Posts in category Economic Times
Wall Street drifts to mixed finish after the latest signal of a slowing economy (04-06-2024)
U.S. stocks mixed as economy slows. S&P 500 up 0.1%. Dow down 0.3%. Nasdaq up 0.6%. Manufacturing shrinks, affecting Treasury yields. Companies struggle with high interest rates. Tech stocks soar. GameStop rises. AMC climbs. Waste Management to buy Stericycle. Bond market sees yield fluctuations. Investors watch economic reports.
Stocks in news: ZEE, M&M Financial, Dr Reddy’s, Wipro, Biocon (04-06-2024)
Domestic markets rally on exit polls predicting Modi government's massive mandate. ZEE, M&M Financial, Dr Reddy's, Wipro, Biocon in focus. ZEE to discuss fundraising. M&M Financial reports increased disbursements. Dr Reddy's opens biologics facility in Hyderabad. ICICI Bank partners with Adani One for co-branded credit cards with airport-linked benefits. RVNL awarded Rs 440 crore project by South Central Railway.
Sebi launches saathi 2.0 personal finance app for investors (04-06-2024)
Sebi introduces 'Saathi 2.0': A mobile app revolutionizing personal finance by simplifying intricate concepts and offering essential tools like financial calculators, KYC procedures, mutual fund insights, stock exchange navigation, and a seamless investor grievance redressal mechanism.
Continuum energy to raise $650 m via bonds (04-06-2024)
Continuum Green Energy, a renewable energy generator, plans to raise $650 million in bonds to refinance existing debt, with Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers.
Bonds, rupee stage strong rebound on poll outlook (04-06-2024)
Government bond yields closed at their lowest in over two years, and the rupee saw its largest single-day gain since December, driven by exit polls predicting a strong NDA victory in the general elections.
Glitch at CDSL trips investors’ exit plans (04-06-2024)
Stock market hits record highs but clients face trading issues due to CDSL system failure with TPIN authorization for selling shares.
How to trade Nifty on election result day? Heads I win, tails you lose strategy (04-06-2024)
Depending on whether the Prime Minister Narendra Modi-led NDA surpasses or falls short of the expectations outlined by exit polls, the Nifty could experience significant swings in either direction once the trends of the Lok Sabha election results become apparent on Tuesday. The substantial rally of over 3% on Monday, coupled with a 15% decline in the India VIX fear gauge, indicates that market anticipation for a negative surprise has diminished.
GIFT Nifty rises 90 points; here’s the trading setup for today’s session (04-06-2024)
Equity markets rallied over 3% after exit polls predicted NDA's third consecutive win, with experts expecting new highs and recommending focus on manufacturing, capex, infrastructure, and financials for long-term investment.