Disclosures by Sebi members not said to face checks for violations (27-09-2024)
Disclosure requirements for board members at India’s capital market regulator are under scrutiny following allegations against chairperson Madhabi Puri Buch. The current system requires members to disclose holdings but lacks thorough verification, raising concerns about potential conflicts of interest. Calls for revamping rules to mandate trading plans and approvals have emerged.
Stock Market Today: Accenture guidance, S&P 500 record high, KRN Heat IPO (27-09-2024)
Share market today: S&P 500 ended at a record closing high overnight, while Dow Jones and Nasdaq Composite finished with gains
US polls to test optimism in stocks, says Goldman Sachs (27-09-2024)
The US presidential election may impact investor optimism in the stock market, despite a recent recovery. Goldman Sachs strategists highlight concerns over policy uncertainty, especially regarding corporate tax reform. Additionally, doubts about the benefits of high spending on artificial intelligence could affect stocks. International diversification might offer more advantages towards year-end.
Silver surges to highest since 2012 as precious metals rally (27-09-2024)
Silver reached its highest level since 2012, while gold hit a new record as expectations for further Federal Reserve interest-rate cuts boosted precious metals. Silver climbed to $32.71 an ounce, extending this year’s gain to 37%. Gold hit a record of $2,685.58 an ounce before paring gains to trade at $2,664.85.
$900 mn inflows! Trent, BEL, Canara Bank to enter Nifty50 today (27-09-2024)
Trent, Bharat Electronics, and Canara Bank are set to benefit from the Nifty indices rebalancing on Friday. Divi’s Laboratories and LTIMindtree will exit the Nifty 50 index, likely facing selling pressure. The National Stock Exchange will also rebalance other indices like Nifty Bank and Nifty Next 50 based on semi-annual reviews.
Stocks To Watch: HDFC, IT stocks, Torrent Pharma, Ola Electric, Adani Green (27-09-2024)
Stocks to watch today: With Accenture raising its revenue guidance for FY25 to 3-6 per cent, exceeding its previous guidance, IT stocks in India would be in focus today.
D-Street at record high: Bullish F&O rollovers suggest momentum likely to continue (27-09-2024)
Traders have carried forward bullish futures bets to the October derivatives series as India’s stock benchmarks, NSE’s Nifty and BSE’s Sensex, hit record highs. Analysts suggest the momentum is likely to continue, with Nifty potentially reaching 26,500-26,600 levels. The Volatility Index dropped, indicating reduced market risk.