As investors’ concerns about an impending economic slump subsided and their attention turned to the Jackson Hole Economic Symposium the following week, U.S. stocks ended higher on Friday, maintaining their largest weekly percentage gains of the year. The S&P 500 and the Nasdaq saw gains for the seventh straight day as equities recovered from two … Read more
August 16: Vedanta Ltd, led by Anil Agarwal, said that it would exercise the greenshoe option in the current offer for sale (OFS) for an additional 0.29 per cent stake sale in Hindustan Zinc Ltd (HZL). Concerning more than 1.21 crore equity shares, or 0.29 per cent of the firm’s total issued and paid-up equity … Read more
The share price of well-known gold jewellery designer Sky Gold has soared by 771 per cent in the last year, making it an exceptional performer on the stock market. Brokerage company Nuvama is still positive on the stock despite this significant increase and is forecasting an additional 44 per cent upside. A “Buy” call has … Read more
In recent months, the Indian market has become more and more hot as strong performance across a range of sizes and industries has driven stock prices higher. Domestic brokerage Kotak Institutional Equities noted in its most recent research that a robust macroeconomic environment, positive earnings outlook, and ebullient attitude among non-institutional investors—who tend to be … Read more
Investment-related industries and PSUs were categorized by the brokerage as trading at “frothy” prices. The market’s assumption of a persistently robust investment cycle has caused the multiples for these industries to rocket to unprecedented heights. Faith in various “narratives” surrounding PSU equities, which we find difficult to understand in light of the astounding revenue and … Read more
On Friday, the Securities and Exchange Board of India (SEBI) suggested revisions to reduce the compliance burden for companies that list non-convertible debentures (NCDs). The entities in the financial sector will find it easier to comply with this change. This action is consistent with what the government said in the FY 2023–2024 Budget: “To simplify, … Read more
An in-line US inflation report did little to change betting that the Federal Reserve will begin reducing rates in September, and stocks rebounded. The S&P 500 continued to rise for a fifth day in a row, marking the longest winning run in over a month. Most of its key categories benefited, with shares in the … Read more
Investors anticipated that the return of billionaire William Ackman as a stakeholder would lead to a turnaround at the sportswear behemoth, which has been struggling with strategic errors and fierce competition. As a result, Nike shares increased by almost 4% on Thursday. According to a filing on Wednesday, Ackman’s hedge fund Pershing Square Capital Management … Read more
Wall Street’s primary indexes ended Thursday’s trading day higher, with the Nasdaq jumping over 2% following robust consumer spending statistics from July U.S. retail sales, which allayed concerns about an impending recession in the largest economy in the world. Consumer discretionary (.SPLRCD), opens new tab, and information technology (.SPLRCT) were the top three performing S&P … Read more
Positive risk sentiment from Wall Street flowed over into Asia markets, which were headed for a weeklong rise on Friday. The dollar and U.S. Treasury yields held firm, while Japan’s benchmark Nikkei was on track for its best week in more than four years. The market turbulence of the previous week has given way to … Read more
