Posts in category Economic Times
Dollar set for weekly gain as rate cut bets ebb (24-05-2024)
The dollar is on track for its largest weekly gain in a month and a half, supported by strong U.S. economic data and a hawkish stance in Federal Reserve minutes.
Oil flat as firming US gasoline demand offsets rate jitters (24-05-2024)
Oil market cautious ahead of OPEC+ meeting on June 1 to discuss extending 2.2M bpd output cuts. U.S. fuel demand and Fed's inflation concerns impact prices.
Stocks fall despite Nvidia boost as inflation concerns weigh (24-05-2024)
U.S. stocks fell despite Nvidia's strong revenue forecast boosting shares. Economic data on inflation concerns and potential delay in Fed rate cuts overshadowed the market performance.
Raging bulls of India: D-Street dances to RBI record (24-05-2024)
The key index closed at a record 22,967.65, up 369.85 points or 1.64%, after hitting a peak of 22,993.60 during trade. The BSE Sensex rose 1,196.98 points, or 1.61%, to end at 75,418.04.
GIFT Nifty down 60 points; here’s the trading setup for today’s session (24-05-2024)
"We expect this Positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: Honasa Consumer, ITC, IndiGo, Vodafone Idea, ZEE (24-05-2024)
Honasa Consumer, which owns and operates Mamaearth, on Thursday reported a net profit of Rs 30.4 crore for the fourth quarter ended March 2024.
Dhanalaxmi Bank FY24 net profit up 8.4% (24-05-2024)
The share of low-cost deposits (current and savings accounts) was 30.6%. Net interest income stood at ₹458 crore and non-interest income at ₹152 crore for FY24.
Service charge by new-age private banks, SFBs seen as reasonable (24-05-2024)
"The study found that services such as the SMS alert after an account is debited, which is mandated by the RBI, are charged by many banks. Bank of India, for instance, charges for SMS alerts of payment OTPs," said Ashish Das, professor of statistics at IIT Bombay, and the author of the study.