markets

MARKETS: Sensex erases gains, ends 262 pts lower; banks, metals, FMCG drag


Erasing all its morning gains, the domestic equity market ended in the negative territory on Tuesday amid selling in banks, metals and FMCG counters. 

Shares of state-run banks dropped with Nifty PSU Bank index hitting an over 13-year low on the National Stock Exchange (NSE) on concerns over asset quality. Among individual stocks, State Bank of India (SBI) hit a 52-week low of Rs 168.80 apiece. The stock ended at Rs 171.40  on the NSE, down over 4 per cent. READ MORE

At the index level, the S&P BSE Sensex slipped 262 points or 0.83 per cent to
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Expectations for money markets as rates dip lower

Transcript

Tim Buckley: Sarah, we’ve been chatting a lot about funds and firms needing to keep more funds. I’m confident there are a lot folks out there questioning how do we deal with their funds? And you’re liable for our taxable money markets, so why really do not you share how we conservatively deal with their funds.

Sara Devereux: That’s correct. So as you know, we have a very conservative tactic when it will come to our money market place funds. First of all, the liquidity ratios that are necessary by regulators, we are perfectly in excess of individuals ratios.

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How active managers see the markets

Transcript

Tim Buckley: Kaitlyn, buyers are typically astonished to locate out that we’re the 3rd major energetic manager in the globe. In actuality, you lead the team that selects people supervisors and oversees people supervisors. Some thirty exterior supervisors, so that presents you a exclusive standpoint on what’s heading on in the markets and what they’re saying. Any stress out there or they looking at much more options?

Kaitlyn Caughlin: So our exterior supervisors are seriously imagining for the extended expression, now and like we be expecting them to do all the time. It’s in fact just one of the

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What the CARES Act means for markets and the economy

Vanguard has been engaged through the legislative approach, working with our dependable voice to advocate in help of traders, employees, organizations, and the broader financial system. “Vanguard manufactured it crystal clear to policymakers that the fiscal policy response to the ongoing coronavirus pandemic need to be daring, swift, and successful,” said Jerry Golden, Vanguard Governing administration Relations principal and head of U.S. Congressional Affairs.

Joe Davis, Vanguard’s international chief economist, has been a main voice on the have to have for an intense fiscal policy response to the coronavirus pandemic. “In our see, assertive fiscal stimulus that mitigates position losses

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Fed Repo Offers to Pump $1.5T Into Markets

The Federal Reserve Financial institution of New York has stepped in to present liquidity in the Treasury invoice current market, citing “highly abnormal disruptions” due to the coronavirus disaster.

The central lender began Thursday to increase its repurchase functions, supplying $five hundred billion in 3-month repos to be adopted by yet another $1 trillion on Friday. It will also get started acquiring Treasuries “across a variety of maturities,” fairly than just shorter-term costs, as aspect of a earlier introduced $60 billion financial debt acquire software.

“This is a comprehensive-blown disaster response procedure, intended to make it abundantly apparent that the

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