Posts in category Economic Times
Sensex’s changing composition: IT, banking take reins from manufacturing to drive rally (11-04-2024)
In 1986, the dominance of industrial stocks was strong, representing 33% of the constituents, while consumer discretionary stocks comprised 30%. There were no stocks from banking or information technology sectors — the current giants.
Analysts advice caution after Sensex’s swift run up to 75,000 (11-04-2024)
Sensex and Nifty reach new highs, but caution advised for potential correction. Analysts predict hurdles at 23,000 levels with possible market correction before elections. Foreign investors show interest in Indian shares.
Sensex surges 5,000 points in 80 days, turbo charged by FPI and domestic flows (11-04-2024)
The Sensex took 27 years to breach the 10,000-mark for the first time in February 2006, while it gained the next 10,000 points in just 22 months as a flood of fresh foreign flows drove stock prices higher at a faster pace.
Asian shares fall on global rate scare, yen plumbs 34-year low (11-04-2024)
U.S. stock futures lost another 0.2% after Wall Street slid around 1% overnight, while regional bonds took a kicking following a 20-basis-point jump in Treasury yields overnight to their highest since November.
Are Indian stock markets NSE & BSE open today for trading? (11-04-2024)
Indian stock exchanges closed for Eid, with MCX trading in the evening. There are over ten holidays in 2024, including Ramnavmi in April and Diwali in November.
Larry Summers says CPI raises chances that Fed’s next move is to hike (10-04-2024)
The former treasury secretary cautioned against a potential Fed rate hike following the US consumer price inflation report. Summers emphasized the risks of a rate cut in June and highlighted the importance of economic indicators and market trends.
Gold slips from record levels after hot US inflation data (10-04-2024)
Spot gold fell 0.6% to $2,338.19 per ounce, as of 8:58 a.m. ET. U.S. gold futures lost 0.1% to $2,360.7. The U.S. dollar index rose 0.5% and U.S. Treasury yields spiked after the data, making non-yielding bullion less attractive.
Vodafone Idea Rs 20,000-crore FPO likely to open next week (10-04-2024)
The company is likely to file its red herring prospectus with the Registrar of Companies this week, with plans to launch its follow-on public offer next week.
Gold@Rs71,000: Top factors behind the rally (10-04-2024)
Fall in the dollar index as gold and the dollar have an inverse relationship.
US Treasury yields spike after inflation report, 10-year hits 4.5% (10-04-2024)
U.S. Treasury yields spiked on Wednesday after inflation data came in higher than expected, lifting the benchmark 10-year yield over 10 basis points to 4.5%, its highest since November last year.