Oil prices have fallen for a third consecutive day, driven by expectations of increased supplies from Libya and the OPEC+ group. Brent crude futures dropped to $71.03 per barrel, while U.S. West Texas Intermediate crude fell to $67.09 a barrel. The market is cautious about global oil balances in 2025.
Posts in category Economic Times
Wall St closes higher on strong US economic data (27-09-2024)
The S&P 500 reached a record high, with the Dow and Nasdaq also rising. Micron Technology shares surged due to strong demand for memory chips. Positive U.S. economic data eased concerns about aggressive rate cuts by the Federal Reserve. Chinese stimulus plans boosted metal prices, while energy stocks fell.
Stocks in news: Biocon, SJVN, Adani Green, Union Bank, Nuvama Wealth (27-09-2024)
Stocks in news: Markets saw a nearly 1% rise on the monthly expiry day, driven by favorable cues. Key stocks in focus include Biocon, SJVN, Adani Green, Union Bank, and Nuvama Wealth due to various developments such as agreements, joint ventures, property sales, and potential equity sales.
Asian stocks extend rally on China, US sentiment: Markets wrap (27-09-2024)
Asian stocks continued to rise as China’s new stimulus measures and record highs in US benchmarks boosted market sentiment. The S&P 500 reached its 42nd closing record this year, while Chinese shares listed in the US surged. Traders await further details on China’s stimulus and upcoming US economic indicators.
Sebi likely to introduce MF- Lite regulations for passive funds: Madhabi Puri Buch (26-09-2024)
“We had a very detailed consultation on that and if as a part of that you feel that there needs to be relaxation in terms of how to do distribution of those kind of passive funds. We are open to any kind of suggestions so that we can facilitate growth of these funds across the country,” Buch said at an industry event.
Sebi chief Buch hopes corp bond mkt grows as rapidly as equities (26-09-2024)
Sebi chairperson Madhabi Puri Buch expressed optimism about the growth of the corporate bond market, driven by technology and transparency. She highlighted healthy primary market activity but noted a lack of secondary market engagement. Buch also addressed recent allegations against her and discussed upcoming regulations and initiatives at an Amfi event in Mumbai.
Swiggy files for IPO; aims to raise about Rs 37.5 billion (26-09-2024)
Swiggy, backed by Softbank, plans to raise Rs 37.5 billion ($448.56 million) in its IPO, one of India’s biggest listings this year. Existing shareholders like Accel India and Tencent Europe will sell about 185.3 million shares. The IPO comes amid a booming market with significant investments in quick commerce.