Posts in category Economic Times
Gold prices inch lower as focus turns to US inflation data (25-06-2024)
Gold prices impacted by Japan Chain Store Sales YY for May and upcoming US Consumer Confidence in June.
Oil prices steady as markets weigh supply tensions, China economic recovery (25-06-2024)
Oil prices remained steady on Tuesday, balancing concerns over China's economic recovery, tensions in the Middle East, and Ukrainian attacks on Russian refineries.
Dow closes at a one-month high as investors broaden portfolios (25-06-2024)
The Dow reached a one-month high, but the Nasdaq fell over 1% as investors shifted from AI-linked stocks. Federal Reserve rate cuts were anticipated, impacting market movements.
Nvidia enters correction territory as slump erases $430 billion (25-06-2024)
Shares fell 13% over the period, past the 10% threshold that represents a correction. The drop weighed on chipmakers with the Philadelphia Stock Exchange Semiconductor Index falling 3% on Monday. Broadcom Inc. fell 4% while Qualcomm Inc. dropped 5.5% and ARM Holdings Plc slumped 5.8%. US-listed shares of Taiwan Semiconductor Manufacturing Co. shed 3.5%.
Stocks in news: Happiest Minds, IREDA, Maruti Suzuki, RBL Bank, Shree Cement (25-06-2024)
India's third largest cement manufacturer Shree Cement announced achieving installed power capacity of 1,000 MW with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit.
Pre-market action: Here’s the trade setup for today’s session (25-06-2024)
"Markets this week will take cues from global macro data points and the progress of the monsoon back home. We expect Nifty to consolidate at the current juncture with a bout of volatility amid monthly derivatives expiry," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
RBI appoints additional director for Bandhan Bank (25-06-2024)
The move is likely to guide the bank in succession planning. Bandhan Bank’s founder MD & CEO Chandra Shekhar Ghosh’s tenure will on July 9 while the bank is yet to appoint its next CEO. Singh is former chief general manager of RBI.
Warburg Pincus sells stake in CarTrade Tech (25-06-2024)
Goldman Sachs India Equity Portfolio, Societe Generale and US-based Verition Multi-Strategy Master Fund were the top buyers at 828 per share. Shares of CarTrade Tech ended 2.33% lower at 836.95 on Monday.
Morgan Stanley sees 7-35% upside for new-age stocks (25-06-2024)
"We see macro factors aligning (multiple re-rating for growth stocks in India and other regions, tight PE/VC money keeping the competitive environment benign) with micro factors (strong execution reflected in market share gains, margin improvement driving profit upgrade cycle) and supporting share prices," said Morgan Stanley's analysts in a client note.
Sebi relief for IPO-bound PE investors (25-06-2024)
It had earlier in an advisory to merchant bankers said that private equity investors would have to cancel their special rights when the investee company files its updated IPO document with Sebi. Securities lawyers had said the requirement would expose PE investors to risks if IPOs of their investee companies fail to materialise.