Posts in category Economic Times
S&P 500, Nasdaq close at record highs as data supports Fed easing (06-06-2024)
S&P 500 and Nasdaq hit record highs on Wednesday fueled by tech stocks amid expectations of Fed's easing cycle, impacting various sectors and economic indicators.
SBI Board to Consider $3-billion Fundraise (06-06-2024)
SBI's board of directors to meet on June 11 to consider raising up to $3 billion through foreign currency bonds issued abroad.
GIFT Nifty climbs over 150 points; here’s the trading setup for today’s session (06-06-2024)
Domestic stocks saw a significant bounce back as confidence surged following the reconfirmation of the NDA's third consecutive term in government. Yashovardhan Khemka, Senior Manager of Research & Analytics at Abans Holdings, noted that in the short term, the market will likely stay fixated on government formation, particularly watching for key cabinet appointments in Finance, Defense, Roads, Energy, Commerce, and Railways.
Sebi asks Religare to file Burmans’ open offer plan (06-06-2024)
Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.
Infra, PSU, mid and smallcap MFs biggest gainers in Modi 2.0 (06-06-2024)
Infrastructure, mid-cap, and smallcap mutual funds delivered high returns during Modi government's second tenure from May 2019 to June 2024, fueled by rising PSU stocks in segments like railways and defence.
New threshold for basic demat accounts (06-06-2024)
Sebi proposes raising the threshold for basic service demat accounts to ₹10 lakh from ₹2 lakh, aiming to ease the financial burden on retail investors by reducing the cost of maintaining securities in demat accounts.
Hindalco defers Novelis’ $945 mn US listing (06-06-2024)
Hindalco Industries has postponed the proposed $945-million listing of Novelis Inc due to concerns about potentially below-premium valuations for the US subsidiary impacting the valuation of the Indian entity listed in Mumbai.
Rural demand theme blooms (06-06-2024)
Investor money is shifting to defensive shares like FMCG, healthcare, and information technology following the lower-than-anticipated seats for the BJP in recent elections. Marico, Godrej Consumer, Nestle India, ITC, Britannia, HUL, and Dabur saw significant gains. The Nifty and NSE FMCG Index also rose.
Investors to get direct payout of securities now (06-06-2024)
Sebi mandates direct transfer of securities to demat accounts by clearing corporations to protect clients' assets. A Balakrishnan from Geojit Financial Services praises the move for enhancing security, ease of margin trading, auto pledge for funded stocks, effective from October 14, improving the margin trading facility.
Expect some degree of volatility till the Budget: Sunil Subramaniam (06-06-2024)
But I now expect consumption to redress the balance and you will get a far more broad-based recovery, that is number one. Number two is I think that now with the lessons of what happened in this election, we expect the BJP itself to take necessary corrective action since it has got power for the next five years so that the very next election they will be in a position.