Posts in category Economic Times
US stocks rise at the open as retail sales fail to dampen rate-cut hopes (16-07-2024)
The Dow Jones Industrial Average rose 52.06 points, or 0.13%, at the open to 40,263.78.
Tech View: Nifty forms another Doji candle. Here’s how to trade on Thursday (16-07-2024)
The near-term uptrend of Nifty continues to hold strong. Although Nifty is consolidating at higher levels, there is no indication of a significant reversal pattern forming at these highs. A further upward movement could push Nifty towards the 24,900 mark next week. Immediate support is positioned at 24,450 levels, according to Nagaraj Shetti of HDFC Securities.
Gold rises with US rate cut optimism, close to record high (16-07-2024)
Gold prices increased by 0.8% to $2,440.29 per ounce after Federal Reserve Chair Powell backed a September rate cut.
Adani, Wilmar are said to weigh selling $670 million stake in JV (16-07-2024)
The owners are exploring selling equal stakes that may total 13% in Mumbai-listed Adani Wilmar, said the people, asking not to be identified as the information is confidential. A sale that size would be valued at roughly $670 million as of Tuesday, and could take place as early as the coming months, the people said.
Canara Bank raises Rs 10,000 crore through infra bonds at 7.40% coupon (16-07-2024)
For banks, infrastructure bonds come with an advantage – funds raised through these securities are exempt from the regulatory requirement of maintaining Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR).
Sebi proposes new asset class between mutual funds and PMS with Rs 10 lakh ticket size (16-07-2024)
Eligible mutual funds must have a minimum operational history of 3 years and an average AUM of at least Rs 10,000 crore over the same period. Additionally, neither the sponsor nor the AMC can have faced any regulatory action under sections 11, 11B, or 24 of the SEBI Act, 1992 within the past 3 years.
Morgan Stanley Q2 Results: Profit jumps as investment banking recovers (16-07-2024)
Net income rise to $3.1 billion, or $1.82 per share, in the three months ended June 30, the bank said on Tuesday. That compares with $2.2 billion, or $1.24 per share, a year earlier.
Stock market update: Nifty Realty index advances 1.66% (16-07-2024)
The Nifty Realty index closed 1.66 per cent up at 1126.25.
Stock market update: Fertilisers stocks down as market rises (16-07-2024)
The 30-share BSE Sensex closed up 51.69 points at 80716.55