Asian markets traded mixed, while the US stock market ended mostly higher with the S&P 500 and Nasdaq settling at record closing highs. Markets have dialed back expectations for the Fed’s first rate cut happening in September, now pricing in about a 50% chance, according to the CME’s FedWatch tool, […]
stock market
On Monday, both headline indices—Nifty 50 and Sensex—hit record highs during the day at 23,411.90 and 77,079.04 points, respectively. “The record market highs indicate the markets’ confidence in the ongoing economic reforms and policy stability,” said Soumya Rajan, founder and CEO, Waterfield Advisors. Reduced majority Even with the BJP’s reduced […]
Shares of Marico, one of India’s leading consumer products companies in the hair and wellness market, have shown a strong upward trend since April, rebounding from a steady decline between September 2023 and March 2024. In April, the stock made a robust comeback, ending the month with a 4.18% gain […]
The allotment for the Magenta Lifecare IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Cameo Corporate Services, or the BSE website. With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those […]
Ixigo IPO: The initial public offering (IPO) of online travel booking company Le Travenues Technology Ltd, popularly known by its brand name ixigo, opens for subscription today, June 10. Ixigo is a technology company focused on allowing Indian travellers to plan, book and manage their trips across rail, air, buses […]
The debate between value and growth investing is long-standing, with each approach having a dedicated group of supporters. Warren Buffett, Charlie Munger, and Benjamin Graham have always been known for their advocacy of value stocks. On the other hand, Jim Simons, Peter Lynch, Philip Fisher, Ron Baron, and Cathie Wood […]
Top News India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024. The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times. Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on […]
Benchmarks and broader market indices on Friday largely recouped their losses from earlier this week, when the markets saw their steepest crash in four years spooked by a narrower mandate for the Bharatiya Janata Party and the National Democratic Alliance in the Lok Sabha election. Foreign investors bought cash shares […]
Asian markets traded in the green following overnight gains in the US stock market after soft economic data raised hopes of interest rate cuts by the Federal Reserve. Sentiment in the Indian markets improved after the National Democratic Alliance (NDA) leaders pledged support to Narendra Modi’s Bharatiya Janata Party (BJP) […]
Investors were rattled after the Bharatiya Janata Party (BJP) failed to cross the halfway mark in the lower house of the Parliament and secure a clear majority. However, the BJP-led National Democratic Alliance (NDA) managed only a slim majority to form the government at the Centre. Asian markets traded mixed, […]