Experts believe these steps towards boosting liquidity raise the likelihood of an interest rate cut in the February 5-7 monetary policy review. Separately, the Union finance ministry has asked public-sector banks (PSBs) to intensify expanding the coverage of government-backed affordable life insurance schemes under its financial-inclusion initiative, according to a senior government official. Also, Reserve Bank of India (RBI) Governor Sanjay Malhotra flagged the rise in digital frauds while emphasising the need for robust and proactive systems to thwart such attempts during his first interaction with managing directors and chief executive officers (CEOs) of public and private sector banks after taking charge.
MSCI's gauge of stocks across the globe fell about 1 per cent. US Treasury yields tumbled to multi-week lows, tracking steep declines in equities, as investors sought the safety of government bonds. The benchmark US 10-year yield dropped 9.1 basis points to 4.532 per cent.
Market insiders reveal that bears are homing in on vulnerable stocks with lofty valuations, promoter share pledging, and negative news triggers. In other news, the Reserve Bank of India (RBI) on Monday announced a three-pronged measure to address tight liquidity conditions in the banking system, just 10 days before the six-member Monetary Policy Committee’s decision on the repo rate. These steps, according to bankers, are expected to inject about Rs 1.5 trillion into the system, reducing the likelihood of further cash reserve ratio (CRR) cuts.
The story "Stock Market LIVE Updates: GIFT Nifty signals higher start for Indian; Hong Kong up, Nikkei drags" has 1743 words across 58 sentences, which will take approximately 8 - 15 minutes for the average person to read.
Which news outlet covered this story?
The story "Stock Market LIVE Updates: GIFT Nifty signals higher start for Indian; Hong Kong up, Nikkei drags" was covered 2 days ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 296 news stories per day.
It's most recent story was published 2 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
