First Pass

89 stories from 2 sources

Liquidity shock hits markets as capital raising stays resilient

Day’s Recap

The repricing points to a more defensive market, not a broad collapse in investor risk appetite.

Supporting Articles

Traders are reducing bullish positions in the rupee and short-term bonds after India unexpectedly ended a special window for attracting foreign-currency deposits ahead of schedule. The decision disrupted expectations about near-term dollar liquidity and market support.

11:32 PMBloomberg Markets

Shorter-tenor Indian bond yields rose sharply after the central bank said it would close a special dollar deposit window for overseas residents one month earlier than planned.

12:55 AMBloomberg Markets

Indian equities extended their decline as fading hopes for a Middle East peace deal weighed on sentiment. The Sensex fell more than 250 points, the Nifty continued its losing streak and moved below the level cited in the report, while small-cap stocks gained ground.

11:55 PMEconomic Times

India will soon announce a high-powered committee to recommend how the banking sector should evolve as the country seeks to become a developed economy over the next two decades, Finance Minister Nirmala Sitharaman said Monday.

2:44 AMBloomberg Markets

Indian financial institutions have sold a record $8 billion of dollar bonds this year as lenders take advantage of a central bank facility that reduces hedging costs on foreign-currency borrowing.

2:26 AMBloomberg Markets

ICICI Bank raised $750 million through its third dollar bond issue in a month, taking total dollar debt fundraising to $2.05 billion. The latest issue priced at a tighter spread than initially indicated, with proceeds earmarked for general corporate purposes.

11:49 PMEconomic Times

Other Developments

A curated list of other prominent stories from this day.

No substantive market update or price information was provided for ICICI Bank in the supplied material.

11:53 PMEconomic Times

The article provides live updates on HDFC Life’s share price and market performance.

11:50 PMEconomic Times

Sham Foam is scheduled to list on the BSE SME platform after its Rs 40.48 crore IPO received 2.40 times overall subscription. The issue comprised 31 lakh fresh shares priced at Rs 130 each, while grey-market signals pointed to a broadly flat debut.

11:47 PMEconomic Times

The article provides live updates on HCL Technologies’ share price and stock performance.

11:45 PMEconomic Times

No substantive market or company update was provided for Tata Consumer in the available material.

11:41 PMEconomic Times

No substantive market or company update was provided for Eicher Motors in the available material.

11:40 PMEconomic Times

Make it yours

Build Your First Pass.

Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!