The US Federal Reserve held onto interest rates as was expected on Wednesday and on Thursday overnight, Wall Street was holding in the positive territory setting the trend for Dalal Street on Friday
Volatility levels rise amidst general elections and a rising VIX levels could also trigger short term bearishness according to analysts so the markets will be in the jittery zone for some time.
In another sign of demand compression and stiff competition particularly regional, Hindustan Unilever reported a bigger-than-expected fall in fourth-quarter profit on Wednesday
In this week’s The Core Report: Weekend Edition, Mor, a former member of the central board of the RBI, spoke on the trust factor in banking, governance issues in the fintech sector and much more.
All indices have been hitting record highs consistently. And that of course has been the situation in the US as well with S&P 500, Dow Jones and Nasdaq all hitting record highs in recent weeks
In October 2022, the RBI mandated ARCs to increase their net owned funds to Rs 200 crore by March 2024 and Rs 300 crore by March 2025, creating trouble for the industry.
We have been calling a weak market for a few days now and it is indeed exhibiting all the signs of one that has no major upwards triggers combined with continued flow of capital which is getting absorbed
While banks and non-bank finance companies have got the stick too, one cohort that has borne the brunt of regulatory action is new-age fintech companies.