Posts in category Economic Times
Stay patient; don’t dabble in risk right away: Maneesh Dangi (05-06-2024)
It is still likely that Modi would return, but the best case scenario for the market would be a Vajpayee like Modi versus one which continues to have animosity with state because that setup would be very-very bad for market.
Investors should start looking at value stocks with long-term perspective: Porinju Veliyath (05-06-2024)
We all were knowing, discussing in the last many-many months, we can just feel now it has come, whatever is the reason, so that correction is happening and I think it will be a healthy correction.
Dollar finds footing as traders turn to US services data (05-06-2024)
The dollar steadied as traders awaited an interest rate decision in Canada and U.S. services data. The yen received a boost after reports of potential bond buying cuts by the Bank of Japan, leading to a rise in the Swiss franc. Japanese real wages fell for the 25th straight month due to inflation outpacing pay rises.
Tokyo stocks open lower (05-06-2024)
Tokyo stocks opened lower on Wednesday, weighed down by a stronger yen against the dollar despite gains on Wall Street. The dollar fetched 155.35 yen in early Asian trade, up from 154.80 yen in New York, but still down from 155.91 yen in Tokyo late Tuesday.
India bankers predict IPO surge as election uncertainty lifts (05-06-2024)
India emerges as Asia's top market for share sales, especially IPOs, amidst election closure. Record-breaking deals worth $3.9 billion raised via IPOs this year, double from 2023. Major upcoming IPOs include Hyundai Motor Co.'s India unit. Investors eye rapid growth in India's economy.
Rs 31,09,459 crore m-cap loss! Correction the start of a stock picker’s market (05-06-2024)
Lower-than-expected BJP seats erase Nifty gains. Nifty falls by 5.93%, still trades expensively. India and Japan rally on economic growth and reforms. Overseas investors sell Indian shares, moving to cheaper markets like China.
Political, market volatility spice markets up (05-06-2024)
Investor sentiment is fragile in Asian markets amid concerns over U.S. and global economic growth. Indian assets have been volatile due to the country's general election result.
Oil slips for sixth consecutive day on big builds in US oil, fuel stocks (05-06-2024)
Oil prices decline as U.S. stockpiles rise, OPEC+ plans supply boost. EIA's upcoming report on stockpiles awaited for market impact.
Wall Street stocks end slightly higher as weak jobs data supports rate cut (05-06-2024)
U.S. stocks rose on Tuesday as labor market data hinted at a Fed rate cut. Axos Financial dropped after Hindenburg Research shorted the stock.
After sales of over Rs 12,000-crore in a day, FPIs could wait & watch (05-06-2024)
Analysts anticipate pressure on the new government to balance coalition demands with economic policies. U R Bhat expects policy continuity despite BJP's lower seat count.