Thu, May 2, 2024 9:49 AM
Financial services secy meets private insurers, discusses key issues
A Flip by Shubhangi Gupta
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes that the Indian stock market mood has improved after the Nifty 50 index raced towards the 22,400 mark. Recommendations- 📌Tata Consumer: Buy at ₹1100, target ₹1145, stop loss ₹1075; 📌JSW Steel: Buy at ₹886.40, target ₹920, stop loss ₹868; and 📌HDFC Life Insurance: Buy at ₹567, target ₹590, stop loss ₹556.
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Stocks in Asia opened broadly lower Friday as traders reassessed the path forward for interest rates, while equities in Hong Kong braced for further gains on bullish corporate results. Shares in Japan and Australia fell, while futures for Hong Kong pointed to early gains after the Golden Dragon index of US-listed Chinese companies rose 2.5% Thursday in New York.
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Mumbai: Non-banking finance companies' (NBFCs) adoption of technology is fuelling growth, but reliance on algorithms built on poor data, over-reliance on unsecured loans and unsustainable loan limits are leading to build-up of risks that could bring grief in the future, said Reserve Bank of India (RBI) deputy governor J Swaminathan.
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