Shares of American Airlines plunged more than 14 per cent in morning trade on Wednesday after the company cut its second quarter profit forecast. At 1:12 p.m. EDT, American Airlines shares were at $11.46, down 14.73 per cent. Wall Street US stocks dropped on Wednesday, as concerns around the timing […]
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Oil prices extended gains and hit a four-week high on Wednesday, May 29, over expectations that the Organisation of Petroleum Exporting Countries and its allies (OPEC+) will extend output cuts at its upcoming policy meeting on June 2. Crude also gained on hopes that the fuel consumption or demand will […]
Gold prices slumped on Wednesday due to a stronger dollar, rising bond yields, and hawkish remarks from a Federal Reserve official, which dampened market sentiment ahead of the U.S. inflation data release. By 10:00 a.m. ET (1400 GMT), spot gold had decreased by 0.7 per cent to $2,345.62 per ounce, […]
Tata Steel, on Wednesday, announced that the board has recommended a final dividend of ₹3.60 per share of face value ₹1 each along with fourth quarter financial results. “Recommended a dividend of ₹3.60 per Ordinary (Equity) Share of face value ₹1/- each (360%) to the shareholders of the Company for […]
The allotment for the GSM Foils IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt. Ltd. With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those who do not […]
US stock indices edged lower on Wednesday, as concerns around the timing and scale of the Federal Reserve’s interest rate cuts pushed Treasury yields higher. Treasury yields rose to near four-week highs after unexpectedly strong consumer confidence data. The 10-year yield rose to 4.58 per cent from 4.54 per cent […]
The brokerage firm Motilal Oswal (MOFSL) has revised upward potential target of gold to ₹81,000, while maintaining a positive bias on the precious metal. MOFSL, in its latest report, recommended ‘buy on dips’ approach on the yellow metal with advice to accumulate near ₹69,000. Meanwhile, the brokerage firm further advised […]
Even the most promising stocks are not immune to fluctuations, potentially leading to periods of decline followed by the possibility of sustaining such trends in the ensuing months. Despite fluctuations in the market, the shares of Cummins India, one of the leading power solution providers, have consistently exhibited a robust […]
Hindalco Industries Ltd stock was the top gainer among the Nifty 50 companies on Wednesday, hitting a new 52-week high of ₹713.50 before closing about 4% up on the day. Details of the proposed initial public offering (IPO) of its subsidiary Novelis in the US, which assigns it a market […]
Cello World shares jumped over 4.59 per cent on Wednesday, May 29, after the company initiated a share placement for qualified institutional buyers on May 29. The company plans to raise funds by issuing 8.654 million equity shares, each with a face value of ₹5. At 12:30 pm, the scrip […]