Equity indices continued to slump on Tuesday, dragged down by weak global trends and fears of escalating tensions in the middle east. Stocks that were in focus included names like SBI, which fell 0.62%, Lotus Chocolate, which rose 12%, and Exide Industries, whose shares rose 15% on Tuesday. Here’s what Viral Chheda, Sr Technical Analyst, … Read more
New York: Tesla will ask shareholders to vote again on the same $56 billion compensation package for chief executive officer Elon Musk that was voided by a Delaware court early this year. In its proxy filing issued Wednesday, Tesla said it will call a vote on moving the company’s state of incorporation to Texas from … Read more
Mumbai: Indian equities could wilt early this week as the escalating Iran-Israel conflict threatens to engulf both emerging-market risk assets and commodity supply chains in one of the most volatile geographies on the planet. With oil prices expected to leap on worries about supply disruptions in the wake of the clash, investor sentiment is expected … Read more
With the dollar index and US 10-year bond yields on the rise, along with increasing crude prices and geopolitical tensions, analysts advise a cautious approach. They advise investors to refrain from chasing buying opportunities at elevated levels and suggest booking profits on any bounceback. ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, … Read more
Benchmark Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday. Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday. Here’s what … Read more
New York: Investors are becoming more optimistic about Alphabet’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling. The stock is heading back toward what would be a record $2 trillion market value – a milestone surpassed only by Microsoft, Apple and Nvidia in the United States. It has … Read more
Benchmark indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels. Stocks that were in focus included names like Hindustan Zinc, which jumped nearly 17%, Vodafone Idea, which fell 2%, and Angel One, whose shares declined … Read more
Almost 80% of Singaporeans are optimistic about the economy, according to SurveyMonkey’s 2024 poll. Damircudic | E+ | Getty Images Majority of the residents in Singapore are bullish about where the economy is headed and confident that the government will be able to support them during their retirement. That’s according to a poll by SurveyMonkey, … Read more
Equity markets were mixed on Friday after the Reserve Bank maintained status quo on key rates and amid a negative trend in global markets. The 30-share Sensex inched up 20 points to settle at a fresh record of 74,248 and the broader Nifty ended with a marginal loss of 0.95 points at 22,513. Stocks that … Read more
Technical charts indicate a continuation of the positive trend going ahead, with the India VIX currently trading below 12. Any market dip presents a buying opportunity, as technical analysts predict Nifty will move towards the 22,800-23,000 levels soon. Stocks such as Vedanta, Hindalco, JSW Steel, City Union Bank, Canara Bank, HDFC Bank, ABB, ITC, HUL, … Read more
