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 …
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 …
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 Ashley Coutinho The past few months have seen a marked slowdown in additions of active customers by brokerages amid a wobble in the Indian equities and a host of regulatory diktats. “Market sentiment has taken a hit in the past few months. Cash market volumes have dipped 25-30% this fiscal and IPOs have dried …
Stocks in Asia look set for a cautious start on Monday following a jump in Treasury yields and the dollar on expectations of further aggressive Federal Reserve interest-rate hikes to tame elevated inflation. Futures dipped for Japan, Australia and Hong Kong, while S&P 500 and Nasdaq 100 contracts declined. Global shares completed a third straight …
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 79th day by OMCs on August 12. The msot recent price reduction came in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a …
India’s manufacturing sector has seen a healthy rise with its share in the Indian economy reaching pre-covid levels, ICICI Securities said in a note. The brokerage firm believes India’s manufacturing sector is poised to hit an all-time high in the medium term and analysts believe a number of stocks, linked to the sector, may rally …
Dr. Reddy’s Laboratories Ltd. on Wednesday announced the launch of its first direct-to-consumer (D2C) e-commerce website ‘Celevida Wellness’ for diabetes patients by its wholly-owned subsidiary, Svaas Wellness Limited. ‘Celevida Wellness’ aims to become a one-stop solution for personalised diabetic care for Type 2 diabetic and pre-diabetic individuals, the company said in a statement. Since its …
The Securities Appellate Tribunal (SAT) has quashed the charges of insider trading in Biocon against Shreehas Tambe, president and deputy CEO of Biocon Biologics. Sebi had passed an order restraining Tambe from accessing the securities market for a period of three months and also restraining him from associating with any listed public company or any …