All eyes on Federal Reserve chief Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium
Posts tagged BL
Stock Market Live Updates 20 August 2024: Sensex, Nifty to open higher amid bullish US stocks; analysts expect consolidation (20-08-2024)
Sensex, Nifty, Share Prices LIVE: Indian markets are set for a positive opening on Tuesday, buoyed by bullish momentum in US stocks. Gift Nifty at 24,670 suggests a gap-up opening of approximately 70 points for Nifty. However, analysts expect the market to remain in a consolidation phase due to a lack of domestic triggers. With the Q1 earnings season concluded, attention has shifted to global events, particularly Federal Reserve Chairman Jerome Powell’s upcoming speech at the Jackson Hole Economic Policy Symposium, which is expected to provide insights into future interest rate policies. Sector rotation and stock-specific activities are likely to dominate, with niche sectors like sugar drawing attention due to festive demand and potential government action on ethanol pricing. Analysts also emphasize the importance of monitoring the Banking index and global developments, as these factors are expected to influence market dynamics significantly. Technically, Nifty’s failure to sustain gains and increased volatility signal caution for bulls.
IndusInd Bank gets RBI nod to launch AMC arm (19-08-2024)
Stock end 1.3% lower at ₹1,347.70
Rising demand to boost private sector investment (19-08-2024)
Rural consumption spending on the back of growing incomes is beginning to drive volume growth in FMCG: RBI
SEBI eases borrowing norms for AIFs (19-08-2024)
Allows Category-I and Category-II AIFs to borrow for the purpose of meeting temporary shortfall in drawdown amount, with 30 days cooling-off period between two periods of borrowing
DRI officials detain over 400 ‘organic’ rice containers at 3 ports (19-08-2024)
Detention at JNPT, Munda and Kandla follows businessline’s report of irregularities in such shipments violating ban on exports of white rice
SEBI mulls measures to curb intermingling of IPO bids (19-08-2024)
Several offerings in the past have seen a high number of applications getting rejected during allotment, especially in the employee category
India-focused offshore funds, ETFs see steady inflows (19-08-2024)
The asset base of these funds is up 42 per cent to $102 billion against $72 billion logged last December
Broker’s call: Senco Gold (Buy) (19-08-2024)
Emkay Global
Broker’s call: IRCTC (Reduce) (19-08-2024)
PL Capital