Massive lineup of fund houses despite the allotment price.
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Oberoi Realty Q1 PAT soars 82% YoY to Rs 584 cr (20-07-2024)
The real estate developer's consolidated net profit surged 81.73% to Rs 584.51 crore in Q1 FY25 as against Rs 321.64 crore posted in Q1 FY24.
Citigroup sees India luring $100 billion in foreign investment (20-07-2024)
Companies working to help India meet its net-zero goals will be among the beneficiaries of the foreign capital flows, according to K Balasubramanian, head of corporate banking for Southeast Asia and the Indian subcontinent.
Wall Street faces turbulent shift as traders rush to options amid political, monetary uncertainty (20-07-2024)
Monetary and political shifts drive traders to options exchanges, raising tail-risk costs. Fed's potential rate cuts and weak inflation shift investments, boosting ETF inflows. Nasdaq, Bloomberg Magnificent 7 fall; junk bonds, Russell 2000 rise. VIX climbs, reflecting tech bearishness. S&P 500 dips. Bullish options demand rises. Experts warn against Fed delays. Trump's odds improve amidst assassination attempt.
Wall St Week Ahead: Investors count on earning to calm $900 billion US tech rout (20-07-2024)
Second-quarter earnings from Tesla, Alphabet, Microsoft, and Apple might reverse a nearly 6% tech sector loss, $900 billion shed. The S&P 500, down 1.6%, was cushioned by financials. September rate cut expectations, Trump's re-election, and an assassination attempt diverted funds. Philadelphia SE index and Nvidia gains were notably impacted.
Japan’s Nikkei tracks Wall Street lower; chip gains cap losses (20-07-2024)
Japan's Nikkei fell 0.16% to 40,063.79, dipping below the 40,000 psychological mark. Topix dropped 0.27% to 2,860.83. Semiconductor stocks rebounded post-TSMC earnings, with Tokyo Electron and Advantest rising. Renesas Electronics increased 3.6%. U.S. stock declines affected sentiment. Disco fell 4.6%. Namioka anticipates a rebound. Thursday saw a 2% decline, with 159 constituents dropping, and strong revenue is expected.
Gold eases from record highs on firmer dollar (20-07-2024)
Gold prices drop by more than 1% due to a stronger dollar and profit-taking after recent highs. Market uncertainty persists over potential U.S. interest rate cuts. Silver, platinum, and palladium also experience weekly declines amid economic fluctuations.
Dollar climbs for the week, cyber outage unsettles investors (20-07-2024)
CrowdStrike's cyber outage impacted banks and airlines, raising the dollar index amid volatility. US economic data, Fed rate cut speculations, and Europe’s steady rates influenced currencies. Yen fluctuated due to BoJ interventions, UK retail sales drop, and Japanese inflation. Bitcoin and Ethereum gained. CME's FedWatch Tool aided market predictions. Analyst Michael Brown commented.