Sensex plunges 572 points, Nifty ends near 10,600; four key reasons behind stock market carnage – The Financial Express

Sensex plunges 572 points, Nifty ends near 10,600; four key reasons behind stock market carnage – The Financial Express
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The domestic stock markets witnessed a very choppy session on Thursday, with the 30-share Sensex plunging 572 points and the broader Nifty 50 ending near 10,600 on the back of a negative cues and a vicious selloff in global equities. We take a closer look.Benchmark equity indices cracked for the third consecutive session today, as the Sensex plunged 572.28 points, or 1.59 per cent, to close at 35,...
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Prolonged pause? RBI retains rate & stance, for now – The Financial Express

Prolonged pause? RBI retains rate & stance, for now – The Financial Express
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SLR to be cut 25 bps each for 6 quarters from Q4, increased OMO frequency in Q4, new retail/MSME loans linked to external benchmark.The Sensex and Nifty ended 0.7% and 0.8% lower respectively, largely owing to a fall in overseas markets.The Reserve Bank of India (RBI) on Wednesday left the repo rate unchanged at 6.5% and stayed the course to ease the systemic liquidity as most analysts expected, b...
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Global stock plunge: Central European shares fall amid trade war fears – The Financial Express

Global stock plunge: Central European shares fall amid trade war fears – The Financial Express
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Warsaw led a fall on Central European bourses on Thursday due to gloom and doom on global stock markets amid risk aversion and deep concerns about the impact of the U.S.-China trade war.The Polish zloty shed 0.1 percent to trade at 4.2915 against the euro at 0931 GMT. (Reuters)Warsaw led a fall on Central European bourses on Thursday due to gloom and doom on global stock markets amid risk aversion...
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Crude oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting – The Financial Express

Crude oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting – The Financial Express
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Crude oil prices dip as stock markets slide, but trading tepid ahead of OPEC meetingOil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.U.S. West Texas Intermediate (WTI) crude futures were at $52.66...
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Market-linked loan pricing may increase deposits – The Financial Express

Market-linked loan pricing may increase deposits – The Financial Express
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The move to link pricing of small-value bank loans to an external benchmark could lead to an increase in the prevalence of floating-rate deposits in the system, analysts said.These can lead to expansion in NIMs (net interest margins) by 5-10 bps and drive uptick in NII (net interest income) growth over two-three quarters, especially for banks with high CASA (current account savings account) levels...
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US dollar dips versus yen as growth concerns shake confidence – The Financial Express

US dollar dips versus yen as growth concerns shake confidence – The Financial Express
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The dollar dipped against the safe-haven yen on Thursday amid a spike in risk aversion, as equities continued their retreat on concerns about growth in the worlds largest economy.US dollar dips versus yen as growth concerns shake confidenceThe dollar dipped against the safe-haven yen on Thursday amid a spike in risk aversion, as equities continued their retreat on concerns about growth in the worl...
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Crude import bill: India, Iran sign pact for rupee payment – The Financial Express

Crude import bill: India, Iran sign pact for rupee payment – The Financial Express
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The memorandum of understanding (MoU) was signed following the US letting India and seven other nations to keep buying Iranian oil despite sanctions were reimposed on the Islamic state on November 5.India had won the exemption after it agreed to cut imports and escrow payments.India has signed an agreement with Iran to pay for crude oil it imports from the Persian Gulf nation in rupees, sources in...
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OPEC waits on Vladimir Putin's decision as it searches for oil cut deal  – The Financial Express

OPEC waits on Vladimir Putin's decision as it searches for oil cut deal  – The Financial Express
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OPEC meets on Thursday with the cartel seemingly willing to defy U.S. President Donald Trump and cut oil production -- but the most important decision maker will spend the day a thousand miles away.We face stiff resistance from Russia for a large cut, said a senior OPEC delegate, asking not to be identified because discussions are private. (Reuters)OPEC meets on Thursday with the cartel seemingly ...
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‘Buy’ on Jindal Steel and Power with TP of Rs 244 – The Financial Express

‘Buy’ on Jindal Steel and Power with TP of Rs 244 – The Financial Express
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EBITDA at `21 bn, up 53% YoY, exceeded our/consensus estimate of `19 bn mainly due to (1) better-than-expected profitability of power business and (2) Mozambique EBITDA contribution at $5.7 m vs. expectation of minimum profitability.Accordingly, EBITDA/t declined by Rs 3,400/t to Rs 9,200 vs. Rs 12,600 in Q1 and Rs 7,600 in Q2FY18.EBITDA at `21 bn, up 53% YoY, exceeded our/consensus estimate of `1...
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Asian stocks tumble with US futures; yen gains – The Financial Express

Asian stocks tumble with US futures; yen gains – The Financial Express
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Asian stocks slumped with U.S. futures, the Treasury yield curve edged closer towards inversion and the yen climbed on Thursday as the investor aversion to risk that’s been prevalent for much of the quarter resumed.Asian stocks tumble with US futures; yen gainsAsian stocks slumped with U.S. futures, the Treasury yield curve edged closer towards inversion and the yen climbed on Thursday as the inve...
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