Gold Silver Reports (GSR) – TCS Rises On Reporting Strong Earnings In March Quarter — Shares of the country’s largest IT outsourcing firm rose as much as 4.25 percent to record high of Rs 3,326 after it beat consensus estimates in March quarter.
Nifty Futures Indicate Stock Losses; TCS In Focus After Strong Q4
Gold Silver Reports (GSR) – Nifty Futures Indicate Stock Losses; TCS In Focus After Strong Q4 — Central bank deputy governor Viral Acharya said he is likely to shift decisively to vote for a beginning of “withdrawal of accommodation” at the June meeting.
Bonds in India Set for Rout on Unexpectedly Hawkish RBI Minutes
Gold Silver Reports (GSR) – The 10-year bond yield may climb by as much as 10 basis points, according to Vijay Sharma, New Delhi-based executive vice president for fixed-income at PNB Gilts Ltd. One-year interest-rate swap rose three basis points Thursday to 6.51 percent, the highest since March 9.
Did Demonetisation Change India’s Cash Habits?
Gold Silver Reports (GSR) – Did Demonetisation Change India’s Cash Habits? — Currency in circulation stood at Rs 18.4 lakh crore as on April 6, 2018. In absolute terms, this is above the Rs 17.98 lakh crore in currency that existed before demonetisation.
Bitcoin Is Failing As Currency
Gold Silver Reports (GSR) – The only way to value the likes of Bitcoin correctly is to recognise that it’s a speculative investment and not a currency, said Damodaran who is known for his work on valuing companies and understanding stock investments. “If you put the currency in pocket and you forget about it for a year then at the end of the year if you put it out then it shouldn’t have lost half its value.”
U.S. Stocks Decline on Tech Woes, Treasuries Slide
Gold Silver Reports (GSR) – U.S. Stocks Decline on Tech Woes, Treasuries Slide – The S&P 500 Index dropped the most in nearly two weeks as tech shares slumped after Taiwan Semiconductor’s disappointing forecast roiled chip-maker stocks. China’s request for concessions from Qualcomm Inc. to acquire NXP Semiconductors NV ratcheted up tensions over trade. Earnings misses from Procter & Gamble Co. and Philip Morris International Inc. weighed on consumer staples.