Stock Market Insight: ETMarkets Morning Podcast: Use This Debt Strategy To Allay Rate Worries


Hi hello. Welcome to ETMarkets Morning, the money, business and markets show. I am Saloni Goel. Let’s start with the headlines first.

> Indians sent $ 2 billion overseas in September
> ICICI Bank raises Rs 3,595 cr via infrastructure bonds
> NSE Unlisted Shares Rise Amid HNI Interest
> Dream Sports provides $ 840 million in new funding

Now let me give you a quick overview of the state of the markets.

Asian stocks were mixed as the dollar held close to a 16-month high after Federal Reserve minutes signaled the risk of a quicker cut in stimulus to fight inflation high. Japan’s Topix index rose 0.3%, the Australian S & P / ASX 200 index lost 0.2% and South Korea’s Kospi index fell 0.6%.

Elsewhere, the yield on 10-year Treasuries fell three basis points to 1.63%. The US dollar traded at its highest level in over a year against the euro and near a five-year high against the yen, as the Federal Reserve policymaker’s hawkish tilt contrasted with the more accommodating monetary outlook in Europe and Japan.

Oil prices have come down as investors wait to see how major producers respond to the emergency release of crude by major consuming countries aimed at cooling the market, even as data pointed to healthy fuel demand in the United States. United. Brent crude futures slipped 5 cents to $ 82.20 a barrel, after losing 6 cents on Wednesday.

That said, here’s what’s in the news.

Despite the reduction in the participation of renowned institutional investors in the National Stock Exchange due to the uncertainty surrounding its proposed initial public offering, the unlisted shares of the exchange operator have risen by almost 7% in the last few days. . Investors buy NSE shares because they believe the shares could earn a minimum premium of 50% when listed.

Predicting the evolution of interest rates, just like timing the stock market, is a delicate task. Investors who wish to avoid forecasting the direction of interest rates might consider a leverage strategy called “laddering,” which involves building a portfolio of different fixed income instruments across maturities.

Star Health and Allied Insurance Co will become the first pure-play health insurance company to be listed on local stock exchanges, as it prepares to launch its initial public offering of Rs 7,249 crore next week. The company could benefit from the increased awareness of the insurance market after Covid and this is what investors will buy to assume there is no third wave, said Asutosh Mishra, head of research at Ashika Securities.

RECENTLY,

Mid-tier banks could offer higher returns than large banks in the short term, barring a severe third wave of Covid-19, Investec said in a note. Raising its price targets on stocks such as City Union, Federal, CSB, Karur Vysya and DCB, the brokerage said that in the absence of a third wave, it is optimistic about the recovery momentum of the market. these mid-sized banks driven by the normalization of credit costs, improved credit growth and increased net interest margins (NIMs).

NOW Before you go, here’s a look at some of the stocks that are buzzing this morning …

Bank ICICI has raised Rs 3,595 crore via infrastructure bonds for the second time this fiscal year, which could signal a pickup in demand in the sector as vaccinations and slowing infections reignite hopes.

ESB has signed a Memorandum of Understanding with Madurai District Gold and Silver Merchants Association to boost the growth and development of commodities and the proposed market for electronic receipts in Madurai District. ‘gold (EGR) in India.

Reliance Industries Limited, through its subsidiary Reliance Strategic Business Ventures Ltd (RSBVL), will acquire the rights to own and operate a new franchise cricket team in the upcoming UAE T20 League from the Emirates Cricket Board .

Vodafone Idea (Vi) is expected to see its operating and revenue increase by almost 70% and 14% respectively in FY22 following its decision to increase all prepaid tariffs to 25%, provided that the loss-making telecommunications company does not suffer any major problems. the resulting market share losses, analysts said.

Also check out over two dozen stock recommendations for today’s trading from top analysts on ETMarkets.com.

That’s all for the moment. Stay with us for all the market news throughout the day. Good investment!


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