Independence Day stocks: Since the previous Independence Day, several factors have coalesced in the market, and the Nifty 50’s astounding 24.23% gain could be likened to the nation’s rising flag. Despite the recent correction, the market’s overall positive structure suggests that new milestones should be achievable with a little more perseverance. New benchmarks have been … Read more
Global stock markets were more stable on Thursday, continuing to rebound after a sharp decline in early August, as investors anticipated that the US Federal Reserve would begin reducing interest rates shortly. A day after positive U.S. consumer inflation data supported predictions of a September rate decrease, oil prices spiked, and data out of China … Read more
After the insurance company revealed that it had sold its Employer Voluntary Benefits division to privately held StanCorp Financial Group, popularly known as The Standard, for $2 billion, Allstate (ALL) shares hit an all-time high on Wednesday. Employee Voluntary Benefits, Individual Health, and Group Health are the three insurance divisions of Allstate Health & Benefits. … Read more
In the second quarter of this year, shares of the aerospace and electronics manufacturing company Heico Corp. (HEI) and the beauty goods company Ulta Beauty (ULTA) were purchased by Warren Buffett’s Berkshire Hathaway, according to a regulatory filing on Wednesday. Additionally, the 13-F filing attested to Berkshire’s substantial reduction in its stake in Apple Inc. … Read more
The maximum sum that can be paid out of the Investor Protection Fund Trust has been raised to Rs 35 lakh, according to a Tuesday announcement from the National Stock Exchange (NSE). This cap will be in place for claims made against trading members who have been expelled or deemed defaulters. The maximum allowable limit … 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 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