Shares of SpiceJet will attract attention on Tuesday as Plutus Wealth Management LLP acquired 85 lakh shares. The shares were bought at Rs 59.95 each, an increase from the previous closing price. This is the fifth block deal in less than a week, with other significant acquisitions recent as well, boosting SpiceJet’s financial prospects.
At multi-year highs: These 4 stocks witness 5-year swing high breakout (01-10-2024)
This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.
New York Fed’s reverse repo facility sees cash surge on last day of Q3 (01-10-2024)
Eligible firms have placed $465.6 billion in the New York Federal Reserve’s reverse repo facility, the largest amount since late June. This spike is linked to the end of the third quarter. Analysts expect these high inflows to decline soon. The reverse repo facility has seen a reduction in usage as the Fed removes pandemic-era stimulus.
Positive Breakout: These 4 stocks close cross above their 200 DMA (01-10-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Share Market Today: Sebi Bd meet outcome, Israel War, Powell on rate cuts (01-10-2024)
At 7:20 AM, GIFT Nifty futures were trading approximately 8 points higher at 25,998 against Nifty futures close, suggesting a muted opening.
Fed sees no ‘hurry’ to cut rates as confidence in economy grows, Powell says (01-10-2024)
Federal Reserve Chair Jerome Powell said that the central bank will likely continue with quarter-percentage-point interest rate cuts and is not in a hurry to cut rates quickly. Powell emphasized confidence in ongoing economic growth and consumer spending. The Fed aims to maintain low unemployment and manage inflation towards its 2% target.
Global investors call time on their exodus from China (01-10-2024)
Global investors are showing renewed interest in China due to Beijing’s efforts to reverse economic slowdown and support stock markets. Increased focus on consumer spending and easing home-buying restrictions are key factors. Institutional investors are cautiously optimistic as they await more detailed policy plans from Beijing before making significant investments.