Gold Silver Reports – RBI Monetary Policy Today: Four Things to Watch out For – The Reserve Bank of India’s (RBI) monetary policy committee (MPC) is scheduled to announce its policy decision at 2:30pm on Wednesday. Given the rising risk of inflation overshooting the central bank’s target, the market is expecting status quo on policy rates.
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Stocks Bounce, Treasuries Rise on Korea Tensions
That Glitter in India May Not Be Gold
Gold Silver Reports — That Glitter in India May Not Be Gold | The Indian stock market seems unstoppable. Its major indices have risen over 20 percent this year, making it one of Asia’s best performers. Indian investors have piled into more than $7.2 billion worth of stock in 2017 and foreigners have bought almost $7 billion.
Stocks Fall as Korea Tensions Flare
Gold Silver Reports — Stocks Fall as Korea Tensions Flare — Stocks fell and gold and the yen climbed as geopolitical tensions flared up again, with U.S. President Donald Trump weighing new economic sanctions that could target China after a nuclear test Sunday by North Korea. The dollar dropped for a third day.
SEBI Questions Fundraising on LinkedIn
Gold Silver Reports — The Securities and Exchange Board of India (Sebi) has written to LinkedIn Corp. asking if its social networking service provides a platform for people or start-ups to raise money publicly in violation of the Companies Act, according to two people aware of the development. LinkedIn has said it is not involved in any activities related to securities markets.
Nifty cracks below 9,800, Sensex falls 200 points on global sell-offs
Gold Silver Reports — The BSE Sensex slumped and the NSE Nifty slipped below the 9,800 mark in early trade on Friday following global sell-off triggered by mounting geo-political tensions between the US and North Korea. Besides, caution ahead of Index of Industrial Production (IIP) data for June due later in the day, too, weighed on the sentiments.
Bank Stocks Heading for Correction: Expert
Gold Silver Reports — Shares of India’s banks may be set for a pullback, according to Vikas Gattani, chief investment officer at Singapore-based fund manager Progress Asia Capital and Advisors Pte.
“In the absence of any sharp uptick in banking credit and a major redressal in the banks’ balance sheets via capital injection or otherwise, we fear that this sector could severely correct if the earnings do not keep pace with expectations,“.