Category: MARKET

Top central bank officials said they have enough room to ease monetary policy if needed and hinted at possible adjustments to the reserve requirement ratio for banks and further targeted easing of property controls.

​​Foreign fund managers continued to pour money into Indian equities, buying stocks worth ₹2,636.43 crore on Friday as the dollar fell to a 15-month low on easing inflation. A weakening dollar is fuelling appetite for riskier assets such as emerging markets.

Zen Technologies was the top gainer from the smallcap pack with nearly 37.2% returns, followed by Lloyds Steels Industries (33.9%), Pix Transmissions (27.9%), and Patel Engineering (26.2%).

Bullion hit its highest since June 16 earlier this week after data showed U.S. consumer prices in June registered their smallest annual increase in over two years, prompting bets the Federal Reserve could soon end its rate-hike cycle.

Yield on the 10-year benchmark government bond could move up 4 basis points (bps) in the three-month period, while the change for corporate and state bonds could be as much as 11 bps, it said.

In a Twitter post on Friday, Multichain provided details around the sudden disappearance of its founder and chief executive, identified only by the name Zhaojun, in late May. Multichain is a so-called crypto bridge, which allows users to swap digital tokens across the various blockchains they run on.

Fed officials are expected to raise rates by 25 basis points at their meeting this month after pausing their 15-month tightening campaign in June while at the same time indicating that two more increases were likely this year.

Motilal Oswal expects Wipro’s full year FY24 organic growth to be among the lowest among tier-1 IT services peers after reporting weak first quarter earnings and muted second quarter guidance.

While all other special rights held by shareholders cease to exist when a company goes public, the right to nominate directors to the board had thus far been allowed by Sebi