Posts in category Economic Times
Firm dollar drags yen down closer to intervention range (23-04-2024)
The yen remained pinned after hitting 154.85 yen on Monday, its lowest level since the mid-1990s, as the stark U.S.-Japan rate differentials came into focus again amid an easing in Iran-Israel tensions. It last hovered around 154.76 per dollar.
Gold edges higher; hovers near one-week low on tempered Middle East fears (23-04-2024)
Policymakers including U.S. Federal Reserve Chair Jerome Powell last week backed away from providing any guidance on when interest rates might be cut, saying instead that monetary policy needs to be restrictive for longer.
US stocks end higher with major corporate earnings in view (23-04-2024)
The benchmark S&P 500 and the Nasdaq rebounded from a decline over the past six sessions which had been caused by investors re-evaluating their expectations on interest rate cuts in the wake of strong economic data, geopolitical tensions, persistent inflation and commentary from Federal Reserve officials.
Asian shares extend gains ahead of tech earnings, yen fragile (23-04-2024)
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, helped by a 1% jump in Taiwanese shares and a 0.8% advance in Hong Kong's Hang Seng index.
Dial Vi for victory: Cash-strapped telco pulls off biggest FPO (23-04-2024)
The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids for 4.5 times the shares set aside for them. The retail segment was fully subscribed. The offer had opened on April 18. The FPO is part of a broader ₹45,000 crore funding programme that's key to the company's survival.
GIFT Nifty up 10 points; here’s the trading setup for today’s session (23-04-2024)
"This week, the US will be releasing GDP and core PCE data which will provide direction to the market while stock specific actions will be seen as we progress into the earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: Tata Consumer, ICICI Pru, RIL, Adani Enterprises, Hero MotoCorp (23-04-2024)
Shares of Tata Consumer, ICICI Pru, Tata Elxsi, M&M Finance, 360 One Wam, MCX and Cyient DLM will be in focus as the companies will announce their fourth quarter results today.
Profit booking in equities likely post polls: Bernstein (23-04-2024)
"Despite the opinion poll data making the 390-400 target look almost certain, we believe the gain of seats in low penetration states may not significantly exceed the loss in others," said Bernstein's analysts Venugopal Garre and Nikhil Arela in a client note.