In a time when social media tends to rule the day, what can traditional news organizations to do regain trust?
Stocks that will see action today: October 8, 2024 (08-10-2024)
Buzzing stocks: HDFC Bank, Sobha, Puravnkara, BEL, Ircon International, Nykaa, Northern Arc, MOIL, Hi-Tech Pipes, Mahanagar Gas
Market Today: State elections, Israel War, Oil, Garuda Construction IPO (08-10-2024)
At 6:38 AM, GIFT Nifty Futures were trading 114 points lower at 24,871, indicating a potential gap-down opening for Indian markets.
Gold flat as markets await Fed minutes (08-10-2024)
Gold prices remained stable as investors anticipated the release of the U.S. Federal Reserve’s meeting minutes and upcoming economic data for indicators on potential policy easing. Meanwhile, geopolitical tension in the Middle East and a strong U.S. jobs report influenced market expectations on future rate cuts.
China markets reopen with a roar after week-long break (08-10-2024)
Chinese stock markets saw significant gains, with the CSI300 hitting two-year highs and the Shanghai Composite rising to its best levels since December 2021. Investors are optimistic about aggressive stimulus measures, though some urge caution given the current substantial market gains.
Dollar holds on to 7-week highs as traders consider US rates outlook (08-10-2024)
The dollar maintains its seven-week highs as robust US jobs data and investor expectations of fewer significant rate cuts by the Federal Reserve fortify its position. Key focus areas include the upcoming U.S. inflation report, minutes from the Federal Reserve’s September meeting, and China’s markets reopening.
Oil edges lower after rallying to highest in over a month on Middle East war risk (08-10-2024)
Oil prices slightly dropped in early Asian trading on Tuesday as traders took profits after a strong rally due to escalating conflict in the Middle East. Brent and U.S. West Texas Intermediate futures both saw declines, despite significant gains from heightened geopolitical tensions and potential supply disruptions.
Stocks to Watch: Northern Arc, Tata Motors, Ola Electric, Morepen Labs, BoB (08-10-2024)
Stocks to Watch: Morepen Laboratories plans to separate its medical devices business.
Nifty Financial Svcs eyes key support level: check trading strategy here (08-10-2024)
The Nifty Finance Index has experienced a sharp correction over the past seven days, bringing it close to critical support levels at 23,000 and 22,500