The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check. The markdown in the outlook for rate cuts,…
The initial public offer (IPO) of Le Travenues Technology, which operates travel platform Ixigo, picked up momentum on the third day of the bidding process as the issue was subscribed 47 times so far on Wednesday, the last day of the bidding process. The issue closes today. The strong demand was led by non-institutional investors…
Apple shares climbed 6% to a record high on Tuesday, a day after unveiling new artificial intelligence features meant to increase the appeal of its devices, including the iPhone. The rally comes as a breather for the stock, that has underperformed versus the benchmark S&P 500 this year, as Apple grapples with weak sales for…
Jun 11, 2024, 03:08:15 PM IST Indian shares rose on Tuesday, helped by gains in information technology and energy stocks, with investors keenly awaiting a key U.S. inflation reading and the Federal Reserve’s policy decision. Meanwhile, in today’s trading session, five stocks from the Nifty50 index hit a new 52-week high. Here’s the list: Getty…
The Indian unit of Korea’s Hyundai Motor is likely to file a draft red herring prospectus (DRHP) with market regulator Sebi over the next two weeks, initiating the process for an initial public offering, said people familiar with the matter. If successful, this would mark the first IPO by an automaker in India in more…
In Monday’s trading session, the following five stocks witnessed a build of fresh short positions. Let’s first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting…
Benchmark equity indices, Nifty50 and Sensex, closed at record highs on Friday, erasing election day-related losses, on political continuity and a projection of faster economic growth. The NSE Nifty50 ended 2.05% higher at 23,290 points, while the S&P BSE Sensex closed up 2.16% at 76,693. The Nifty added 3.4% this week, while the Sensex rose…
Indian market closed in the green on Friday for the third consecutive day in a row. The S&P BSE Sensex rose more than 1,600 points while the Nifty50 closed just a shade below 23,300 levels. Sectorally, buying was seen in AU Small Finance Bank, Axis Bank, SBI and Bandhan Bank. Stocks that were in focus…
Nvidia Corp.’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches $3 trillion. Huang hit another milestone on Friday, passing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index….
The markets had an incredibly eventful week as they reacted to the exit polls and the actual general election results. All happened in the same week; the Nifty saw itself forming a fresh lifetime high and also came off close to 8% from its peak. A remarkable recovery also followed that led Nifty to a…
