Market today: Apart from the reaction to the US Federal Reserve’s 50 bps rate cut, investors will focus on the last day of Northern Arc, Arkade Developers, and Western Carriers IPO
Hot on Octafx money trail, ED taps spain (19-09-2024)
Moves letter rogatory under PMLA to get evidence from Barcelona servers.
Indian markets to open flat as Fed delivers 50 bps cut; consolidation ahead (19-09-2024)
Equities across the Asia-Pacific region are mixed, with Japan stocks up around 2%, and Korea stocks down, while Australia and others ruling flat
GIFT Nifty signals a muted start for D-Street. Here’s the trading setup for today’s session (19-09-2024)
Domestic markets saw consolidation and closed with losses as investors turned cautious ahead of the US Fed policy meeting. A 25bps rate cut is expected, but a 50bps cut could boost market sentiment. The market is likely to remain volatile with rate-sensitive sectors in focus.
Ahead of $1.25-bn IPO, lesser-known company’s Swiggy share buy gets D-Street’s attention (19-09-2024)
Modern Insulators, a lesser-known firm, has invested in Swiggy by acquiring 1.38 lakh shares at ₹360 per share, valuing the food delivery giant at ₹85,320 crore. This comes as Swiggy prepares for its $1.25 billion IPO. Major investors like Prosus and SoftBank are expected to offload part of their holdings.