Profit by knowlytics
Banking stocks rallied up to 2% on Wednesday, lifting the Nifty Bank index as investors positioned themselves ahead of a crucial round of Q1 earnings from major private lenders this weekend. Brokerages remain constructive on the sector, citing improving fundamentals, resilient loan growth and stable asset quality, while cautioning that pressure on net interest margins…
Patanjali Foods shares plunged 20% to a fresh 52-week low, extending their decline to nearly 50% from last year’s peak. While the company said there were no material developments behind the sharp fall, technical analysts warned of further downside, with the next key support seen in the Rs 325–330 zone.
DBS Group aims to grow assets under management in its retail and wealth businesses from S$632 billion at the end of 2025 to more than S$1 trillion by 2030. The bank plans to capitalise on Asia’s rising wealth and Singapore’s growing role as a global financial hub.
Japanese government bond yields saw a steepening curve on Wednesday. Shorter-dated yields declined, mirroring U.S. Treasury movements after inflation data. Longer-dated yields, however, climbed due to fiscal and inflation concerns. This occurred after a strong auction of 20-year bonds influenced market sentiment. Investors are watching pension fund allocation changes for future market direction.
Bank of England Governor Andrew Bailey pushed back against broad calls for deregulation, arguing that effective financial rules are essential for maintaining stability and supporting long-term economic growth. He also renewed his call for greater international cooperation on regulating advanced AI models, warning that the technology’s cross-border risks require coordinated oversight.
The SBI Funds Management IPO is experiencing robust demand on its second day of bidding. Non-institutional investors have subscribed over two times their allocated portion. The Grey Market Premium suggests a potential listing price of around Rs 662 per share. This public issue will remain open for subscription until July 16. The company has fixed…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…