European stocks rose after the US reported slower-than-estimated inflation, encouraging traders that the Federal Reserve is likely to lower interest rates later this year, just hours before the central bank provides updated rate projections. The Stoxx Europe 600 Index gained 1.1% at the close in London. Rate-sensitive real estate and technology led […]
Brazilian markets sank after President Luiz Inacio Lula da Silva made it clear he’s not considering spending cuts to address growing fiscal concerns, just as his government struggles to get proposals to boost public revenue through Congress. “The increase in tax collection and the decline of interest rates will allow […]
The US Federal Reserve is poised to announce its key policy decision later today, with significant anticipation surrounding the central bank’s timing for potential interest rate cuts for the remainder of the year. In today’s decision, there is a near consensus that the Jerome Powell-led FOMC will maintain the interest […]
The excitement is palpable as BSE-listed companies surge, adding ₹2 trillion in market capitalization today, propelling the total to a record ₹429 trillion. “Most ministers retaining their portfolios signals policy continuity,” remarked Manish Sonthalia, CIO, Emkay Investment Managers. This suggests that pending tasks from the second term will be addressed […]
Apple reclaimed its position as the world’s most valuable company, surpassing Microsoft, on Wednesday. Apple’s shares rose over 2 per cent to $211.75, resulting in a market valuation of $3.25 trillion. In comparison, Microsoft’s market capitalization fell to $3.24 trillion, placing it behind Apple for the first time in five […]
Futures for major U.S. indexes, which were each up a modest 0.1% before the report was released, shot up after the report was made public. Futures for the Dow Jones Industrial Average and the S&P 500 each climbed 0.7% less than an hour before markets opened. Treasury yields fell, with […]
India’s urad output is estimated to be 1.8 million tonnes (mt) this year, as compared with 2.6 mt in the 2022-23 (July-June) crop year. Tur is estimated to be at par with the previous season’s 3.3 mt but the industry expects production to be 2.7-2.85 mt, falling short of the […]
Edited excerpts: What is your outlook for the market in the short term? Is the Indian stock market at a fair valuation? Markets recovered the losses of June 4th, with the Nifty 50 index closing above 23,300 on June 12. It remained volatile due to the election results. Eventually, the […]
The owners of Haldiram Snacks Pvt Ltd. are considering an initial public offering (IPO) for the food producer and restaurant operator after plans to sell to foreign investors stalled, according to Bloomberg report The Agarwal family is contemplating a listing because bids in the range of $8 billion to $8.5 […]
Ashish Kacholia portfolio: In the wake of Modi 3.0 formation in New Delhi and Bihar CM Nitish Kumar’s Janata Dal United or JDU being a dominant partner in the NDA government, Bihar-based company Aditya Vision is in focus these days. The multibagger stock, which has delivered a 200 percent return […]