Posts in category Economic Times
Asian shares slide on Fed rate cut rethink; China GDP in focus (16-04-2024)
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades (16-04-2024)
Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It's a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol "DJT," for Trump's initials.
West Asia tensions give Dalal Street a headache (16-04-2024)
The Nifty fell 246.9 points, or 1.1%, to 22,272.50. The Sensex declined 845.12 points, or 1.14%, to 73,399.78 in a volatile trading session that saw mixed responses across the Asia-Pacific to this weekend's Iranian drone attacks on Israel. China advanced 1.26%, Hong Kong fell 0.73%, South Korea declined 0.42%, and Taiwan dropped 1.38%.
GIFT Nifty down 160 points; here’s the trading setup for today’s session (16-04-2024)
"We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: RIL, Jio Financial, JSW Infra, Cipla, Gujarat Gas (16-04-2024)
Reliance Industries Ltd will announce its March quarter results on April 22. Along with the quarterly numbers, the company's board will also consider and approve a dividend.
Pharma, healthcare top bets of fund managers in March (16-04-2024)
They also purchased insurance stocks like SBI Life, HDFC Life, and ICICI Prudential Life Insurance after favourable guidelines on the surrender value of policies were announced by the insurance regulator IRDAI. Also, the recent removal of the age limit on availing of health insurance is seen as boosting the prospects of life insurance companies.
MFs prune stakes in PSUs following stellar bull run (16-04-2024)
Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw an increase in stakes.
Metals whipsawed as US, UK sanctions on new Russian supplies rattle LME (16-04-2024)
But the sanctions will still reverberate through metals markets because of the LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world, and many buyers view the ability to deliver on the LME as essential.