Domestic markets surged as indices hit fresh highs, driven by the Fed’s aggressive rate cut. Nifty gained 3% in September 2024 and is nearing 26k levels. Key events like US GDP data, Fed Chair Powell’s speech, and monthly derivatives expiry are expected to keep markets active.
Gold prices steady after Fed policymakers back rate cuts (24-09-2024)
Gold prices remained steady after reaching an all-time high, following comments from U.S. Federal Reserve officials supporting future interest rate cuts. Spot gold held near $2,625.52 per ounce, while U.S. gold futures slightly declined. The Fed’s easing policy and geopolitical tensions in the Middle East also influenced market sentiments.
Oil prices rise on concerns of wider Middle East conflict, US storm (24-09-2024)
Oil prices rose on Tuesday due to concerns over the conflict between Israel and Hezbollah affecting supply in the Middle East and a potential tropical storm impacting U.S. output. Brent crude futures increased by 0.3% to $74.11 a barrel, while U.S. crude futures rose by 0.3% to $70.61.
Wall St ends slightly higher after Fed policymakers back rate cuts (24-09-2024)
U.S. stocks closed slightly higher on Monday as investors evaluated the impact of the Federal Reserve’s recent rate cut. Gains were driven by comments from Fed officials and steady factory activity data. The Dow, S&P 500, and Nasdaq all saw modest increases, with energy stocks leading gains and healthcare stocks declining.
Srestha Finvest Ltd: A Strategic Shift Towards Green Finance and Sustainable financing (24-09-2024)
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Stocks in news: Reliance Power, Coal India, AstraZeneca India, PNB, Power Grid (24-09-2024)
Stocks in news: Domestic markets started the week positively, gaining nearly half a percent. Key stocks in focus include Reliance Power, Coal India, AstraZeneca India, PNB, and Power Grid due to various developments such as equity issuance, joint ventures, and regulatory approvals.
Asian stocks rise on China stimulus optimism, Fed: Markets wrap (24-09-2024)
Asian stocks rose on optimism about potential stimulus measures from China, following positive comments from Federal Reserve policymakers. Japanese, South Korean, and Hong Kong markets saw gains. Investors are also awaiting key US economic data later this week. Meanwhile, oil prices edged higher amid geopolitical tensions in the Middle East.
Stock Market Live Updates September 24, 2024: Stock to buy today: Mankind Pharma (₹2,651.30): BUY (24-09-2024)
Sensex, Nifty, Share Prices LIVE: The outlook for Mankind Pharma is bullish. The stock has begun the week on a strong note by making a bullish breakout above the resistance level of ₹2,575. That marks the end of the consolidation that was in place since the last week of August this year. It also indicates that a new leg of the upmove has begun.