Wall Street’s main indexes opened slightly lower on Friday as investors held back after a jump in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve.
Posts in category Economic Times
Sebi relaxes financial disincentives norms for technical glitches, restricts it to Market Infrastructure Institutions (20-09-2024)
Securities and Exchange Board of India (Sebi) on Friday relaxed rules governing financial disincentives imposed by the regulator on Market Infrastructure Institutions (MIIs) and individuals for omissions and commissions leading to technical glitches.
India’s Solar Energy Corporation mulls IPO, to invest $2.2 billion in renewables by 2030 (20-09-2024)
State-owned Solar Energy Corporation of India (SECI) on Friday pledged to invest 180 billion rupees ($2.16 bln) in equity for renewable capacity expansion by 2030, and announced plans to go public in the next one to two years.
India’s forex reserves rise for 5th week, close in on $700 billion (20-09-2024)
India’s foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of $689.46 billion as of Sept. 13, data from the central bank showed on Friday.
Tech view: Nifty breaks 25,500 resistance, forms long bull candle. How to trade on Monday (20-09-2024)
Nifty’s short-term trend is strongly bullish after Friday’s significant surge. A brief consolidation or pause is possible before further upward movement. The next upside target, based on Fibonacci extension, is around 26,250. Immediate support is at 25,650, according to Nagaraj Shetti of HDFC Securities.
Rupee surges to 2-month high, ends at 83.562 vs US dollar (20-09-2024)
The rupee has strengthened against the dollar following the US Fed’s rate cut and positive economic commentary. Market experts predict further gains in the rupee as the interest rate differential between India and the US widens.
Stock market update: Fertilisers stocks down as market rises (20-09-2024)
The 30-share BSE Sensex closed up 1359.51 points at 84544.31
Stock market update: Sugar stocks up as market rises (20-09-2024)
The 30-share BSE Sensex closed up 1359.51 points at 84544.31
Sensex rises! But these stocks fell 5% or more in Friday’s session (20-09-2024)
In the Nifty pack, 42 stocks closed in the green, while 6 stocks ended in the red.
Stock market update: Nifty Pharma index advances 0.33% (20-09-2024)
The Nifty Pharma index closed 0.33 per cent up at 23005.25.