Stock Market Today: Bears will have complete control over the Indian stock market as long as the market for global banking equities remains unstable. The market will be influenced by RBI policy moves domestically in the upcoming weeks. On April 3, the RBI will start its three-day monetary policy meeting. On April 6, the results in key rates and the economic outlook will be made public.
India bond yields seen tad higher tracking U.S. peers
Although traders wait for the April-September borrowing schedule, Indian government bond yields are projected to increase in the early session on Wednesday, matching an increase in U.S. peers.
After ending at 7.3240% on Tuesday, the benchmark 10-year 2032 bond yield is predicted to fluctuate between 7.30% and 7.36% on Wednesday, according to a trader with a private bank. Due to a regional holiday, Indian marketplaces are closed on Thursday. The trader continued, “Some uptick is likely, but any substantial move before the financial year-end can be fairly ruled out.”
Stock Market Today: India’s exports hit record in 2022-23 at USD 750 bn
With two to three days remaining in the fiscal 2022–23 year, India’s overall exports reached USD 750 billion, the largest amount ever for the nation.
Piyush Goyal, the Union minister of commerce, disclosed the historic export data today at the annual meeting of the business organisation Assocham.
NHPC to issue ₹5,600 crore worth corporate bonds next financial year
The government-backed National Hydroelectric Power Corporation said on Tuesday that it plans to issue corporate bonds to raise up to Rs. 5,600 crore in debt during the upcoming fiscal year.
The business stated in its stock filing that the funds will be raised by selling corporate bonds in one or more series or tranches through a private placement and/or by selling term loans or external commercial borrowings (ECB) in the appropriate tranches.
Stock Market Today: Discoms seek tariff hikes up to 40% as demand, costs soar
Electricity prices in India could increase by as much as 40% this summer as the nation prepares for a sweltering summer with record-breaking demand.
If state electricity tariff regulators approve, power distribution utilities plan to increase tariffs in all states by as much as 40%. The increases will range from single digits to highs of 40%. Discoms have already suggested raising pricing in places like Uttar Pradesh, Maharashtra, Madhya Pradesh, and Himachal Pradesh.
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