Market pulse › HSBC
Today1 story · 4 articles
Net tone● ±0% today
Market checkPB Fintech −3.4%
Developing2 storylines
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Expansion● mixedHSBC targets affluent Indian clients, intensifying competition with local banksHSBC is stepping up its India push to drive growth among affluent clientsICICI BankBanksKotak Mahindra Bank
Market move● mixedFinancial Services Roundup: Market TalkRoundup covers Societe Generale, BBVA and Prudential PLCGlobal marketsStock exchangesStockbrokers
Deal▲ bullishGoldman Sachs buys stake in Firstcry brand parent owner Brainbees Solutions | Check price, quantity tradedGoldman Sachs bought 68 lakh Brainbees Solutions shares at ₹175 eachBrainbees SolutionsStartup fundingMorgan Stanley
Broker call▼ bearishAnalysts cut PB Fintech price targets amid insurance distribution concernsHSBC and Motilal Oswal cut price targets by nearly 50%PB FintechInsurance distributionInsurance
Market move● mixedEdelweiss Mid Cap among 5 midcap funds that delivered over 21% CAGR in 3 years. Do you own any?Five midcap funds delivered annualised returns of 18% or more over three yearsSmall and midcapsMutual fundsEdelweiss Financial Services
Expansion● mixedHSBC plans to re-enter India’s stockbroking market after 13 yearsHSBC aims to launch its broking business in the next few monthsStockbrokersRetailStock exchanges
Policy▼ bearishInsurance stocks fall as much as 34% after IRDAI distribution proposalsPB Fintech and Turtlemint shares fell up to 34% after IRDAI's consultation paperIRDAIInsurance distributionPB Fintech
Market move● mixedUK banks complete first interbank transactions using tokenised depositsBarclays, NatWest and HSBC tested tokenised deposits for remortgages and marketplace paymentsUnited KingdomFintech and paymentsBanks