 |
|
|
|||||
The Fed delivered a jumbo-sized 50 basis-point cut last month, temporarily vindicating that view. But the trajectory of rates is less certain after Friday's labour market report, which showed the US economy creating over 100,000 more jobs than expected last month. That suggests there is less need for more large cuts this year and raises the prospects of a reversal in many of the trades that hinged on lower rates.
Category:
News and Media
Overseas investors sold shares worth 7,054 crore across eight sectors in the second-half of the month. The consumer services sector witnessed the highest foreign outflows at 2,784 crore, after receiving inflows worth 4,158 crore in August.
Category:
News and Media
According to investment bankers, there were some technical issues with the draft papers and Sebi requested the company to make necessary revisions. As a result, the company decided to withdraw and refile the DRHP, they said. "The withdrawal of the DRHP has nothing to do with the weak secondary market. The company is expected to submit the revised DRHP within a month," said one of the bankers.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||