Sunday, December 1

Tag: Equity Markets

Stock market today: BSE Sensex drops 250 points; Nifty50 below 22,700
12Apr By adminNo Comments
Business

Stock market today: BSE Sensex drops 250 points; Nifty50 below 22,700

Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets continued their upward trend on Wednesday with active movements in individual stocks.Rajesh Bhosale, Technical Analyst at Angel One, advises caution amidst market uncertainty, suggesting disciplined stock-specific trades with proper exit strategies.The resistance and support levels are likely to be at 22,700-22,750 and 22,600 respectively, with a potential rally towards 23,000 in the short term.Markets will keenly watch the Consumer Price Index (CPI) inflation numbers an...
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China’s EV Champion BYD Will Take on the World in 2024
2Jan By adminNo Comments
Money

China’s EV Champion BYD Will Take on the World in 2024

China’s electric-vehicle maker BYD will be on top of the world this year, with overseas markets its main battleground.At home, it already surpassed Volkswagen as the most popular car brand in China last year. Globally, it will likely overtake Tesla as the bestselling pure EV maker in 2024.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Mcap of 8 of top-10 most valued firms jump Rs 1.29 lakh crore; HDFC Bank biggest gainer
31Dec By adminNo Comments
Business

Mcap of 8 of top-10 most valued firms jump Rs 1.29 lakh crore; HDFC Bank biggest gainer

NEW DELHI: The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally.Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28.Equity markets were closed on Monday for Christmas.While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards.HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack.The market valuation of HDFC Bank jumped Rs 29,828.84 crore to Rs 12,97,972.04 cro...
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Nasdaq Beats NYSE in IPO Race for Fifth Year in a Row
30Dec By adminNo Comments
World

Nasdaq Beats NYSE in IPO Race for Fifth Year in a Row

Updated Dec. 29, 2023 6:39 pm ETNasdaq beat the New York Stock Exchange in the battle for initial public offerings in 2023, the fifth consecutive year in which the once-dominant NYSE has fallen behind its rival.IPOs at Nasdaq have raised $13.7 billion compared with $10.4 billion for new listings at the NYSE, according to data provider Dealogic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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What Did Wall Street Get Right About Markets This Year? Not Much
29Dec By adminNo Comments
Money

What Did Wall Street Get Right About Markets This Year? Not Much

Updated Dec. 29, 2023 12:07 am ETAlmost no one thought 2023 would be a blockbuster year for stocks. They could hardly have been more wrong. The Federal Reserve raised interest rates at the fastest clip since the 1980s, a regional banking crisis felled Silicon Valley Bank, and war broke out in the Middle East. Yet stocks kept climbing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Soft Landing Talk Prompts 1990s Flashbacks
28Dec By adminNo Comments
Money

Soft Landing Talk Prompts 1990s Flashbacks

Updated Dec. 28, 2023 4:11 pm ETTalk of a soft landing for the U.S. economy has investors dreaming of a 1990s-style boom soon afterward. A lot would have to go right for that to happen, but it isn’t as outlandish as it sounds.Examples of the economy escaping a tightening cycle from the Federal Reserve without entering a recession are few. Some cite the Fed’s rate cuts in 2019, though it is impossible to know how that would have ended without the pandemic. The most frequently mentioned example is a series of rate hikes in 1994. They wreaked havoc on markets that year, but were soon followed by the dawn of a golden period for both Wall Street and Main Street.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Santa Might Have One Last Gift for Investors
28Dec By adminNo Comments
Money

Santa Might Have One Last Gift for Investors

It looks as though Santa hasn’t left town just yet.The S&P 500 is poised to cap a roaring comeback this year with a Santa Claus rally, or the gain that stocks often get heading into the new year. That would mark the eighth straight year stocks got a Santa bump, which hasn’t happened since the eight-year winning streak ending in 1976, according to Dow Jones Market Data. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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S&P 500 Hovers, Just Shy of Fresh Record
27Dec By adminNo Comments
Money

S&P 500 Hovers, Just Shy of Fresh Record

The S&P 500 closed just shy of an all-time high Wednesday, a sign of the optimism that has sent stocks rallying this year after a punishing 2022. The benchmark index crept up 0.1% Wednesday, leaving it 0.3% shy of its January 2022 record close. The tech-heavy Nasdaq Composite added 0.2%. The blue-chip Dow Jones Industrial Average rose 0.3%, or about 111 points, its sixth record high this month. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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