Personal finance insights: Market sentiments, investment strategies & economic trends
Dr K C Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread +18.2% (above average)$NYA50R, NYSE %Above 50-dMA 70.87% (overbought, barely)$SPXA50R, SP500 %Above 50-dMA 76.00% (overbought)Delta MSI 81.1% (overbought) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 61.04%, Hybrids 4.45%, Bonds 17.89%, M-Mkt 16.63% INTEREST
India’s 100 Richest Tycoons Cross $1 Trillion Mark: Forbes Report
For the first time, the combined wealth of India’s 100 richest individuals has exceeded $1 trillion, as reported by Forbes. Over 80% of these tycoons are wealthier now than they were a year ago, bringing the total to an impressive $1.1 trillion—more than
Sensex Rises on Positive Global Cues
Indian equity indices opened higher on Thursday, buoyed by positive signals from US and Asian markets. By 9:50 a.m., the Sensex was up 93 points, or 0.11%, reaching 81,560, while the Nifty gained 29 points, or 0.12%, to hit 25,011. Early trading showed
Securitisation Volume Soars to Rs 70,000 Crore in Q2 FY25, Driven by Vehicle Financing
Securitisation volume in India surged by 56% year-on-year to Rs 70,000 crore in the second quarter of FY25, primarily fueled by vehicle financing, according to a report by CRISIL Ratings released on Wednesday. This increase was largely driven by significant issuances from key
RBI Maintains Repo Rate at 6.5% and Projects 7.2% GDP Growth for FY25
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%, while maintaining its forecast for India’s real GDP growth at 7.2% for FY25. RBI Governor Shaktikanta Das noted that inflation is expected to
World Bank Signs $200 Million Agreement to Support Sri Lanka’s Economic Reforms
The World Bank and the Sri Lankan government have signed an agreement for an additional $200 million to support the country’s economic reforms, as announced in a statement from the World Bank on Monday. This funding is part of the Second Resilience, Stability,
RBI MPC Set to Maintain Status Quo; Focus on Repo Rate
As the Reserve Bank of India (RBI) prepares to announce the outcome of its Monetary Policy Committee (MPC) meeting on October 9, industry experts anticipate that the central bank will keep policy interest rates unchanged. They suggest that if food inflation continues to
Sensex Trades Higher Amid Positive Global Cues
Indian equity indices opened higher on Monday, buoyed by positive signals from US and Asian markets. As of 9:51 a.m., the Sensex was up 193 points, or 0.24 percent, trading at 81,882, while the Nifty gained 36 points, or 0.15 percent, reaching 25,051.
Rs 2,000 Crore WazirX Hack: Government Investigates as Users Await Refunds
The cryptocurrency exchange WazirX, which experienced a significant cyber theft of Rs 2,000 crore (approximately $234 million) in July, is now under investigation by top government agencies as millions of users await refunds for their lost digital assets. Officials from the Financial Intelligence
Middle East Crisis Hits Indian Investors Hard: Rs 14 Lakh Crore Loss in Two Days
The Indian equity market experienced a significant downturn, closing deep in the red due to escalating conflicts in the Middle East. Investors have collectively lost over Rs 14 lakh crore in just two trading sessions, with the total market capitalization of listed companies
When to Take Social Security?
Dr K C Gupta, YBB Personal Finance You can start collecting Social Security benefits early at age 62 with up to 30% penalty (graduated) or delay benefits up to age 70 with up to 32% bonus (graduated). The full retirement age (FRA) is
Adani Group and Google Collaborate to Boost Clean Energy Adoption in India
The Adani Group and Google have announced a partnership aimed at enhancing their sustainability goals and increasing the amount of clean energy supplied to India’s national grid. Under this collaboration, the Adani Group will provide clean energy from a new solar-wind hybrid project
Israel-Iran Conflict: India Inc Prepares for Wider Disruption in Sea Trade
With escalating tensions in the Middle East, particularly between Israel and Iran, India Inc is bracing for significant trade disruptions along the critical Red Sea route. Israel has vowed to retaliate following missile attacks attributed to Iran, raising concerns among industry experts that
Vistara to Adopt ‘AI2’ Flight Number After Merger with Air India Next Month
Air India announced on Wednesday that flights operated by Vistara will begin using the flight code ‘AI2’ following the merger of the two airlines next month. While the integration will officially take place on November 12, Air India assured that the Vistara experience
Nigeria Secures $1.57 Billion Loan from World Bank
Nigeria has secured a new loan of up to $1.57 billion from the World Bank aimed at enhancing human capital through improved health services for women, children, and adolescents, while also building resilience against climate change. The financing package includes approximately $500 million
Qatar Airways to Acquire Minority Stake in Virgin Australia
Qatar Airways has finalized an agreement to acquire a minority stake in Virgin Australia, the country’s second-largest airline. Virgin Australia announced on Tuesday that Qatar Airways will purchase a 25% equity stake from its current owner, Bain Capital, pending approval from the government’s
Tokyo Stocks Rise on Weaker Yen and US Gains
Tokyo stocks climbed on Tuesday after a sharp drop the previous day, as bargain hunters capitalized on the dip, boosting the index. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, rose by 1.93%, or 732.42 points, closing at 38,651.97. The market
Make in India for Space and Geospatial Sector to Drive Growth by 2047: Amitabh Kant
The “Make in India” initiative, particularly in the space and geospatial sectors, is expected to fuel significant growth in the country by 2047, according to G20 Sherpa Amitabh Kant. Speaking at a high-level seminar titled “Make in India for Space and Geospatial Sector,”
SEBI Board Meeting: Focus on F&O Trades and MF Lite
The Securities and Exchange Board of India (SEBI) is set to convene a board meeting on Monday, with key discussions centered around futures and options (F&O) trading and mutual funds. Reports indicate that the markets regulator may implement stricter regulations on F&O trading
Personal finance insights: Market sentiments, investment strategies & economic trends
Dr K C Gupta, YBB Personal FinanceSENTIMENTSAAII Bull-Bear Spread +24.4% (high)$NYA50R, NYSE %Above 50-dMA 71.82% (overbought)$SPXA50R, SP500 %Above 50-dMA 79.00% (overbought)Delta MSI 74.4% (overbought)ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.98%, Hybrids 4.48%, Bonds 17.94%, M-Mkt 16.61%INTEREST RATESCME FedWatchCycle peak 5.25-5.50%Current 4.75-5.00%FOMC 11/7/24+