stock market – Page 2 – The News Desk

Dow jumps 520 points as investors cheer inflation slowdown

30Nov

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Money

Dow jumps 520 points as investors cheer inflation slowdown

Rate hike pause could be good for your 401(k) How rate hike pause could be good news for investment plans 05:10 Stocks ended November with a bang, with the Dow Jones Industrial Average jumping 520 points on Thursday and financial markets posting their biggest monthly gain in more than a year.The Dow rose 1.5% to close at 35,951, with investors cheered by a new government report showing that inflation is continuing to ease. The Personal Consu...

Indian markets hit historic $4 trn market cap milestone for the first time

29Nov

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Business

Indian markets hit historic $4 trn market cap milestone for the first time

Indian markets on Wednesday hit the historic $4 trillion market cap milestone for the first time. Currently, there are only three countries in the $4-trillion-plus mcap club--US, China and Japan. Hong Kong too, is part of the club. However, a large contribution is on account of companies belonging elsewhere, mainly China. Market value of all BSE-listed companies currently is at a record high of Rs 333 trillion, translating into $4 trillion. With a market cap of almost $48 trillion US is by-far the world's largest equity market. Followed by China ($9.7 trillion) and Japan ($6 trillion). According to Bloomberg data, India’s market cap has risen nearly 15 per cent so far this calendar year, even as China’s has seen a 5 per cent erosion in its market cap. The U...

Adani group adds Rs 1 trillion in mcap, biggest single-day jump since April

28Nov

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Business

Adani group adds Rs 1 trillion in mcap, biggest single-day jump since April

Shares of Adani Group companies rallied 5-20 per cent on Tuesday, the first trading day after the Supreme Court reserved its orders in the matter pertaining to allegations made by US-based Hindenburg Research and their investigation by the Securities and Exchange Board of India (Sebi). The 11 listed group companies added over Rs 1 trillion in market capitalisation (cap), surpassing Rs 11 trillion. This was the biggest single-day jump in the group’s market cap since April 11. Experts said the gains were owing to improvement in investor sentiment following last week’s proceedings in the Supreme Court and hopes that the port-to-power conglomerate will now have a clear pathway to growth. Some said investors were lapping up beaten-down group shares in anticipation t...

Sensex rally on the cards? Why Indian markets look ready for another pre-poll boost

16Nov

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Business

Sensex rally on the cards? Why Indian markets look ready for another pre-poll boost

Sensex set for pre-poll rally? In anticipation of India's upcoming general elections in 2024, both domestic and foreign fund managers are closely examining past trends to gauge the potential impact on the stock market in the next six months. Historical data analyzed by ET reveals that the Sensex, the benchmark index of the Indian stock market, has demonstrated resilience and prosperity during periods of political uncertainty and transitions.Between 1980 and 2019, the six months leading up to the 11 general elections witnessed an impressive average return of 14.3% for the Sensex.Analysts highlight that the optimism surrounding the formation of a stable government has consistently translated into robustmarket performance over the past four decades.Apurva Sheth, the head of market perspectiv...

Sensex gains 355 pts on 1st session of Samvat 2080

12Nov

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Business

Sensex gains 355 pts on 1st session of Samvat 2080

Muhurat Trading 2023 highlights: Indian stock markets ushered in Samvat 2080 with solid gains as the benchmark indices clocked their second-best Muhurat trading gains in five years. Besides, it was their third-best Muhurat trading gain in 15 years. The S&P BSE Sensex ended the special one-hour session 355 points, or 0.55 per cent, higher at 65,259 levels, while the Nifty50 ended at 19,525, up 100 points or 0.52 per cent. 28 of the 30 Sensex stocks and 43 of 50 Nifty stocks closed with gains, led by Coal India, UPL, Infosys, Eicher Motors, Wipro, NTPC, Titan, TCS, Tata Steel, and Asian Paints. In the broader markets, the Nifty MidCap 100 index gained 0.67 per cent and the Nifty SmallCap100 index added over 1 per cent. Among sectoral indices, the N...

Diwali Muhurat Trading 2023: Samvat 2080 Starts Off On Auspicious Note As Sensex Surges 354 Points

12Nov

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Business

Diwali Muhurat Trading 2023: Samvat 2080 Starts Off On Auspicious Note As Sensex Surges 354 Points

Diwali Muhurat Trading 2023. (Representative image)In the pre-open market deal between 6:00 pm and 6:08 pm, the Sensex was up by nearly 600 points at nearly 64,600, while the NSE Nifty also jumped 186 pointsDiwali Muhurat Trading 2023: The Indian equity market on Sunday traded with strong gains in the special one-hour Muhurat trading session, marking the beginning of the Hindu Samvat Year 2079 on an auspicious note. The BSE Sensex opened 514.30 points higher at nearly 65,430, and later settled to close at 354.77 points up at 65,259.45.The NSE Nifty also opened about 100 points up at 19,524.95 and after an hour of trade closed 100 points higher at 19,525.55.During the trade, among the 30 Sensex shares, Infosys rose the most by 1.41 per cent, followed by Wipro (0.88 per cent), Asian Paint (...

Stock Market: Samvat 2080: 10 mid-cap stocks that investors can bet on – check Diwali 2023 stock picks for the coming year

12Nov

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Business

Stock Market: Samvat 2080: 10 mid-cap stocks that investors can bet on – check Diwali 2023 stock picks for the coming year

As Samvat 2079 concludes, marked by notable volatility, the Nifty reached an all-time high of 20,222.45 this year, yielding substantial gains. Interestingly, the Nifty MidCap 100 outperformed, delivering a remarkable 30% return over the past year, surpassing the headline index.As we step into Samvat 2080, we take a look at 10 mid-cap stocks poised to offer potential returns based on sector outlooks and individual company strength, as listed by ET Markets.APL Apollo Tubes | Target: Rs 1,950 | Upside: 24%APL Apollo Tubes is anticipated to benefit from incremental production at the Raipur plant, resulting in higher EBITDA/t. With a buy rating, the stock is valued at 33x PE of September 2025 EPS. This recommendation is from Axis Securities.Bharat Dynamics | Target: Rs 1,260 | Upside: 26%Engag...

7 Best Money Market Funds to Buy for Safety | Investing

9Oct

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Money

7 Best Money Market Funds to Buy for Safety | Investing

"Cash is king," or so the saying goes. When markets crash, it is cash and cash-like assets that investors flee toward. While the most paranoid of savers may stash cash under their mattresses, the majority will hold them in federally insured options, such as high-yield savings accounts and certificates of deposit, or CDs.In a brokerage account, investors can keep their cash safe while earning a competitive yield by investing in money market funds. "Money market funds invest in very liquid, short-term securities with the objective of preserving your capital, while also providing income at prevailing market rates," says Nafis Smith, principal and head of taxable money markets at Vanguard.Compared to CDs, money market funds provide much greater flexibility. "What's wonderful about these funds...

What are ETFs? Do They Give Higher Returns Compared To Mutual Funds?

5Oct

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Business

What are ETFs? Do They Give Higher Returns Compared To Mutual Funds?

Curated By: Business DeskLast Updated: October 05, 2023, 19:53 ISTETFs typically track a particular index.As the name suggests, the ETFs can be traded on the stock exchanges anytime during the trading hours. You can buy or sell ETFs at the current price of a trading session. When you start earning money, it becomes crucial to exercise caution and mindfulness when seeking to grow your wealth through various investment schemes. Among the multitude of options available, Exchange-Traded Funds (ETFs) stand out as an investment instrument due to the higher return they offer.Investors often confuse between ETFs and Mutual funds due to many similarities. Let’s take a look at what ETFs are and how they differ from Mutual Funds. It’s important to know how much return you will receive before i...

GameStop appoints Chewy founder Ryan Cohen as chief executive

28Sep

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Money

GameStop appoints Chewy founder Ryan Cohen as chief executive

GameStop has appointed Chewy founder Ryan Cohen as its CEO in a bid to overhaul its ailing business. Cohen is the video game retailer's largest individual investor and chairman of its board. His appointment comes just two months after GameStop executives ousted their former CEO Matthew Furlong, who joined the retailer's executive ranks to oversee its turnaround two years ago. GameStop, whose meme stock generated buzz on Wall Street, has struggled with poor sales and executive turnover as video game streaming and digital game downloads eat at its profits. The mostly brick-and-mortar chain also faces competition from online retailers, such as Amazon. Cohen will retain his position on the company's board, in addition to helming its C-sui...