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Nomura suggests the RBI might replace the unsecured WACR with a secured rate like TREPS or SORR to enhance monetary policy transmission, aligning with global practices. Secured repo markets have grown significantly, while call money market volumes remain stagnant. This shift would necessitate more active liquidity management by the RBI, especially concerning mutual funds' access to standing facilities.
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News and Media
Anthem Biosciences, a CRDMO, is set to launch an IPO to raise 3,395 crore, diluting the promoter group's stake. While revenue and profit have increased, the company faces geographical and client concentration risks. Despite a high P/E ratio compared to peers, investors with a high-risk tolerance may find the IPO appealing.
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News and Media
Last week, the Nifty fell below key averages, prompting a cautious short-term outlook due to global weakness and disappointing earnings. Analysts suggest 25,000 is a crucial support level, with a rebound needing to reclaim 25,400. FMCG, power, insurance, and railway stocks are exhibiting relative strength, offering potential opportunities amidst the market uncertainty.
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News and Media
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