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 was on track for its longest winning streak in over a month as it approached its fifth straight day of gains. The majority of its significant factions progressed, with … Read more
The likelihood of a coming downturn is increasing according to financial markets, following the wild ride through the markets last week that temporarily sent tremors through Wall Street. It’s still a remote possibility. But according to models from Goldman Sachs Group Inc. and JPMorgan Chase & Co., based on signals in the US bond market … Read more
Brainbees Solutions, the parent company of FirstCry, a brand of infant items, and Unicommerce eSolutions, a provider of e-commerce solutions, made impressive market debuts on Tuesday. FirstCry’s stock price surged 46%, increasing the Supam Maheshwari-led company’s market value to Rs 35,214 crore, while the stock price of Unicommerce, managed by Kunal Bahl, nearly doubled. It’s … Read more
On August 14, 2024, Indus Towers Limited, a prominent participant in the Indian telecom infrastructure market, would begin its share repurchase initiative. The program will end on August 21, 2024, to repurchase up to 56.77 million equity shares at a cost of ₹465 a share. At 12:55 p.m. on August 13, the share price of … Read more
Tuesday’s gains in U.S. indices saw them close at a nearly two-week high, as lower producer pricing data supported expectations of a Federal Reserve interest rate drop in September. Because less expensive services offset an increase in the cost of products, U.S. producer prices rose less than anticipated in July, suggesting that inflation remained mild. … Read more
IndusInd International Holdings, the business owned by Hinduja Grue, has deposited Rs 2,700 crore to purchase Reliance Capital per the directives of the National business Law Tribunal (NCLT). As part of Reliance Capital’s current insolvency procedure, the money has been deposited in an escrow account, according to people familiar with the situation who spoke with … Read more
On Monday, August 12, the National Stock Exchange (NSE) prohibited trading in fifteen equities in the futures and options (F&O) segment due to their surpassing 95% of the market-wide position limit (MWPL). These equities will, nevertheless, be traded on the cash market. Every day, the NSE updates the list of securities that are prohibited from … Read more
In today’s trading, Adani Group stocks fell sharply following significant accusations made against SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, by US-based short seller Hindenburg. The claims caused only minor drops in the Adani Group equities, therefore the market did not react aggressively to them. The market’s reaction to Hindenburg’s initial accusations … Read more
According to announcements released Monday by the fund and the companies, BHP, Rio Tinto, and Qantas will contribute a combined A$80 million ($52.7 million) as early-stage investors in an Australian carbon credits fund that seeks to finance land restoration initiatives. Australian Carbon Credit Units (ACCUs) from reforestation programs will be generated and managed by Silva … Read more
India’s weight in the MSCI Emerging Markets Index is expected to increase by at least one percentage point after the index provider’s review this week, according to analysts from companies like IIFL Securities Ltd. and Smartkarma. This would put the nation nearly at China’s level, which presently occupies 22.33% of the benchmark. India has a … Read more
