India's 10-year sovereigns fell to a 31-month low on Tuesday, down 1 per cent since April and half a per cent in four weeks. That's saying something: these bonds are now super-hot with yield-hungry FIIs, we are headed for a significantly lower interest rate regime soon, and the slowdown in the economy is real and becoming acute. The silver lining is, this trend may help companies borrow cheap, boost investment and revive growth.
STREET PULSE: Where we stand  | Nifty futures on Singapore Exchange traded 22 points down at 7 am (IST), signalling a tepid start for Dalal Street. Asian shares drifted lower after a lacklustre performance on Wall Street. Early action was muted with MSCI's broadest index of Asia-Pacific shares outside Read More |
| Crude oil steadied after falling more than 3 per cent overnight, after US inventory data fell short of expectations amid signals about Iran's readiness to talk to the US on its missile programme. Brent futures gained 16 cents to $64.51 a barrel, while WTI crude rose 1 cent to $57.63. Read More |
| LOOK WHO'S |  |
Feel-good factor... The IPO mart is all set to get busier. About half-a-dozen companies are readying hit the market in next one month or so to raise about Rs 10,000 crore, ending a year-long dry spell. Companies like Sterling and Wilson Solar, ASK Investment Managers, Spandana Spoorthy Financial and Mazagon Dock Shipbuilders are already conducting road shows for August IPO launches.
Read More Chasing Returns... A good 41 lakh Indian investors opened demat accounts with depositories in the one year till June 30 even when markets remained largely shaky. This was the highest number of demat accounts added in a year since 2011. Equity benchmark Sensex has given only 7% returns since last June, while BSE midcap and smallcap indices have slipped 6 per cent and 13 per cent, respectively.
Read More | WHO'S |  |
From hi-flier to yard sale…
Lenders to the bankrupt Jet Airways, who met on Tuesday for the first time since the carrier was sent to NCLT, decided to call for expressions of interest by Saturday to sell the meagre assets, which include 14 aircraft, a 49 per cent stake in Jet Privilege and a few buildings. Jet's liabilities are over Rs 36,000 crore and it is no more a going concern.
Read More Getting Messy... Regulatory pressure has increased on IndiGo with Sebi and MCA asking the airline to submit all documents, including the EY report that probed related-party transactions.
Read More Meanwhile... India's rainy season is shifting, and it's almost official now. The Met office will soon revise its onset and withdrawal schedule, which was set way back in 1941, to align "normal" dates with the reality of changed weather patterns.
Read More 
Buy
No comments:
Post a Comment