday.
- Alert: Repo auctions follow an increase in call money market rate to above 4%.
- Alert: Repo auctions despite surplus liquidity conditions, even though size of surplus has reduced.
Source: RBI
ICICI Lombard Logs Steepest Intraday Decline In 20 Months On Q3 Miss
hares of ICICI Lombard General Insurance Co Ltd. fell 7.37%, the steepest intraday decline in 20 months, to Rs 1,318.1 apiece, after the company’s net profit fell 29% sequentially and missed analyst estimates.
Paytm Shares Slump To Record Low, Stock Down 54% From Issue Price
Paytm Shares of One 97 Communications Ltd. fell nearly 5% in intraday trade to the lowest ever since the company’s listing on November 18.