JUSTO: CO ANNOUNCES NEW RESIDENTIAL AND COMMERCIAL BUSINESS WINS OF APPROXIMATELY RS 166 CRORE; CO MCAP RS 190 CR - SME
NDTV PROFIT- Dealing Buzz
KALYAN JEWELLERS: Buzz of some block deal 🔴
NETWORK PEOPLE (NPST ) ; Buy flows on large HNI desk , Global company might look to buyout promoter stake
PATANJALI FOODS:Buzz of potential clean out trade by Fll investor 🟢
ATHER , KAYNES ; Dealers asking clients to buy Ather and sell Kaynes 🟢
PNB HOUSING: Large DII buying for second straight session
KALYAN JEWELLERS: Buzz of some block deal 🔴
NETWORK PEOPLE (NPST ) ; Buy flows on large HNI desk , Global company might look to buyout promoter stake
PATANJALI FOODS:Buzz of potential clean out trade by Fll investor 🟢
ATHER , KAYNES ; Dealers asking clients to buy Ather and sell Kaynes 🟢
PNB HOUSING: Large DII buying for second straight session
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CABINET MEET OUTCOME
Raises wage cap to avail Employees Pension Plan to ₹25,000
Raises wage cap to avail Employees Provident Fund to ₹25,000
Raises EPF wage ceiling to ₹25,000 from existing ₹15,000
To spend 11,300 cr more on new cap to avail Employee Provident Fund
Raises wage cap to avail Employees Pension Plan to ₹25,000
Raises wage cap to avail Employees Provident Fund to ₹25,000
Raises EPF wage ceiling to ₹25,000 from existing ₹15,000
To spend 11,300 cr more on new cap to avail Employee Provident Fund
JUNIPER HOTELS LTD: CO. APPROVES ACQUISITION OF NOVOTEL IMAGICAA FOR ₹248 CRORES (IMAGICAAWORLD ENTERTAINMENT)
TATA SONS BOARD MEET TOMORROW IN MUMBAI; REQUEST TO RECONSIDER N CHANDRA'S DECISION - TV
DIGILOGIC SYSTEMS: CO RECEIVES ₹2.40CR MINISTRY OF DEFENCE ORDER FOR ATE TESTING OF ONBOARD ELECTRONIC SYSTEMS
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TRADERS NO LONGER FULLY PRICE FOUR QUARTER-POINT BANK OF ENGLAND RATE HIKES
MANGAL ELECTRICAL INDUSTRIES: CO APPOINTS ROHIT POKHARNA AS CHIEF FINANCIAL OFFICER
US CORE RETAIL SALES (MOM) (AUG) ACTUAL: 1.4% VS -0.3% PREVIOUS; EST 0.6%
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BREAKING: US INTEREST RATE DECISION ACTUAL 4% (FORECAST 4%, PREVIOUS 3.75%)
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FED SAYS PRODUCTIVITY GROWTH IS STRONG AND CAPITAL INVESTMENT IS ROBUST, ADDING THAT THE COMMITTEE 'WILL DELIVER PRICE STABILITY'.
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FED SAYS ECONOMIC ACTIVITY IS EXPANDING AT A SOLID PACE, DOMESTIC SPENDING HAS BEEN RESILIENT DESPITE ELEVATED UNCERTAINTY, JOB GAINS HAVE KEPT PACE WITH THE WORKFORCE, AND INFLATION REMAINS ELEVATED — DROPPING ITS EARLIER DESCRIPTION OF THAT OWING IN PART TO SUPPLY SHOCKS.
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FED OFFICIALS RAISE THEIR MEDIAN FED FUNDS RATE FORECAST TO 4.1% AT END-2026, 4.1% AT END-2027 AND 3.9% AT END-2028, UP FROM 3.8%, 3.6% AND 3.4%, RESPECTIVELY.
FED POLICYMAKERS SEE 2026 PCE INFLATION AT 3.7%, CORE PCE AT 3.4%, GDP GROWTH AT 2.3% AND UNEMPLOYMENT AT 4.1%, WHILE 12 OF 18 OFFICIALS EXPECT ONE MORE 25-BASIS-POINT HIKE THIS YEAR.
FED POLICYMAKERS SEE 2026 PCE INFLATION AT 3.7%, CORE PCE AT 3.4%, GDP GROWTH AT 2.3% AND UNEMPLOYMENT AT 4.1%, WHILE 12 OF 18 OFFICIALS EXPECT ONE MORE 25-BASIS-POINT HIKE THIS YEAR.
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US HOUSE FOREIGN AFFAIRS RANKING MEMBER MEEKS SAYS HE WILL BLOCK PROPOSED $2.8B ISRAEL BOMB SALE - SOURCES
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WARSH: TOO MANY INF. CATEGORIES ARE STILL RISING MORE THAN 3%
WARSH: PREDOMINANT FOCUS OF FED IS ON PRICE STABILITY
WARSH: PREDOMINANT FOCUS OF FED IS ON PRICE STABILITY
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FED CHAIR WARSH — KEY TAKEAWAYS
• FED RAISED RATES 25 BPS, WITH WARSH SAYING INFLATION IS TOO HIGH AND HAS BEEN FOR TOO LONG.
• WARSH: INFLATION REMAINS ELEVATED, AND SUMMER DATA DOES NOT SHOW A MEANINGFUL IMPROVEMENT.
• TOO MANY INFLATION CATEGORIES ARE STILL RUNNING ABOVE 3% ON BOTH 6-MONTH AND 12-MONTH MEASURES.
• FED'S PREDOMINANT FOCUS IS INFLATION; UNDERLYING INFLATION HAS NOT YET MET THE TEST FOR A TIMELY RETURN TO 2%.
• WARSH: THE US ECONOMY HAS STRENGTHENED OVER THE SEVEN WEEKS SINCE THE LAST MEETING.
• WARSH DESCRIBED THE ECONOMY AS RESILIENT, WITH KEY ECONOMIC MARKERS IMPROVING IN RECENT MONTHS.
• LABOR MARKET REMAINS STRONG — JOBLESS RATE LOW, JOB OPENINGS AND HOURS INCREASING.
• WARSH: THE US IS MORE OR LESS AT FULL EMPLOYMENT.
• WARSH SAID THE FED DOES NOT NEED TO HARM THE JOB MARKET TO ACHIEVE ITS PRICE-STABILITY OBJECTIVE.
• FED OFFICIALS WIDELY AGREED THAT FINANCIAL CONDITIONS ARE NOT RESTRICTIVE.
• THE FED DECIDED TO REMOVE A DOSE OF POLICY ACCOMMODATION WITH TODAY'S RATE HIKE.
• WARSH IDENTIFIED THREE REASONS FOR HIGHER BOND YIELDS:
1. ECONOMIC STRENGTH
2. INTENSE COMPETITION FOR CAPITAL AS CAPEX SURGES
3. GEOPOLITICAL RISKS
• WARSH: PRICE STABILITY IS FOUNDATIONAL TO ECONOMIC GROWTH AND TODAY'S MOVE WAS A STEP TOWARD ACHIEVING IT.
• WARSH SAID THE FED WILL FOCUS ON BROADER TRENDS RATHER THAN INDIVIDUAL DATA POINTS, INCLUDING CPI.
• WARSH DID NOT PREJUDGE FUTURE RATE DECISIONS, SIGNALING THAT POLICY WILL REMAIN DATA-DEPENDENT.
• TRADERS INCREASED BETS ON TWO MORE FED RATE HIKES BY YEAR-END.
• WARSH ALSO SAID THE FED MUST REMAIN INDEPENDENT, ADDING THAT “INDEPENDENCE IS A TWO-WAY STREET.”
• KEY TAKEAWAY: THE FED IS CLEARLY PRIORITIZING INFLATION CONTROL, WHILE A STRONG ECONOMY AND RESILIENT LABOR MARKET GIVE POLICYMAKERS ROOM TO KEEP FINANCIAL CONDITIONS TIGHTER.
• FED RAISED RATES 25 BPS, WITH WARSH SAYING INFLATION IS TOO HIGH AND HAS BEEN FOR TOO LONG.
• WARSH: INFLATION REMAINS ELEVATED, AND SUMMER DATA DOES NOT SHOW A MEANINGFUL IMPROVEMENT.
• TOO MANY INFLATION CATEGORIES ARE STILL RUNNING ABOVE 3% ON BOTH 6-MONTH AND 12-MONTH MEASURES.
• FED'S PREDOMINANT FOCUS IS INFLATION; UNDERLYING INFLATION HAS NOT YET MET THE TEST FOR A TIMELY RETURN TO 2%.
• WARSH: THE US ECONOMY HAS STRENGTHENED OVER THE SEVEN WEEKS SINCE THE LAST MEETING.
• WARSH DESCRIBED THE ECONOMY AS RESILIENT, WITH KEY ECONOMIC MARKERS IMPROVING IN RECENT MONTHS.
• LABOR MARKET REMAINS STRONG — JOBLESS RATE LOW, JOB OPENINGS AND HOURS INCREASING.
• WARSH: THE US IS MORE OR LESS AT FULL EMPLOYMENT.
• WARSH SAID THE FED DOES NOT NEED TO HARM THE JOB MARKET TO ACHIEVE ITS PRICE-STABILITY OBJECTIVE.
• FED OFFICIALS WIDELY AGREED THAT FINANCIAL CONDITIONS ARE NOT RESTRICTIVE.
• THE FED DECIDED TO REMOVE A DOSE OF POLICY ACCOMMODATION WITH TODAY'S RATE HIKE.
• WARSH IDENTIFIED THREE REASONS FOR HIGHER BOND YIELDS:
1. ECONOMIC STRENGTH
2. INTENSE COMPETITION FOR CAPITAL AS CAPEX SURGES
3. GEOPOLITICAL RISKS
• WARSH: PRICE STABILITY IS FOUNDATIONAL TO ECONOMIC GROWTH AND TODAY'S MOVE WAS A STEP TOWARD ACHIEVING IT.
• WARSH SAID THE FED WILL FOCUS ON BROADER TRENDS RATHER THAN INDIVIDUAL DATA POINTS, INCLUDING CPI.
• WARSH DID NOT PREJUDGE FUTURE RATE DECISIONS, SIGNALING THAT POLICY WILL REMAIN DATA-DEPENDENT.
• TRADERS INCREASED BETS ON TWO MORE FED RATE HIKES BY YEAR-END.
• WARSH ALSO SAID THE FED MUST REMAIN INDEPENDENT, ADDING THAT “INDEPENDENCE IS A TWO-WAY STREET.”
• KEY TAKEAWAY: THE FED IS CLEARLY PRIORITIZING INFLATION CONTROL, WHILE A STRONG ECONOMY AND RESILIENT LABOR MARKET GIVE POLICYMAKERS ROOM TO KEEP FINANCIAL CONDITIONS TIGHTER.
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