How will the Indian markets likely react to rate cut cues for September? Analysts see positives in the Federal Open Market Committee (FOMC), maintaining the benchmark interest rate at 5.25-5.50 per cent on Wednesday, while also signaling a potential rate cut in September. The US central bank has kept interest […]
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Wall Street today: Fed chairman Jerome Powell’s interest rate cut remarks helped extend the rally picked by by US stocks on July 31, as the equity market scored its best Federal Reserve day in two years. Wall Street cheered the dovish commentary by the US central bank, even as its […]
Infrastructure construction company Ceigall India, on Wednesday, said it has garnered ₹375.20 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, August 1. The company informed the bourses that it allocated 93,56,581 equity shares at ₹401 per share on Wednesday, July 31 […]
Financial services company Capital Group on Wednesday offloaded 4.3 per cent stake in cash logistics solutions provider SIS for over ₹258 crore through open market transactions, while Abu Dhabi Investment Authority bought shares in the company. US-based Capital Group, through its two affiliates Smallcap World Fund and American Funds Insurance […]
Gold prices witnessed their best monthly performance since March on Wednesday, driven by geopolitical concerns and expectations of an interest rate cut in September, with attention turning to the U.S. Federal Reserve’s upcoming policy decision. As of 1341 GMT, spot gold rose 0.7% to $2,424.29 per ounce, marking a gain […]
Advanced Micro Devices Inc. (AMD) shares jumped more than 10 per cent in early trade on Wednesday after the chipmaker gave a bullish revenue forecast on high demand for its new artificial intelligence processors. At 11:45 a.m. EDT, the AMD shares were at $144.93, up $6.46 or 4.66 per cent. […]
The initial public offering (IPO) of Brainbees Solutions, which runs omnichannel kidswear businesses under the FirstCry brand, is set to be launched on August 6. The IPO is a new issue of ₹1,666 crore and an offer for sale (OFS) of up to 5.4 crore shares by current shareholders, including […]
On Wall Street, the S&P 500 and the Nasdaq were sharply higher after chip stocks rallied following bullish forecast from AMD. At 9:54 a.m. ET, the Dow Jones Industrial Average was down 33.60 points, or 0.08 per cent, at 40,709.73, the S&P 500 was up 65.74 points, or 1.21 per […]
The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the […]