Canara Bank plans to raise up to Rs 4,500 crore through Basel III-compliant AT-1 bonds next week at an expected 7.85%-7.90% coupon. The issue is part of its Rs 8,500 crore fiscal capital plan, with Tier 2 bonds planned later.
Citi has launched eFPI@Citi, a digital solution that can cut foreign portfolio investor registration in India to five business days. The service uses technology to simplify onboarding as global investor interest rises, supporting faster access to Indian capital markets overall.
US stocks opened lower on Thursday after August producer prices strengthened expectations of a possible Federal Reserve rate hike this month. The Dow, S&P 500 and Nasdaq fell at the open, while escalating Middle East tensions pushed oil prices above $100 a barrel, adding to inflation and market concerns.
The Indian rupee slipped by 38 paise, settling at 95.46 against the US dollar on Thursday, influenced by Brent crude oil prices rising above USD 102 per barrel. Forex traders highlighted conflicting factors affecting the currency, such as portfolio outflows alongside costly crude prices. While the dollar index weakened, Brent crude futures climbed. Meanwhile, domestic equities thrived with the Sensex and Nifty trending upward.
Bitcoin traded near the $78,000 mark on Thursday as investors awaited key US inflation data and the Federal Reserve’s September 16 rate decision. The cryptocurrency remained range-bound amid macroeconomic uncertainty, while Ethereum and major altcoins also declined. Analysts said upcoming economic data and geopolitical tensions could determine the market’s next move.
Daniel Kahneman’s behavioural economics insights explain why investors often sell winning stocks too early while holding losing investments. Loss aversion can distort decisions, highlighting the need to focus on future fundamentals, valuations and growth prospects instead of emotional attachment to past prices.
Indian equities ended marginally higher on September 10 despite Brent crude nearing $102 a barrel and weak global cues. Nifty gained 0.20% and Sensex 0.19%, while technical analysts flagged 23,600 as crucial resistance amid persistent market pressure.
InterGlobe Aviation shares have fallen 8% in a month as oil prices topped $100, capping near-term upside. Ambit retains its Buy call, citing IndiGo’s market-share gains, strong aircraft order book and long-term growth prospects despite fuel, forex and competitive risks.
Copper prices are soaring to unprecedented levels, driven by a significant global supply imbalance. While mining operations struggle to meet demand, smelting capabilities are rapidly increasing. This disparity creates substantial structural challenges in the copper market. Moreover, anticipated US tariffs are affecting market behavior and inventory management. Tackling this issue is essential as the demand for copper maintains its upward trajectory.
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