The Russell 2000 index tracking small cap companies in the U.S. hit a record high on Monday, boosted by expectations of tax cuts under a second Donald Trump administration, along with the prospect of lower borrowing costs.
Posts in category Economic Times
Suraksha Diagnostic to launch its IPO on November 29. Check details (25-11-2024)
Suraksha Diagnostic’s IPO, an OFS offering up to 19.19 million shares, opens November 29 and closes December 3. Proceeds will go to selling shareholders, with 50% reserved for QIBs, 35% for retail, and 15% for non-institutional investors.
Market Trading Guide: HDFC Bank, Wipro are among 5 stock recommendations for Tuesday (25-11-2024)
A BJP-led win in Maharashtra boosted markets on Monday, with a broad rally across sectors. Sensex rose 992.74 points to 80,109.85, and Nifty gained 314.65 points to 24,221.90. Analysts noted improved sentiment as Nifty crossed the 21 EMA.
Rupee logs best single day gain since June on account of MSCI rebalancing (25-11-2024)
The Indian rupee ended Monday at 84.28 to a US dollar, up 0.2% from its previous close, helped by inflows of the greenback related to the rebalancing of MSCI global equity indexes. This was the strongest one-day gain for the local currency since June 3, LSEG data showed.
US stocks open higher as Trump’s Treasury selection boosts sentiment (25-11-2024)
Wall Street’s main indexes opened higher on Monday, with the blue-chip Dow scaling a record high, driven by investor optimism following Scott Bessent’s nomination as Treasury Secretary in the incoming Trump administration.
These 5 stocks hit 52-week high, rallied up to 30% in a month (25-11-2024)
The 52-week high indicator serves as an essential tool for evaluating a stock’s current value and predicting its future performance.
US bribery case fallout: Adani stocks lose Rs 2.44 lakh crore m-cap in 3 sessions (25-11-2024)
On November 19, Adani Group’s market cap stood at ₹14.30 lakh crore but dropped by ₹2.24 lakh crore on November 21 following news developments. The decline continued at a slower pace, with a ₹10,306 crore drop on November 22, bringing the total to ₹11.96 lakh crore, and a further ₹10,436 crore fall on Monday, reaching ₹11.85 lakh crore.
Why is Gary Dugan cautiously optimistic on US equities; “Magnificent 7” saw P/E expansion of about 10% (25-11-2024)
The S&P 500’s 25% YTD gain has raised concerns about its valuation. The market is priced for perfection, relying on falling interest rates, resilient earnings, and sustained investor confidence. The tech sector, while resilient, shows a divergence in valuations between the broader space and the “Magnificent 7” mega-cap stocks. While the market’s outlook remains positive, investors should exercise caution and consider potential risks.
EQT-backed Indira IVF said to weigh $400 million India IPO (25-11-2024)
EQT AB is considering an IPO for Indira IVF that could raise $400 million. The IPO could value Indira IVF at $2.5 billion. The deal is still in the preliminary stages, and no final decisions have been made.