Posts in category Economic Times
Dollar steady; ether fuels crypto rally (21-05-2024)
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Nasdaq hits record, S&P ticks higher with Nvidia results eyed (21-05-2024)
The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday.
Pre-market action: Here’s the trade setup for today’s session (21-05-2024)
The rupee appreciated 13 paise to close at 83.37 against the US dollar on Friday, tracking positive sentiment in domestic equity markets and fresh foreign fund inflows.
Stocks in news: Godrej Properties, Whirlpool, Solara Active Pharma, TCS, Nestle India (21-05-2024)
Bandhan Bank reported a net profit of Rs 54.62 crore for the quarter ended March 2024, which was down from Rs 808 crore in the year ago period.
ONGC Q4 profit jumps 19x to Rs 9,869 crore (21-05-2024)
Revenues fell 4.5% from a year earlier to ₹34,637 crore in the fourth quarter. The operational cost fell 12% in a year to ₹25,456 crore in the quarter on lower exploration cost write-off.
Global bond play: With depth will come volatility, too (21-05-2024)
Vikas Jain, head of India trading, fixed-income, currencies and commodities at Bank of America, said as foreign investment in Indian bonds heads toward the 10% weight on the JP Morgan bond index next year, the process of discretionary weighting changes would start to play out, creating a more complex trading environment.
Earnings surprise offers opportunities; stocks could return 10-34% (21-05-2024)
Among them, 20 are likely to offer returns exceeding 10% over the next one year as per analysts’ consensus estimates, data showed. For instance, Raymond reported an EPS of Rs 246 in FY24 compared to Rs 79 in FY23, which is 84% higher than analysts’ estimates.
It’s buy-the-dips time; Nifty support at 22,300 (21-05-2024)
Amid high volatility last week, indices retested the support zone at 21,825, which was closer to the previous three swing lows of February, March and April 2024, and after that, witnessed a strong rebound leading to a close above 22,500 with a gain of 2%.
Speedier Wall Street trades putting global finance on edge (20-05-2024)
Spurred on by the original meme-stock frenzy, the Securities and Exchange Commission is pushing the shift to reduce the chance of something going wrong between when a trade is executed and when it's settled. But the switch to what's known as T+1 comes with risks of its own.