Wall Street’s main indexes slipped on Tuesday ahead of the first of multiple job reports this week, a day after Federal Reserve Chair Jerome Powell pushed back against market expectations for outsized interest rate cuts.
Posts in category Economic Times
Dabur Q2 update: Co to likely report mid-single digit decline in cons revenue (01-10-2024)
FMCG major Dabur India is expected to post a mid-single digit decline in consolidated revenue for the quarter ended September 30, 2024 amid correction in its India operations though the international business is expected to register double digit constant currency growth in topline, the company said in its quarterly update on Tuesday.
Tech view: Nifty signals indecision, forms small candle. How to trade on Thursday (01-10-2024)
Despite a small candle with an upper shadow appearing on Tuesday’s market chart, Nagaraj Shetti of HDFC Securities observed a lack of strong selling activity to confirm this bearish indication. Essentially, the market showed a potential signal for downward movement, but traders didn’t act on it aggressively, suggesting some uncertainty in the market.
FPIs increase net flows in the secondary market in September (01-10-2024)
A strong net inflow by foreign portfolio investors (FPIs) in September has turned their total secondary market investment in Indian equities positive for the calendar year so far to $4,140.3 million (Rs 34,554 crore) compared with a net outflow of $1,417 million (negative Rs 11,998 crore) at the end of August.
Nifty or Nifty Bank? Each exchange can offer only 1 weekly options expiry from November 20 (01-10-2024)
Market regulator Sebi has tightened the derivative norms by rationalising the weekly expiry contracts for the options segment. Under the new rules, exchanges can offer expiry contracts for only one index.
Sebi announces 6-step framework to get Indians rid of F&O addiction (01-10-2024)
To curb excessive speculation in the stock market, Sebi is tightening the rules for futures and options (F&O) trading. Starting November 20th, the minimum amount needed to invest in index F&O contracts will increase significantly. Currently, investors can participate with as little as Rs 5-10 lakh. This threshold will be raised to Rs 15 lakh, making these contracts less accessible to smaller investors. Sebi will also periodically adjust this minimum investment amount to ensure it stays between Rs 15 lakh and Rs 20 lakh.
Typhoon Krathon shuts Taiwan’s $2.5 trillion stock market (01-10-2024)
Taiwan will close its stock market on Wednesday due to Super Typhoon Krathon. Schools and offices are also closed in many parts of Taiwan. Taiwan has been experiencing typhoons and has canceled flights, ship sailings, and some train services.
Adani flagship’s $1.3 billion share sale said to start next week (01-10-2024)
Gautam Adani’s Adani Enterprises Ltd. plans a $1.3 billion share sale via a qualified institutional placement starting as early as Oct. 7. The move follows a short-seller’s 2023 allegations of fraud, which led to a significant stock drop. The share issue aims to signal investor confidence and revive expansion efforts.
Top 5 Nifty companies by sales performance over last 10 quarters (01-10-2024)
It indicates growing demand for the company’s products or services, successful management strategies, and potential for market expansion.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (01-10-2024)
Lakshmi Finance, Jay Shree Tea, DCW Ltd, Zee Media Corp and IIFL Securities, hit their fresh 52-week highs during the day.