831-crore public offer received bids for 2,49,39,292 shares against 87,12,000 shares on offer. The Tata Group houses its consumer business under Tata Consumer Products Ltd which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco in the hydration segment. For today’s trade, short position can be initiated in the range of Rs1,515-1,522 for the target of Rs1,470 with a strict stop loss of Rs1,535. The company said it has raised the loan at a margin of 122 basis points over the Secured Overnight Financing Rate for a https://mobilespy.muragon.com/entry/2.html tenor of five years from Sumitomo Mitsui Banking Corp. , Singapore, through the parent route. The long tenor of the facility benefits overall asset liability management of the company, it said in a statement. Vedanta Ltd and Taiwan’s Foxconn will invest $19.5 billion under pacts signed on Tuesday to set up semiconductor and display production plants in Gujarat, the home state of Indian Prime Minister Narendra Modi. Many countries have shown interest in bilateral trade in the rupee after RBI’s recent mechanism announcement, as per Finance Minister Nirmala Sitharaman on Tuesday.

• The government will auction 10 coal blocks under commercial coal mining this week as part of efforts to ramp up domestic coal output.
• If investors are apprehensive about Tuesday’s consumer price index report, they weren’t showing it Monday.
• Also, the IT showed a willingness to participate in the second straight session, which is an encouraging sign.
• The gains came ahead of tomorrow morning’s release of the August …
• The Federal Reserve is in the spotlight as investors they try to figure out whether the U.S. central bank’s plan to cool the hottest inflation in four decades will work or possibly tip an already slowing economy into a recession.
• “After months of gloom, Americans are finally starting to feel better about the economy and more resigned to inflation,” Bhattarai wrote.

Trade negotiations between the United States and China are expected to continue for a third day in Beijing on Wednesday. No news or research item is a personal recommendation to deal. Wall Street stocks ended with solid gains Monday, continuing the upswing last week that snapped a three-week losing streak.

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Queen Elizabeth II’s coffin will travel from the Palace of Holyroodhouse to St. Giles Cathedral in Edinburgh. At the cathedral there will be a service to celebrate Forex news the life of the queen and her connection to Scotland. Republicans (67%) are far more likely than Democrats (44%) to say rising prices are hurting their families.

The petroleum minister has said they will look at the G7 proposal very carefully. He also added that the world is still adjusting to the impact of the pandemic. Analysts tracking the oil sector view the G7 proposal may backfire if the largest importers of Russian oil, I.e China and India choose to look at their own interests. The Union government has been urging the private sector to boost investment, and has also stepped-up its own https://www.forextime.com/education/forex-trading-for-beginners capital expenditure as an example, to help economic recovery. Rosatom, a global player in the nuclear technology market, is developing the Kudankulam Nuclear Power Plant in Tamil Nadu. The plant will have a total of six reactors, each with an installed capacity of 1,000 MW, and two of the units are already operational. Indian benchmark indices witnessed another solid day and closed at a 5-month high with a gain of around 0.75%.

Rates & Bonds

US stocks finished higher for a fourth day as investors look ahead to Tuesday’s report on consumer prices. The S&P and Nasdaq added more than 1%; the Dow was up almost 1%. Economists polled by Reuters expect monthly CPI to have contracted 0.1% in August, edging down to 8.1% year-on-year, mainly due to the recent Forex news cool-down of commodity prices. The data will be scrutinized for any clues regarding the length and severity of the Federal Reserve’s policy tightening phase. Nymex Crude for October delivery gained 99 cents per barrel, or 1.14% to $87.78 today. The 10 Year yield rose 0.040 percentage point to 3.361% today.

The finalisation of the share allotment is done this week and the shares of the company are expected to list on stock exchanges BSE and NSE this week on Thursday, September 15, 2022. Japan’s Nikkei share average followed Wall Street higher on Tuesday, although the gains were capped by caution ahead of a key U.S. inflation report, with shares of Nintendo leading gains on the benchmark https://mobilespy.muragon.com/entry/2.html index. Indian government bond yields turned lower after inching higher in early trades on Tuesday, likely led by purchases from foreign banks, even as inflation stayed above the central bank’s target for eight straight months. International crude oil prices traded on a subdued note on Tuesday after they recovered from the seven-month low levels in the previous session.