Victory Bull

Category: Financial Market

  • Interest rates on retail and bulk term deposits have been raised by the SBI

    State Bank of India (SBI), the country’s largest lender, has increased interest rates on retail term deposits by 15 to 20 basis points on several tenors, effective June 14. It has also increased interest rates on bulk term deposits by 50 – 75 basis points (bps) on certain tenors at the same time. The interest […]

    June 14, 2022

  • 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 […]

    June 6, 2022

  • Bank of Baroda expects ECB inflows to reduce as interest rates rise and the currency depreciates

    According to Bank of Baroda, corporate India’s offshore fundraising through external commercial borrowings (ECBs) may reduce in the coming months as monetary policy tightens and the rupee continues to depreciate. ECBs have become a significant source of funding for businesses, including public sector entities. In reality, as of the end of December 2021, ECBs amounted […]

    May 24, 2022

  • Metal stocks rise on renewed demand expectations; Hindalco and Vedanta both gain 7%

    Metal stocks were in focus on Tuesday, as the Nifty Metal index rose 4% on the National Stock Exchange (NSE) amid hopes of a resurgence in Chinese demand and bargain buying. Individual stocks like as Vedanta and Hindalco Industries both rose 7% to Rs 307.70 and Rs 419.70, respectively. Apart from that, Hindustan Copper, National […]

    May 17, 2022

  • Indices fall for the fourth day in a row as global equities markets tumble and FPIs retreat

    The benchmark Sensex and Nifty indices dropped for the fourth day in a row on Wednesday, extending their month-to-date decline to over 5 per cent amid a global equity rout and sustained pull-back by foreign portfolio investors (FPIs). The US Federal Reserve’s (Fed’s) decision to aggressively hike interest rates and reduce balance sheets to catch […]

    May 12, 2022

  • Investors are panicking as Bitcoin falls below the $30,000 level

    On Tuesday, the global cryptocurrency market reached its lowest point in history, with Bitcoin falling below $30,000 a coin, sending millions of investors into a panic. The whole global cryptocurrency market fell 13%, hovering around $1.37 trillion in market capitalization, its lowest level this year. Bitcoin had dropped more than 55% from its all-time high […]

    May 10, 2022

  • Reliance Industries loses 3% after the March quarter results; it has dropped 9% in the last six days

    Reliance Industries (RIL) shares fell up to 3% to Rs 2,542.1 on the BSE in intraday trade on Monday after the Mukesh Ambani-led oil-to-chemicals (O2C) firm reported a consolidated net profit of Rs 16,203 crore for the quarter ended March 31, 2022 (Q4 FY22), up 22.5 percent from the year-ago period’s Rs 13,227 crore, but falling short […]

    May 9, 2022

  • Elon Musk has secured almost $7 billion in new cash for his purchase of Twitter

    Elon Musk has obtained approximately $7.1 billion in new finance pledges for his proposed $44 billion takeover of Twitter, gaining the support of some of the world’s most powerful investors. He was also anticipated to act as Twitter’s interim CEO for a few months once the acquisition was completed The equity commitments come as the […]

    May 6, 2022

  • Uber reports a $5.9 billion net loss as Asian investment values tumble

    Uber reported a net loss of $5.9 billion owing to unrealized losses from holdings in Didi Global, Grab Holdings, and Aurora Innovation, but provided a good earnings projection for the current period. It indicated that the firm intends to capitalize on strong ride demand without jeopardizing earnings by focusing on product upgrades rather than incentives […]

    May 6, 2022

  • In early trade, the rupee climbs 29 paise to 76.11 against the US dollar

    The rupee rose 29 paise to 76.11 against the US dollar in early trade on Thursday, as the US currency fell in the international market. The rupee began at 76.17 against the US dollar on the interbank foreign exchange, then gained ground to quote at 76.11, a 29-paise increase from the previous day. The rupee […]

    May 5, 2022

2022 @ Victory Bull