Latest Reporting by Economic Times — Markets
20 Stories IndexedCoinbase's India return: How a bespoke rupee on-ramp changes the game for foreign exchanges
Operating under a fresh local entity fully registered with India's Financial Intelligence Unit (FIU-IND) and compliant with local tax frameworks, Coinbase has achieved a major competitive breakthrough: a custom-built, bespoke Indian Rupee (INR) on-ramp and off-ramp.
Dividend alert! Last day to buy NTPC, GAIL and 11 other stocks to qualify for dividend payouts
Under Sebi's T+1 settlement cycle, investors need to purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (September 2), making them eligible for the dividend.
Hy-Tech Engineers shares to list today; 66% GMP signals strong listing debut
The Rs 135.73-crore IPO was offered at a price of Rs 53 per share. The issue comprised a fresh issue of 1.13 crore shares worth Rs 60 crore and an offer for sale (OFS) of 1.43 crore shares aggregating to Rs 75.73 crore.
Symbiotec Pharmalab shares to list today; GMP signals 19% listing gain
The Symbiotec Pharmalab IPO plans to channel Rs 112.50 crore towards the prepayment and/or repayment, fully or partially, of select outstanding borrowings, helping strengthen the company’s balance sheet and potentially reduce its debt burden.
Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a negative start; Asian shares trade mixed
Oil Price Today (September 1): Crude oil above $90 as US, Iran attacks jolt Hormuz hopes. $100 in sight?
Oil prices rose on Tuesday as renewed fighting between the U.S. and Iran in the Middle East revived concerns over potential supply disruptions from the world’s key crude-producing region.
Negative Breakout: These 11 stocks cross below their 200 DMAs
Traders use the 200 DMA as a key indicator to determine a stock's overall trend
Gold steadies as traders await US jobs data, monitor Mideast tensions
Gold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This economic data is expected to shape the market's forecast regarding Federal Reserve policy moves. With a 65% likelihood of a rate increase in September, market eyes are keen.
Fresh rupee deposit rates experience a notable drop this July
Fresh rupee term deposit rates saw a slight decrease in July. Outstanding rupee deposit rates, however, remained stable during the same period. Lending rates on outstanding rupee loans also showed little change in July. The one-year average marginal cost of funds-based lending rate increased in August. This rise was primarily driven by foreign banks' higher average MCLR.
Yen hangs near 160 amid BOJ rate-hike bets, dollar wobbles
The yen stabilized near 160 against the dollar on Tuesday. US Treasury Secretary Scott Bessent urged the Bank of Japan to raise rates. Currency markets watched renewed Middle East conflict and rising oil prices. Traders anticipate a potential Federal Reserve rate hike in September. Investor attention focuses on upcoming economic data this week.
Oil prices rise as latest fighting resurrects Middle East supply disruption risks
On Tuesday, oil prices surged as concerns over supply disruptions arose due to escalating conflicts in the Middle East. Both Brent crude futures and West Texas Intermediate crude experienced notable gains. Tensions escalated following the recent direct confrontations between the U.S. and Iran, compounded by shipping data indicating a reduction in vessels navigating the Strait of Hormuz. Notably, a tanker reported being struck by projectiles while passing through the area.
Metals emerge as 2026’s top sectoral bet, IT, FMCG struggle
The metals sector has achieved a double-digit return this year, outperforming other indices. Realty stocks have seen a significant turnaround, gaining nearly four percent after last year's decline. Telecom, Capital Goods, and Healthcare also emerged as strong performers with substantial gains. IT and FMCG stocks have been the major laggards, facing earnings growth concerns. Favorable pricing and demand support the metals sector's positive outlook.
RBI's net short forward positions hit record $137 billion in July
The Reserve Bank of India's net short forward positions soared to a record high of $137 billion in July, driven by long-term swaps related to forex inflow strategies. The most notable rise occurred in short positions exceeding one year, climbing to $91 billion. The central bank's intervention tactics cover spot, NDF, and forward markets as India’s foreign exchange reserves reached an impressive $729.33 billion.
MSCI rejig disrupts arbitrage playbook, fuels late-session volatility
MSCI index rebalancing on Monday saw sharp stock swings in the final minutes. Global funds adjusted holdings, impacting several stocks significantly during the new Closing Auction System. The Closing Auction Session accounted for a substantial portion of the day's total cash market turnover. Some large-cap stocks experienced unexpected declines without clear fundamental reasons. Traders and investors are now adapting to the new dynamics introduced by the auction system.
Global Market Today: Asian bonds fall as geopolitical risks lift oil, yields
Brent crude extended gains in early Asian trading to over $91 a barrel after renewed fighting in the Middle East. The US and Iran exchanged strikes for the first time in about a month as American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan.
FPIs stay open to IPO bets despite equity exodus
Foreign investors have shown a strong preference for India's primary market, channeling $4.9 billion into initial public offerings, which sharply contrasts with the $28.9 billion outflow from the secondary market. The momentum in primary market inflows picked up after July, highlighted by substantial contributions to major IPOs. Alongside this, domestic fundraising from a plethora of new offerings has also risen.
Rupee jumps to 4-week high, ends at 95.16 to the dollar
The Indian rupee appreciated by twenty-one paise against the dollar on Monday, surprising traders with the sudden influx related to equity index movements. An early intervention by the Reserve Bank of India solidified the rupee's stronger position. Anticipated changes in MSCI rebalancing alongside raised stock weights are set to attract further capital inflows. Banks intensified their efforts to gather FCNR(B) deposits, reinforcing the RBI's stability.
Stocks in news: Bharti Airtel, Happiest Minds Technologies, PVR INOX, Milky Mist Dairy and Mankind Pharma
Indian equity markets ended lower on August 31, responding to prevailing global economic dynamics. A modest decline in the Nifty50 index brought it below essential moving averages. Key corporate updates emerged, including major merger announcements and buyback initiatives from Happiest Minds Technologies and PVR INOX. Milky Mist Dairy showed remarkable profit growth, whereas E2E Networks secured a vital contract.