Posts in category Economic Times
Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps (12-06-2024)
Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.
S&P 500, Nasdaq open at record highs as markets cheer inflation data (12-06-2024)
The S&P 500 was 0.9% higher in early trading Wednesday. The Dow Jones Industrial Average was up 362 points, and the Nasdaq composite was 1.1% higher.
S&P 500, Nasdaq open at record highs as markets cheer inflation data (12-06-2024)
The S&P 500 was 0.9% higher in early trading Wednesday. The Dow Jones Industrial Average was up 362 points, and the Nasdaq composite was 1.1% higher.
Muthoot Microfin raises $38 million in ECB on higher investor interest (12-06-2024)
Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch).
Muthoot Microfin raises $38 million in ECB on higher investor interest (12-06-2024)
Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch).
Tech View: Nifty facing hurdle at 23,400-23,500. Here’s how to trade on Thursday expiry (12-06-2024)
Nifty’s hourly momentum indicator has a negative crossover and so the rallies are short-lived and failing to persist at higher levels. Traders should opt for buy-on-a-dip strategy around 23,150 – 23,100.
Dollar retreats as market braces for US inflation, Fed test (12-06-2024)
The dollar retreated on Wednesday from a four-week high reached the day before as markets awaited key U.S. inflation data, plus the Federal Reserve's policy decision and updated economic projections later in the day.
Federal Reserve is likely to scale back plans for rate cuts because of persistent inflation (12-06-2024)
The Fed's rate policies typically have a significant impact on the costs of mortgages, auto loans, credit card rates and other forms of consumer and business borrowing. The downgrade in their outlook for rate cuts would mean that such borrowing costs would likely stay higher for longer, a disappointment for potential homebuyers and others.
DEE Development Engineers IPO to open on June 19; price band announced (12-06-2024)
DEE Development Engineers filed a draft prospectus with the Securities and Exchange Board of India (SEBI) in September of last year and received approval in February of this year. The IPO is priced in the range of Rs 193-203 per share, with a minimum bid lot of 73 shares. Investors can bid for shares in multiples of the lot size.