Posts in category Economic Times
Dollar consolidates as Fed urges patience; markets await meeting minutes (22-05-2024)
Investors have been shoring up rate cut bets after a milder inflation reading last week boosted expectations for U.S. rate cuts this year.
US stocks end slightly higher after Fed comments, ahead of Nvidia (22-05-2024)
Nvidia, Wall Street's third-largest firm by market capitalization, will report results after the closing bell on Wednesday in what is likely to be a significant market catalyst and will test whether the outsized rally in AI-related stocks can be sustained.
Stock Radar | Time to buy? HCL Technologies hovering near the support zone: Ajit Mishra (22-05-2024)
Pre-market action: Here’s the trade setup for today’s session (22-05-2024)
"Despite FIIs selling and India Vix at elevated levels, markets have stabilized and we expect a gradual up-move going forward. Key events to watch this week – UK inflation data, US Existing Home Sales number and FOMC meeting minutes," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
Stocks in news: Apollo Tyres, Protean e-Gov Tech, Sun Pharma, Nykaa, Paytm (22-05-2024)
Warburg Pincus arm White Iris Investment will likely offload 3.5% stake in Apollo Tyres through block deals, according to reports.
Metal stocks rally on China’s realty stimulus, LME gains (22-05-2024)
Hindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco moved up over 4%, while Tata Steel, JSW Steel, and Hindustan Copper rose over 3% each.
HSBC and StanChart step up GIFT City play, buy stakes in CCIL-IFSC (22-05-2024)
"Being the global bank that we are, what we do, therefore, is connect India to the rest of the world and connect the rest of the world to India and GIFT is clearly onshoring what was happening offshore," HSBC India CEO Hitendra Dave told ET.
Brokerages bearish on Delhivery post Q4 nos, shares plunge 10% (22-05-2024)
"Margin improvement is volatile as the small impact on utilisation for its network impacts the margin as pricing power is limited," said the brokerage, while slashing its target price from ₹600 to ₹488.
Sebi changes rule for calculating market cap, six-month average to be used now (22-05-2024)
The regulator said instead of using the market capitalisation of a single day which is currently March 31, listed companies will now have to use the average market capitalisation for a six- month period.
Share of Bitcoin volume during US market hours surges to new record (22-05-2024)
The ETFs calculate their net asset values each weekday at the close of US stock exchanges, which Kaiko said boosts price discovery and arbitrage trading. Thursday was the day of the week with the highest share of trading during these hours, with close to 15% of the cumulative daily volume, Kaiko found.