Wed, Apr 24, 2024 10:04 AM
Societe Generale, Marshall Wace active in Bandhan Bank, BoB, Manappuram Fin
A Flip by Shubhangi Gupta
Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to be measured in its interest rate cuts. The Bank of Japan on the other hand could raise rates in the near-term, with the summary of opinions at the bank.
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KKR is set to double down on its bet on LEAP India Pvt Ltd, that is already majority-owned by the PE firm and is raising Rs 535 crore in its latest funding round led. KKR is investing Rs 333 crore in LEAP India’s ongoing fundraising, while Sixth Sense is investing Rs 70 crore, and First Bridge and Madhurima International are investing Rs 60 crore and Rs 50 crore, respectively.
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This week nifty traded in a narrow range of 300 points, showing no clear direction. For the last three days index struggled near the 23,870 level on the upside while finding support around 23600 on the downside. This tug of war between bulls and bears led to the formation of multiple Doji candles and inside bars on the daily chart indicating indecision.
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