Posts in category Economic Times
GIFT Nifty down 10 points; here’s what changed for market while you were sleeping (04-11-2024)
Looking forward, analysts expect markets to remain sensitive to foreign fund outflows and a subdued earnings season. In the current week, investor attention will also be on developments in US markets, especially the upcoming US elections on November 5 and the Federal Reserve’s policy meeting on November 8.
Stocks in news: IRFC, IRCTC, Ujjivan SFB, Bharti Airtel, Sun Pharma (04-11-2024)
Tata Investment Corporation reported its September quarter net profit at Rs 124 crore, which was flat over the corresponding quarter of the previous financial year.
Asian shares mixed as US polls signal no clear leader (04-11-2024)
The weakening of the greenback was a sign to some that investors may be walking back confidence in a victory for Donald Trump, after a poll by the Des Moines Register showed Harris with a 47%-44% lead in Iowa — a state Trump has won in each of his prior elections. One element of the so-called Trump trade favors higher Treasury yields and a stronger US dollar.
Indian crypto exchanges’ futures trade with foreign peers may test FEMA limits (04-11-2024)
Local bourses as well as these HNIs believe their trades are kosher — drawing comfort from the fact that the foreign exchanges they are dealing with are registered with Financial Intelligence Unit (FIU). However, they may be unwittingly walking through a minefield of rules on the Foreign Exchange Management Act.
Rupee may hit new low on FII selloff spree (04-11-2024)
The strengthening of the dollar globally and the record outflow of it from the Indian equities have forced the rupee to be above 84 level for quite some time. Last Thursday, it touched a new low of 84.10 against the dollar.
Stock market fairly upbeat before US election results (04-11-2024)
The market’s uncanny ability to overlook the uncertain political outlook in the United States may reflect an assumption that national elections don’t really matter for the stock market – a supposition borne out by stock returns over more than a century.
Bitcoin rally masks bleaker picture in the crypto world: Funding winter, job cuts (04-11-2024)
On Wednesday, crypto exchange Kraken announced job cuts a person familiar with the matter said amounts to 15% of workers, while rival Coinbase reported earnings that missed estimates. Software developer Consensys is among other digital-asset firms that recently started trimming jobs.
FPI flows into IPOs, QIPs highest in 3 years (04-11-2024)
FPIs parked net $2.36 billion (₹19,841.9 crore) in the primary market, the highest monthly investment since November 2021 when they had invested $3.74 billion through this route, which consists of participation in initial public offerings (IPOs) and qualified institutional placements (QIP).
Wall Street’s eyes are on the election, its money not so much (04-11-2024)
Traders are buzzing about the possibilities, constantly checking the latest polls and moves in election betting markets to divine who’s ahead, Republican Donald Trump or Democrat Kamala Harris, and what that means for their positions