admin Equities rose as a jump in jobless claims reinforced bets on Fed policy easing — and extended gains after a $25 billion sale of 30-year bonds saw decent demand. The S&P 500 topped 5,200 — though trading volume was 20% below the average of the past 30 days. Gains in stocks have also been attributed … Read more
When you are given a loan’s pre-approval, it usually has a minimal impact on your CIBIL score. This happens because it leads to a soft inquiry rather than a hard inquiry. In other words, loan pre-approval does not influence your CIBIL score in any significant way. Let us understand what is a soft inquiry. Pre-approval … Read more
Amid steep volatility, expiring weekly index options and foreign investor selling, the bellwether Nifty plunged 1.55% to 21,957.5, its biggest single-day fall since 17 January, while the Sensex fell 1.45% or 1,062 points to 72,404.17, its worst since 23 January. Nifty’s top five losers alone accounted for almost three-fifths of the index’s 345-point fall. Foreign … Read more
Maintaining a healthy credit score is vital for financial stability. There are numerous factors responsible for a healthy credit score such as length of credit history and credit utilisation ratio. Additionally, if you are struggling to make payments, consider reaching out to your creditors to discuss alternative payment arrangements or hardship programs. Your bank may … Read more
Shares of gold financing companies – Muthoot Finance, and Manappuram Finance – were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the Income Tax Act regarding cash … Read more
The Capital markets regulator Securities and Exchange Board of India (Sebi) has recently issued a master circular for all registered registrars to an issue and share transfer agents (RTAs). The circular stipulates numerous details ranging from registration to responsibilities, transfer related matters, investor grievance redressal, investor charter, cyber security, and role of RTAs with respect … Read more
Defence stocks Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) shares gained over 2% in early trade on Thursday after foreign brokerage Nomura initiated coverage on these stocks. HAL share price rose up to 2.45%, while BEL share price gained as much as 2.78%. Nomura believes India’s defence sector is witnessing significant growth driven by increasing … Read more
CIBIL scores reflect your creditworthiness based on your credit history. Banks use this score as one of the key factors in their decision-making process at the time of assessing your loan application. While a high CIBIL score shows that you have a good credit history and are likely to repay your loans on time, banks … Read more
Gold prices on Wednesday saw a slight decline thanks to a strong dollar exerting pressure on prices. Investors remained cautious, awaiting US data to glean insights into potential rate cuts by the Federal Reserve. At 1335 GMT, spot gold experienced a slight decline of 0.19 per cent, reaching $2,309.29 per ounce. Simultaneously, US gold futures … Read more
While CIBIL primarily deals with credit information of account holders, it does not directly handle disputes related to fraudulent charges. However, if anything of this sort comes to the fore, it is recommended to place a fraud alert or credit freeze on your credit report with CIBIL. This makes it quite cumbersome for fraudsters to … Read more