Japan’s Nikkei share average fell over 4% due to a stronger yen after Shigeru Ishiba, perceived as a monetary policy hawk, won the prime ministerial contest. The broader Topix index also declined, and government bond yields rose. Ishiba’s stance on monetary policy remains unclear as he assumes office on Tuesday.
Positive Breakout: These 7 stocks close cross above their 200 DMAs (30-09-2024)
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.
Manba Finance shares to debut today; GMP indicates strong listing (30-09-2024)
Manba Finance shares are set to debut on the exchanges today, with a strong grey market premium indicating potential gains for investors. The company plans to use the proceeds to bolster its capital base. Manba Finance has shown significant growth in two-wheeler loans and posted a substantial profit increase in FY24.
Canara Bk, Coal India are top buying bets by Osho Krishan of Angel One (30-09-2024)
Canara Bank has showcased a strong resurgence from the pivotal support of 200 SMA on the daily time frame chart and has bounced to witness a sloping channel breakout
Stocks that will seee action today: September 30, 2024 (30-09-2024)
Buzzing stocks: BSE, Zomato, Reliance Industries, RInfra, Adani Enterprises, Adani Energy, PNB, Apollo Hospitals, Angel One, Future Lifestyle, Lupin, Biocon, Zydus Lifesciences, Dr Reddy’s Lab, BEL, ICICI Prudential, REC, SW Solar, Welspun Enterprises, KRBL, Kohinoor Foods, Chaman Lal Setia, Pidilite, NHPC, Mahanagar Gas
Yen steadies, dollar slips as China reaches for stimulus (30-09-2024)
Japan’s yen steadied after a surge, with incoming Prime Minister Shigeru Ishiba indicating monetary policy should remain accommodative. The dollar slipped against commodity currencies amid expectations of a turnaround in China’s economy. Analysts are closely watching upcoming U.S. jobs data and European inflation figures for further market direction.
Gold set for quarterly gain; Fed’s Powell comments in focus (30-09-2024)
Gold prices rose on Monday, heading for a fourth consecutive quarterly gain. This increase is driven by expectations of a significant U.S. rate cut and rising Middle East tensions. Investors are also awaiting comments from Federal Reserve Chair Jerome Powell. Meanwhile, physical gold demand in key Asian markets has contracted due to record-high prices.
Oil prices rise on Middle East supply risks as Israel steps up attacks (30-09-2024)
Oil prices rose slightly on Monday due to concerns over potential supply disruptions from the Middle East after Israel intensified attacks on Iranian-backed forces. Brent crude futures for November delivery increased by 16 cents to $72.14 a barrel. The market is also awaiting comments from Federal Reserve Chair Jerome Powell regarding monetary policy easing.