U.S. stock indexes rose on Wednesday on strong results from PayPal and CVS Health, with investors awaiting services activity data for clues on the health of the economy struggling with soaring inflation and tightening financial conditions. Shares of PayPal Holdings jumped 11.6% after the fintech company raised its annual profit guidance and said activist investor …
By Subash Gangadharan After consolidating between the 8960-9180 levels for the last few sessions, the Nifty has now convincingly broken out of this range. In the process, the Nifty index now trades firmly above the 50-day SMA and the 14-day RSI too is in rising mode and above its 9-day EMA. The 60-minute Nifty chart too indicates …
In a step to enhance user convenience and privacy in messaging, WhatsApp has introduced a significant feature in its latest beta version for Windows, allowing users to initiate conversations with unknown contacts without adding their phone numbers to their address book. According to WaBetaInfo, the chat app is testing this feature with select beta users …
Indian stock market has climbed up nearly 45 per cent from its March lows, amid high volatility. Analysts believe that the main driver for the markets is the global liquidity and fiscal stimulus. Investors who are wanting to invest in the markets in the current scenario should consider asset allocation first, says Mihir Vora, Director …
The government on Wednesday extended mandatory blending of imported coal with domestic fuel for power gencos till the end of the current financial year, in an attempt to ensure uninterrupted power supply across the country. It also extended the emergency clause or Section 11 of the Electricity Act 2003 which mandates imported coal-based power plants …
On the weekly futures & options expiry session Dalal Street struggled but closed with gains and continued its up-move. S&P BSE Sensex ended 37.87 points or 0.06% higher at 60,298 while the NSE Nifty 50 added 12.25 points or 0.07% to close at 17,956. The volatility index fell 1.85% on the day to settle at …
DreamFolks Services IPO sailed through on the initial data of sale with retail investors leading the subscription tally. The Rs 562 crore IPO opened for subscription earlier today after having raised Rs 252.9 crore from 18 anchor investors. The public issue saw massive interest from retail investors who have oversubscribed their portion of the initial …
Optimism is seeping back into the US stock market, as some investors grow more convinced that the economy may avoid a severe downturn even as it copes with high inflation. The benchmark S&P 500 has rebounded about 15% since mid-June, halving its year-to-date loss, and the tech-heavy Nasdaq Composite is up 20% over that time. …
Domestic benchmark indices managed to extend their up-move, narrowly, to the fifth consecutive trading session. Headline indices Sensex and Nifty closed with marginal gains after a volatile trading session on Tuesday. S&P BSE Sensex added 20.86 points or 0.04% to settle at 58,136 while NSE Nifty 50 index ended at 17,345 points gaining 5.4 points. …
By Amit Pabari After a non-event kind of July futures expiry, the USDINR pair was seen catching a roller coaster ride. The weaker dollar, probable 5G spectrum inflows, and RBI’s selling side intervention resulted in a breakout of crucial support of 79.70 and 79.50 in Indian Rupee. The bearish momentum was seen extending up to …