..... . VALI disclosures . .....: 29/04/26, Flat starting ahead for today

Wednesday, April 29, 2026

29/04/26, Flat starting ahead for today

The global markets are cautious in early trade as investor sentiments were weighed down by a mix of factors. The United Arab Emirates (UAE)has decided to leave the Organisation of the Petroleum Exporting Countries (OPEC) after 60 years.

There are also reports suggesting weakness in OpenAI. Following this, the GIFT Nifty is indicating a quiet start, up 5 points or 0.02% to trade at 24,105.

Earlier on Tuesday, the NSE Nifty 50 closed the session 97 points or 0.40% lower at 23,996, while the BSE Sensex fell 417 points or 0.54% to close at 76,887.

Key global and domestic cues to know on April 29, 2026

UAE quits OPEC

The UAE said it has decided to quit the OPEC and OPEC+, dealing a heavy blow to the oil-exporting nations. The move comes at a time when the conflict in Iran has triggered a historic energy crisis and disrupted the global economy.

The loss of the UAE, a long-time member of OPEC, may lead to chaos and weaken the strength of the group, which has typically aimed to present a united stance despite internal conflicts regarding various issues, including geopolitics and production quotas.

Asian Markets

The Asian indices on Wednesday morning opened on a cautious note as investors assessed the latest developments concerning OPEC, as well as a report that pointed to weakness in OpenAI. South Korea's Kospi lost 0.39%, while the small-cap Kosdaq traded flat. Hong Kong's Hang Seng index futures were at 25,762, compared with the index's last close of 25,679.78. Japanese markets are shut for a holiday.

US markets

The US markets closed Tuesday's trade on a lower note, weighed down by a report that pointed to weakness in OpenAI as well as a rise in oil prices. The broad market index fell 0.49% to close at 7,138.80, while the tech-heavy Nasdaq Composite shed 0.9% and ended at 24,663.80. The Dow Jones Industrial Average slid 25.86 points, or 0.05%, to settle at 49,141.93.

Crude oil

West Texas Intermediate (WTI) crude futures fell 0.57% to trade at $99.36 per barrel. Brent crude futures traded 0.33% lower at $110.90 this morning. On COMEX, crude prices increased 0.93% to trade at $97.27 a barrel.

Gold rate today

The rate for 24-carat gold today is Rs 1,49,986.8 per 10 grams. The price of gold has fallen by 1.24% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,49,730 per 10 grams. The 18-carat gold price today in India is Rs 1,12,490.1. On COMEX, the precious metal was trading at a price of Rs 4,685 an ounce, falling 0.19%.

Silver rate today

In India, the silver rate fell 2.07% at Rs 2.37 lakh per kilogram. On COMEX, Silver prices fell 0.77% on Wednesday to trade at $74.44 per troy ounce. Silver had surged to record highs in January amid geopolitical tensions and economic uncertainty, with heavy speculative buying pushing prices higher, but soon faced volatility.

FII, DII data

Foreign institutional investors (FII) were the net sellers of shares worth Rs 1,835.26 crore. On the other hand, the Domestic institutional investors (DIIs) were the net buyers of shares worth Rs 1,591.85 crore on April 28, 2026, according to the provisional data available on the NSE.

US dollar

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.02% at 98.60. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.37% to close at 94.55 to the dollar on April 28.

Top sectors in Tuesday’s trade

The Beverages – Non-Alcoholic sector’s stocks rose the most in Tuesday's trade, rising 5.8% in market capitalisation. Further, Metals – Non Ferrous stocks were followed by the Consumer Durables sector stocks, which were further followed by the Diagnostics stocks. However, the Small Finance sector stocks fell the most, declining 0.8%.

Best and worst performing business groups

The Future Group's market cap rose the most in Tuesday's session, rising 5.8%. It was followed by the Kirloskars Group. In the list of Future Group stocks, Praxis Home Retail's share surged 10%. Apart from that, Shriram Group's market capitalisation fell the most, falling 3.2%.

Report by Financial Express

No comments:

Trade Cycles

The four important features of Trade Cycle are (i) Recovery, (ii) Boom, (iii) Recession, and (iv) Depression!

The trades cycle or business cycle are cyclical fluctuations of an economy. A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression. The upward phase of a trade cycle or prosperity is divided into two stages—recovery and boom, and the downward phase of a trade cycle is also divided into two stages—recession and depression.

Phases of Trade Cycle:

The phases of trade cycle are explained with a diagram:

(1) Recovery:

In the early period of recovery, entrepreneurs increase the level of investment which in turn increases employment and income. Employment increases purchasing power and this leads to an increase in demand for consumer goods.

As a result, demand for goods will press upon their supply and it shall, thereby, lead to a rise in prices. The demand for consumer’s goods shall encourage the demand for producer’s goods.

The rise in prices shall depend upon the gestation period of investment. The longer the period of investment, the higher shall be the price rise. The rise of prices shall bring about a change in the distribution of income. Rent, wages, interest do not rise in the same proportion as prices.

Consequently, the margin of profit improves. The wholesale prices rise more than retail prices. The prices of raw materials rise more than the prices of semi-finished goods and the prices of semi-finished goods use more than the prices of finished goods.

(2) Boom:

The rate of investment increases still further. Owing to the spread of a wave of optimism in business, the level of production increases and the boom gathers momentum. More investment is possible only through credit creation. During a period of boom, the economy surpasses the level of full employment and enters a stage of over full employment.

(3) Recession:

The orders for raw materials are reduced on the onset of a recession. The rate of investment in producers’ goods industries and housing construction declines. Liquidity preference rises in society and owing to a contraction of money supply, the prices falls. A wave of pessimism spreads in business and those markets which were sometime before sellers markets become buyer’s markets now.

(4) Depression:

The main feature of a depression is a general fall in economic activity. Production, employment and income decline. The prices fall and the main factor responsible for it is, a fall in the purchasing power.

The distribution of national income changes. As the costs are rigid in nature, the margin of profit declines. Machines are not used to their full capacity in factories, because effective demand is much less. The prices of finished goods fall less than the prices of raw materials.

✳Reality Tips to Traders

1)Trading in the stock market is a marathon. 2)Protecting your capital is key. (Learn to protect first) 3)Making 0 on the day is better than losing 50k 4)Losses happen; they are part of this business. 5)It’s not you vs. the market. It’s you VS you. 6)You are your biggest enemy; learn to be mentally disciplined. 7)Don’t follow the majority; follow the correct path. 8)Traders without a stop loss end up not being traders for long. 9)There is always another trade. 10)The big money is made waiting for the right set-ups. 11)Waiting for the right trade is the most powerful strategy. 12)It is better to cut a loss than to wait to be proven right. 13)Position sizing can make or break you. 14)Worry about the downside before you even think about the upside. 15)Don’t listen to headlines

..BANKING TERMINOLOGY

There are various types of Banks: PSU Banks, Private Banks, Co-operative/Regional Banks, Small Finance Banks and Foreign Banks. When you deposit money in a bank, let's say the bank gives you an interest rate of 4%. But when the bank lends out this money, they lend it out at say, 12%. The difference of 8% in the above scenario is effectively the profit of the bank! The loans that do not pay interest for 90 days are known as Non-performing Assets. Banks have to provide for such bad loans. Structure of a Bank Asset for a Bank: The asset portion of a bank's capital includes cash, government securities, and interest-earning loans (e.g., mortgages, letters of credit, and inter-bank loans). Liabilities for a Bank: The bank's main liabilities are its capital (including cash reserves and, often, subordinated debt) and deposits. The latter may be from domestic or foreign sources (corporations and firms, private individuals, other banks, and even governments). Banks are required to maintain Liquidity with the Reserve Bank of India: SLR (Statutory Liquidity Ratio): It is the money a bank needs to preserve in the form of cash, gold or government Bonds before providing credit customers. This limitation is added by RBI on banks to make funds available to customers on-demand at your earliest convenience. Banks are required to maintain SLR at 18%. CRR (Cash Reserve Ratio): Banks are required to hold a certain proportion of their deposits in the form of cash. Banks don’t hold these as cash with themselves, but deposit such amounts with RBI / currency chests. CRR rate is at 4.5% currently. Repo Rate: The rate at which the RBI lends short-term money to the banks. The RBI through its Monetary Policy committee changes the repo rate to balance growth and Inflation. Reverse Repo rate: The rate at which banks park their short-term excess liquidity with the RBI. Now let us understand various terminologies for Banks Net Interest Income (NII): This is the spread the bank makes on its lending. It is calculated as Interest Income – Interest Expended Net Interest Margin (NIM): This is the spread the bank makes on its lending. It is the earning which is left after deducting the cost paid to depositors from its yields on Loans. This is denoted in % terms. The formula is Yield on Loans – Cost of funds Capital Adequacy Ratio (CAR): The capital adequacy ratio (CAR) is a measure of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures. Essentially, it is the Capital that is available to lend. Tier I Capital – In simple words this capital is freely available with the bank to lend out. Tier II Capital- This is the capital tied up somewhere and is less freely available to lend. In case of an adverse event, the bank can use this capital to lend. Under Basel III norms, a bank’s tier 1+tier 2 capital must be a minimum of 8% of its risk-weighted holdings. The minimum capital adequacy ratio, also including the capital conservation buffer, is 10.5%. Current Account Saving Account (CASA)- There is no interest paid on the Current Account and a small interest rate is paid on a savings account. The combination of both is called CASA which shows the liabilities of the bank on which it pays relatively less interest. Deposits: Bank deposits are a savings product that customers can use to hold an amount of money at a bank for a specified length of time. In return, the financial institution will pay the customer the relevant amount of interest, based on how much they choose to deposit and for how long. Now let us come to NPA. Gross NPA (GNPA): It is the total loans on which no payment has been paid for 90 days or more. GNPA % is usually shown in each Bank’s quarterly results. The percentage is basically the GNPA amount as a % of the total advances. Slippages: Slippages denote the fresh amount of loans that have turned bad in a year. The slippage ratio of a bank is calculated as Fresh accretion of NPAs during the year /Total standard assets at the beginning of the year multiplied by 100. Provisioning Coverage Ratio (PCR): This is the ratio of provisioning to GNPA and indicates the extent of funds a bank has kept aside to cover loan losses. For Instance, a company has GNPAs of Rs 100 and they have set aside 50 Rs, then the PCR is 50%. Net NPA (NNPA): The total figure left after deducting provisions made for bad loans from GNPA. (GNPA – Provisions+upgrades/writeoffs = NNPA) Special Mention Account (SMA) SMA-0 is a category in which stress with respect to the principal and interest has remained overdue for a period of 0 to 30 days. SMA-1 is a category in which stress with respect to the principal and interest has remained overdue for a period of 30-60 days. SMA-2 is a category in which stress with respect to the principal and interest has remained overdue for a period of 60-90 days

..... . VALI disclosures . .....

Pages

logo

Wednesday, April 29, 2026

29/04/26, Flat starting ahead for today

No comments:

Today's

29/04/26, Gold Price

.

Translate