Asian shares rose for the fifth consecutive day, driven by Beijing’s support measures. US stocks also hit new highs amid expectations of further rate cuts. Chinese equities saw significant gains following a stimulus package. Investors are closely watching US economic data and Federal Reserve actions for future market direction.
Posts in category Economic Times
Indian market regulator greenlights Hyundai Motor India IPO, sources say (24-09-2024)
India’s market regulator has approved an initial public offering of Hyundai Motor India , two sources with direct knowledge of the matter told Reuters.
TVS Holdings, 2 others get CCI’s clearance to acquire stakes in Home Credit India Fin (24-09-2024)
The proposed combination involves acquisition of 100 per cent of the issued and paid-up share capital of Home Credit India Finance Pvt Ltd (Home Credit) by TVSH, STPL, K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWC Family Fund Investments Pte Ltd (GWCF) (STPL Acquirers) and PIOF, CCI said in a release.
MCX revises futures & options transaction charges. New rates effective from October 1 (24-09-2024)
MCX revised transaction fees for futures and options contracts, effective October 1, 2024. The new fees are Rs 2.10 per lakh for futures and Rs 41.80 per lakh for options. MCX offers trading in commodity derivatives across bullion, industrial metals, energy, and agricultural commodities.
Smartsheet to go private in $8.4 billion deal with PE firms Vista and Blackstone (24-09-2024)
Smartsheet develops software that offers more features and capabilities than Microsoft’s Excel, targeting organizations seeking to manage, track, and automate workflows through a unified platform.
Middle East tensions, rate cut bets power gold to record high (24-09-2024)
The current spike is being driven by a “flight to safety on Middle East concerns; that there’s going to be some renewed possible action by Iran… think we’ll continue to make another new set of highs,” said Bob Haberkorn, senior market strategist
Ahead of Market: 10 things that will decide stock action on Wednesday (24-09-2024)
Indian indices ended flat on Tuesday, with initial gains offset by profit-booking. Nifty closed at 25,940.4, up 0.01%. Analysts see a range-bound movement between 25,800 and 26,000, with support at 25,600.
Market Trading Guide: Tata Steel, Vedanta among 4 stock recommendations for Wednesday (24-09-2024)
Indian indices closed flat on Tuesday, fluctuating between minor gains and losses. Nifty remains in an uptrend, with resistance at 26250 and support at 25800.
These 5 auto stocks hit 52-week highs; rallied up to 20% in a month (24-09-2024)
Reaching a 52-week high is significant because it signifies the highest price a stock has attained in the past year, providing valuable information for traders and investors.
BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal (24-09-2024)
BofA bought 6.7 lakh shares in Exxaro Tiles Limited through a block deal at Rs 96.22 per share. Setu Securities Pvt Ltd also bought shares in the company. Exxaro Tiles is a Gujarat-based manufacturer of vitrified tiles.