stock market – The News Desk

Market Forecast: Holiday Shortened Week Packed With Geopolitical Shifts, Earnings and Macro Data

14Apr

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Business

Market Forecast: Holiday Shortened Week Packed With Geopolitical Shifts, Earnings and Macro Data

Last week, the BSE benchmark Sensex dipped marginally by 3.32 points after a record-breaking rally. (Representative image)Shares of TCS will remain in focus on Monday. The company reported its January-March quarterly earnings on Friday.Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said.Stock markets will remain closed on Wednesday for Ram Navami.Also Read: Bullish Economic Outlook: FPIs Infuse Rs 13,300 Crore In Equities In April So Far“This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also b...

Nifty, Sensex Close At Record Highs: Experts Decode Factors To Watch Out For In Markets This Week

8Apr

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Business

Nifty, Sensex Close At Record Highs: Experts Decode Factors To Watch Out For In Markets This Week

The share market will remain closed on Thursday. The experts opined that the foreign investors' trading activity, and currency fluctuations in the rupee and dollar, would also affect investor sentiments and market trends. On Monday, the Nifty 50 and Sensex hit record highs, boosted by global market trends and a surge in large-cap auto stocks and major players like Reliance Industries. The Sensex was up by 494.28 points at 74,742.50, while the Nifty 50 rose by 152.60 points to 22,666.30. Leading gainers included Mahindra & Mahindra and Maruti Suzuki, with Wipro and Adani Ports among the top losers. The Nifty Bank index soared to a historic high, crossing 48,700 points for the first time.Now, this week the share market will remain closed on Thursday to celebrate the festival of Eid...

Weekly Money Horoscope, April 7 to April 13, 2024: Read your weekly astrological financial predictions for all zodiac signs

7Apr

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Money

Weekly Money Horoscope, April 7 to April 13, 2024: Read your weekly astrological financial predictions for all zodiac signs

AriesYou wouldn't have any severe financial difficulties this week. For some, good fortune will come in the shape of profits from previous investments. Make sure you have a sound financial management strategy, and it's a good idea to seek the advice of professionals. Property, mutual funds, and stock trading are all viable investment options. TaurusAnticipate a pay increase that will improve your spirits.Income might also come to you in the form of extra money. When it comes to investing, be creative. Good investment opportunities include real estate, jewelry, the stock market, speculative ventures, and paintings. When offering financial assistance to someone, exercise caution. Make sure you have adequate money saved up for a rainy day. GeminiYou will be financially satisfied this week be...

Trump’s Social-Media Potemkin Village | The New Yorker

5Apr

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Entertainment

Trump’s Social-Media Potemkin Village | The New Yorker

Last Tuesday, the day of Truth Social’s I.P.O., under the ticker symbol DJT, the social-media company co-founded by Donald Trump reached a short-lived market capitalization of more than six billion dollars. To put things in perspective, that figure puts the platform on par with such unglamorous mid-range technology businesses as Chewy, an online pet-food purveyor, and Klaviyo, an e-mail-marketing company. But even those companies have been around for more than a decade and bring in hundreds of millions of dollars in annual revenue. Truth Social, in contrast, is notable for the gaping incongruity between its spiking valuation and the paltry reality of its product. The concept of a Trump-driven social-media platform emerged in 2021 after he was banned from Twitter and Facebook in the wake o...

Stock Market: Insider trading: Securities Appellate Tribunal scraps Sebi’s order against Biyani

20Dec

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Business

Stock Market: Insider trading: Securities Appellate Tribunal scraps Sebi’s order against Biyani

NEW DELHI: The Securities Appellate Tribunal (SAT) on Wednesday quashed markets regulator Sebi's order banning Future Retail chairperson Kishore Biyani and some other promoters from the securities market for one year in an insider trading case.Dismissing the Sebi's order, the appellate tribunal said that the entities did not trade in the shares of Future Retail on the basis of unpublished price sensitive information relating to demerger as such information was already in public domain through multiple media reports."We are satisfied that the information relating to de-merger was already in the public domain and, therefore, trading done by the appellants in the shares after the publication of the interviews and news reports cannot be considered as trading while in possession of unpublished...

Costco sells $100 million in gold bars amid inflation fears

16Dec

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Money

Costco sells $100 million in gold bars amid inflation fears

Costco's gold rush is bringing in big bucks.The membership-based wholesale retailer sold an eye-popping $100 million in one-ounce gold bars last quarter, Costco CFO Richard Galanti said Thursday in an earnings call. Amid persistent inflation, consumers snapped up the gold which sold out within hours.The bars, which are currently out of stock, cost between $1,950 and $1,980 this fall. The spot price for gold was more than $2,000 an ounce as of Monday. Gold has traditionally performed well during periods of economic turbulence, earning a reputation as an inflation hedge. Spot gold prices reached a record high of more than $2,100 an ounce in early December, as fears of a recession persisted. Costco's gilded gains contributed to strong ea...

Top wealth creating stocks in India: Reliance tops biggest wealth creator list; Adani Enterprises bags first spot as all-round stock

14Dec

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Business

Top wealth creating stocks in India: Reliance tops biggest wealth creator list; Adani Enterprises bags first spot as all-round stock

ICICI Bank, Adani Enterprises, Varun Beverages, Capri Global and Grindwell Norton have been identified as consistent wealth creators during the period of 2018-2023, according to the Motilal Oswal Wealth Creation Study. Reliance Industries, TCS, ICICI Bank, Infosys, and Bharti Airtel were also recognized as noteworthy wealth creators during this period.Reliance Industries has secured its fifth consecutive spot as the largest wealth creator from 2018 to 2023, marking its tenth overall No.1 position in the last 17 five-year study periods.Top 10 Biggest Wealth Creators 2018-23One standout performer was Lloyds Metals, which emerged as the fastest wealth creator with a compounded return of 79% on their stock during this period. An investment of Rs 1 million in the top 10 Fastest Wealth Creators...

Dow hits record high as investors cheer Fed outlook on interest rates

13Dec

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Money

Dow hits record high as investors cheer Fed outlook on interest rates

The Dow Jones Industrial Average surged to close at more than 37,000 points for the first time as investors applauded a statement from the Federal Reserve on Wednesday that it could cut its benchmark interest rate next year.The blue-chip index jumped 512 points, or 1.4%, to end the day at 37,090, topping its prior peak of 36,799 in early 2023. The broader S&P 500 rose 1.4% and is within 1.9% of its own record. The tech-heavy Nasdaq composite added 1.4%.Fed officials also left their short-term rate unchanged for a third straight meeting amid signs that their aggressive push to subdue inflation is working. With the price spikes that slammed Americans during the pandemic now receding in earnest, Fed Chair Jerome Powell said in a news conference that the federal funds rate is projected to...

Sports Illustrated publisher Arena Group fires CEO following AI controversy

12Dec

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Money

Sports Illustrated publisher Arena Group fires CEO following AI controversy

Sports Illustrated AI accusations Sports Illustrated accused of passing AI articles off as human-created content 06:53 The publisher of Sports Illustrated ousted its chief executive officer on Monday following public backlash over the sport's magazine's alleged use of AI to write stories. The Arena Group's termination of CEO Ross Levinsohn came as the media giant's board members met on Monday to consider measures to "improve [the company's] ...

Wall Street’s big gains has investors bullish

3Dec

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Money

Wall Street’s big gains has investors bullish

Wall Street's big gains has investors bullish - CBS News Watch CBS News The Dow Jones Industrial Average on Friday topped 36,000 points for its highest close of the year. After a sluggish summer, Wall Street's recent big gains has investors bullish this could be a sign the Federal Reserve could be done raising interest rates. However, homebuyers aren't feeling quite as positive. Michael George has more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On ...