Derivatives market: Derivatives market hints at rate cuts from January The Economic Times

The momentum oscillator RSI readings on the daily charts reached 70 and are now in the overbought zone. The short-term uptrend of Nifty remains intact with the market expected to reach the next resistance of 18,200-18,300 levels in the next week. The Open Interest data of Nifty indicates the Nifty Index still has a lot of open interest at the straddle level, so a runaway rally may not take place from here. A decline in OIS rates typically reflects expectations of easier financial conditions while a rise signals conviction that interest rates are headed north.

• “Markets have already factored in 35 basis points hike by the RBI on Friday, and expectations of not many hikes after this one has led to strong receiving interest in swaps, especially the five-year part,” another trader said.
• “Apart from local factors, swaps also consider global developments, and in the U.S., people are expecting rate cuts to begin in the next few months,” said Upadhyay.
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Some economists also expect inflation to have peaked and growth to falter, forcing the RBI to pivot soon. Since early March, the one-year swap has eased 60 bps and the five-year OIS has eased nearly 70 bps. Please note that by submitting the above mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND. Please note that by submitting the above-mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND.

Market stress indicators flash warnings as banking worries continue

A floating focusing system maintains sharpness and clarity throughout the focusing range, from 1.5′ to infinity. The OIS curve is now the steepest in more than 11 years — a clear-cut sign that the market is bracing for imminent and continued normalisation of the monetary policy. “Markets have already factored in 35 basis points hike by the RBI on Friday, and expectations of not many hikes after this one has led to strong receiving interest in swaps, especially the five-year part,” another trader said. China will be the first country to get the Redmi K60 series on December 27. The company has confirmed that the design of its new top-of-the-line phones will be completely different.

The prices of this company have been sliding lower since the start of this year. The price has given a symmetrical triangle breakout by surpassing the upper trendline resistance, which suggests a sharp upside in the price in the short term. Nifty crossed the 18,000 mark and formed a green candle with minor lower shadow, indicating a continuation of upside momentum.

Canon EOS 200D Mark II Camera With EF-S 18-55mm F4-5.6 IS STM Lens

The aspherical lens elements are controlled at high precision to reduce field curvature and spherical aberration, resulting in an advanced level of image sharpness across the frame. By using an ED aspherical lens as a OIS lens, aberration fluctuation due to image stabilization is suppressed. In addition, This lens has a minimum focusing distance of 35 cm close-up photography over the entire zoom range. The Reserve Bank of India is predicted to maintain its interest rates until the end of the fiscal year, according to a recent Reuters poll of economists. Despite inflation remaining at the top end of the 2-6% tolerance range, most of the 51 participating economists do not expect the RBI to increase rates again in 2023.

The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued. The lens body incorporates 20 distinct weather seals to protect against dust and moisture, and to enable worry-free use in inclement conditions and freezing temperatures as low as 14°F. Two extra-low dispersion elements are used to greatly reduce color fringing and chromatic aberrations in order to produce high clarity and color fidelity throughout the zoom range. All-in-one zoom is designed for APS-C-format Fujifilm X-mount mirrorless cameras and offers a mm equivalent focal length range. Telephoto prime lens offers a 95mm equivalent focal length that is well-suited to working with close-up subjects at a comfortable range. The trend-following indicator, MACD, has formed a bearish crossover and is sustaining below its zero line.

On forward premiums, the trader said the governor’s comments were unlikely to arrest the downside momentum. The 1-year USD/INR implied yield is hovering near its lowest level in a decade. Redmi Note 12 Pro and Redmi Note 12 Pro Plus were recently released, and they are expected to go worldwide with the same specifications. The company claims that it is the most environmentally friendly smartphone ever released. German engineering major Siemens is recording perhaps its best growth ever in India. The oldest multinational corporation in the country has been aggressively bidding for, and winning, contracts across segments, the latest being one for ₹26,000 crore from the Indian Railways.

The phone comes with enviable features like a triple camera, a 5000mAh battery, etc. Nomura expects India’s annual retail inflation to average 4.9% in the current financial year, sharply below 6.7% in fiscal 2023. It also sees growth at 5.3%, sharply below the central bank’s estimates of 6.5%.

For about two years now, the reverse repo rate has dictated cost of funds for money markets because of the huge surplus of liquidity that the RBI has maintained in the banking system. OIS are derivative products that count the sovereign bond market as their underlying. While the OIS was originally envisioned as products to hedge exposure to government bonds, over time swaps have evolved into a tool to assess the direction of broader policy rates. The lens consists of 16 elements in 12 groups, including three aspherical lens elements and one ED aspherical lens.

OIS

Furthermore, disappointing inflation numbers from the UK and Eurozone added to the bearish sentiment. If the index breaks the crucial resistance level of 17700, it could suggest a potential uptrend. The Indian equities market declined for the third straight session due to IT and banking stocks while Nifty settled near the 17,600 level. The top-performing stocks from the Nifty pack were Divis Labs, BPCL, Bajaj Auto, Axis Bank, and M&M. The risk of a downgrade in the corporate earnings forecast was cited as the prominent market fluctuation.

• The trend-following indicator, MACD, has formed a bearish crossover and is sustaining below its zero line.
• The optical design incorporates three extra-low dispersion elements to reduce chromatic aberrations and color fringing throughout the aperture and focusing ranges for notable clarity and color fidelity.
• Oil States International Inc operates in the Energy sector, specifically in the Oil & Gas Equipment & Services industry.
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View the OIS premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Oil States International Inc real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the OIS quote.

A logistic stock getting ready to make an up move and sideways option in one of India’s biggest wealth creator

The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. The price-to-book ratio is a company’s current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. Market cap or market capitalization is the total market value of all of a company’s outstanding shares.

The breakout in price is supported by a rise in volume, which increases the reliability of the breakout. Unlike the bond market, which is heavily influenced by demand-supply dynamics determined by the government’s borrowing requirements, OIS traders freely express views on where the cost of funds in the banking system is likely to head. “Accounting for risk premia, the OIS market is betting that rate cuts could start around January; there is a strong view of rate cuts in Jan-March,” said Vikas Goel, CEO and MD, PNB Gilts. OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory. A linear motor autofocus system, coupled with an internal focusing design, delivers smooth, near-silent performance that is especially beneficial to video applications and when working in noise-sensitive areas. The price of this company has been moving in an uptrend since October 2022 and has risen sharply by 11% over the last fortnight.

Before that, the RBI had delivered six consecutive hikes of an aggregate of 250 bps in fiscal 2023. The price of this mining company was consolidating between Rs 229 and Rs 206 since December 2022. Now the price has given a range breakout by rising above the upper-trendline resistance. This breakout is accompanied by a rise in volume, which increases the reliability of the breakout. The latest candle formed is a bullish Marubozu, which suggests that the buying intensity is on the rise. The price of this company has been sliding lower since topping out in November last year.

India’s overnight indexed swap rates suggest the Reserve Bank of India will cut interest rates towards the end of 2023. ICICI Securities Primary Dealership senior economist Abhishek Upadhyay said the swaps market was also pricing in the same. Nomura economists said they expected consensual cuts in the October-March period of 75 basis points, after the RBI halted its policy of sixeenth rate hikes totaling 250 basis points in fiscal 2023. Oil States International, Inc., through its subsidiaries, provides specialty products and services to oil and natural gas related companies worldwide. It operates through two segments, Offshore Products and Well Site Services. The Well Site Services segment offers a range of products and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.

Hindustan Unilever reported a 10% rise in profit and an 11% growth in sales in the March quarter, saying the rural slowdown is bottoming out but price reductions to boost demand can only happen once inflation slows further. Even with the RBI Governor specifying that the current rate action was just a pause and not a pivot, market participants are considering this as an end to the rate hike cycle. The more liquid, one-year swap rate plunged 27 bps to 6.53%, while the five-year OIS rate dropped 21 bps in the same period and was trading at 6.05%. The two-year swap rate dropped 25 basis points to 6.15% since Wednesday’s close, which is also its lowest level in eight months. If you are investing from India, you can always check the valuation in the INR before investing.

Meanwhile, on Thursday, investors will be examining the impact of the recent banking crisis on the US economy, as the Federal Reserve’s “Beige Book” report will be published. Overnight indexed swap rates, used to hedge interest-rate risks in Asia’s third-biggest economy, are already pricing in policy rate cuts starting January, traders said. However, such reductions could even be advanced should global rates begin to head south this summer. India’s overnight indexed swap rates are pricing in interest rate cuts by the Reserve Bank of India with a clear timeline after the central bank kept rates unchanged last week, analysts said. Oil States International Inc share price live 7.040, this page displays NYSE OIS stock exchange data.

While around 16% predicted a possible 25 basis point hike to 6.75% by year-end, experts think that domestic growth-inflation dynamics may not provide the necessary room for such a cut. As such, most predicted that India would see policy rates remain “higher for longer. As one goes further down the swap curve, expectations of rate cuts begin to be expressed much more aggressively – the one-year swap settled at 6.59% on Tuesday, while the two-year swap was at 6.20%. These show expectations of the repo rate being lowered by around 25 basis points over a one-year period and a further 25 bps over the next year. The optical design incorporates three extra-low dispersion elements to reduce chromatic aberrations and color fringing throughout the aperture and focusing ranges for notable clarity and color fidelity.

It how dependable is using the moving average a Bearish engulfing candle on the weekly time frame and negated higher lows formation of the last three weeks,” he said. The iPhone 14 and iPhone 14 Plus are now about Rs 15,000 cheaper on Flipkart. Additionally, the Flipkart Axis Bank Credit Card offers an unlimited 5% cash back. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Oil States International Inc operates in the Energy sector, specifically in the Oil & Gas Equipment & Services industry. Yes, Indian Investors can invest in the Oil States International Inc Share by opening an international trading account with Angel One.

Investors may please refer to the Exchange’s Frequently Asked Questions issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. Pay 20% or “var + elm” whichever is higher as upfront margin of the transaction value to trade in cash market segment. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. The market capitalization of Oil States International Inc on April 27, 2023, is $451.33 M. The account activation takes a few minutes to a few hours, after which you can start buying Oil States International Inc by making deposits in US dollars. By Davit Kirakosyan Insider buying and selling activities are important for investors to pay attention to.

The https://1investing.in/‘s manufactured products include highly engineered capital equipment, as well as products consumed in the drilling, well construction and production of oil and natural gas. Offshore/Manufactured Products segment provides products and services to customers in the various offshore crude oil and natural gas producing regions of the world. Well Site Services segment includes a range of equipment and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. Downhole Technologies segment is comprised of the GEODynamics business and provides oil and gas perforation systems, downhole tools and services in support of completion, intervention, wireline and well abandonment operations. Indian markets experienced a volatile week as bears maintained control throughout. Weak quarterly earnings from TCS and Infosys, along with a bleak outlook for FY24, had a significant impact on the market, particularly on the Nifty IT sector.