The S&P 500 hit a record high after the Federal Reserve cut interest rates by 50 basis points and hinted at more cuts. Major stocks like Tesla, Apple, and Nvidia saw significant gains. Better-than-expected jobless claims data also boosted market sentiment. The Nasdaq and Dow Jones also reached new highs.
Congress demands SPG security for Rahul and Priyanka Gandhi amid controversy (20-09-2024)
The Congress party has come to the defense of Rahul Gandhi following controversial remarks by Union Minister Ravneet Bittu. AICC spokesperson Kuldeep Rathore criticized Bittu and the BJP, expressing concerns for the safety of Rahul and Priyanka Gandhi. Rathore called for the restoration of their SPG security and urged Bittu to apologize.
S&P 500 hits record high buoyed by economic hopes: Markets wrap (20-09-2024)
Wall Street traders are optimistic about the Federal Reserve’s ability to achieve a soft landing, leading to a rally in riskier markets. The S&P 500 hit its 39th record high in 2024, with tech stocks leading gains. The Fed’s recent rate cut has bolstered hopes of avoiding a recession.
Tata Motors – DVR (20-09-2024)
When can we expect share credit? It’s not done on 18th.
Stock market live updates: Sensex, Nifty to open flat with negative bias on valuation concerns (20-09-2024)
Sensex, Nifty, Share Prices LIVE: Domestic markets are expected to open flat with a negative bias as mid- and small-cap stocks face pressure due to valuation concerns, while large-cap stocks are likely to consolidate. Analysts from Emkay Global Research expect the Reserve Bank of India to follow the U.S. Federal Reserve’s lead in cutting interest rates, potentially in October or December 2024, easing liquidity conditions. Despite weak overall demand, early signs of revival in rural consumption have been observed, driven by welfare spending and reduced inflation. In contrast, premium consumption is struggling due to tightening credit and job losses in white-collar sectors. The FMCG sector stands to benefit from the rural resurgence. Meanwhile, technical analysts note that Nifty faces resistance around the 25,600-25,620 levels and recommend a “Sell on Rise” strategy unless the index breaks above 25,620.
Nifty Pharma, FMCG indices range-bound; Check support and other levels here (20-09-2024)
The Nifty Pharma Index is currently trading in a defined range between 23,700 and 22,700. This suggests that the market is experiencing indecision, with neither buyers nor sellers dominating.
NPST – Technology Provider for UPI Tech (20-09-2024)
Good point Rupesh but I wonder why analyst and big investors weren’t worried about this back then vs acting suddenly now? Why is the reaction so late?
Tupperware (the Brand) May Fail. Tupperware (the Word) Will Survive. (19-09-2024)
The company behind the resealable containers filed for bankruptcy, but the term outgrew its origins decades ago.
Nike C.E.O. John Donahoe to Be Replaced by Elliott Hill (19-09-2024)
Elliott Hill, an executive who left the company after Donahoe’s appointment in 2020, will return as chief executive, Nike’s board said.