Posts in category Economic Times
$9.2 trillion m-cap of Nvidia, Microsoft and Apple now bigger than China’s stock market (06-06-2024)
Microsoft, Nvidia, and Apple have a combined market capitalisation surpassing that of China's stock market, totaling $9.2 trillion. The tech giants, fueled by investor demand for AI exposure, have seen record highs in their stock prices. Nvidia recently reached a market cap of $3 trillion, with Microsoft investing in OpenAI and Apple showing signs of improvement despite recent challenges. Investors are drawn to the companies' competitive positions but caution is advised due to high valuations.
FIIs sell shares worth Rs 6,868 crore on Thursday; DIIs net buyers at Rs 3,718 crore (06-06-2024)
The recent FII trends have taken a stark turn from Monday's buying spree, where both FIIs and DIIs were net buyers, collectively purchasing shares worth Rs 8,765 crore. This buying activity was apparently fueled by exit polls predicting a resounding victory for the BJP-led NDA alliance. However, the subsequent FII trends have diverged significantly from this initial optimism.
Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says (06-06-2024)
The SEC still has to approve the ETF issuers' registration statements detailing investor disclosures before they can start trading. That process usually involves a lot of back and forth between the ETF issuers and SEC officials.
Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit (06-06-2024)
Lawyers representing BSV Claims, a vehicle set up to pursue the case, say the exchanges engaged in anti-competitive behaviour to delist BSV in 2019.
Ahead of Market: 10 things that will decide D-Street action on Friday (06-06-2024)
The NSE Nifty 50 index ended 0.89% higher at 22,821 points and the S&P BSE Sensex rose 0.93% to 75,074, adding to their gains of more than 3% on Wednesday.
ECB’s Lagarde says only one governor opposed rate cut decision (06-06-2024)
"Was it a unanimous decision? Yes, but for one governor," Lagarde told reporters at a post-meeting news conference. "I leave it to your sagacity to identify who it is."
Technical Breakout Stocks: How to trade UNO Minda, KNR Constructions and Amara Raja Batteries on Friday (06-06-2024)
UNO Minda rose over 13% to hit a fresh high, KNR Constructions closed with gains of more than 11% and Amara Raja Batteries gained nearly 5% to hit a fresh record high.
Bajaj Housing Finance board approves plan to raise Rs 4,000 crore via IPO (06-06-2024)
Bajaj Housing Finance, currently a subsidiary of Bajaj Finance, is among 15 NBFC and housing finance companies (HFCs) classified in the so-called upper layer of the RBI, according to a list that was released on September 30, 2022.