The whole of Asia’s stock markets dipped as traders anticipated the U.S. Federal Reserve’s rate decision on Wednesday domestically while China kept its one-year and five-year lending prime rates constant. The prime rates for China’s one-year and five-year loans were maintained at 3.45% and 4.2%, respectively. Japan released its August trade data to the region,…
Global markets – At $2.73 per 1,000 cubic feet for October delivery, natural gas prices increased by 9 cents. Bullion At $1,953.40 per ounce, gold for December delivery increased $7.20. At $23.50 per ounce, silver for December delivery increased by 11 cents. Prior to the Federal Reserve’s expected announcement on key interest rates on Wednesday,…
Global Market Updates: The US stock market saw a dramatic correction on Friday, with all three major benchmark indices, the Nasdaq, Dow Jones, and S&P 500, falling significantly. The Dow Jones Index fell 0.83 percent, the S&P 500 fell 1.22 percent, and the Nasdaq Composite fell 1.56 percent. The S&P 500 and Nasdaq reversed their…
Tata Sons IPO: Tata Sons must prepare for a public listing by September 2025 in order to maintain its ‘upper-layer’ NBFC (Non-Banking Financial Company) classification. ‘Upper-layer’ NBCs must list within three years of being informed, per RBI regulations. Tata Sons is one of 15 financial institutions included in the category of “upper-layer” NBFCs that the…
The Indian stock market will launch the Investor Risk Reduction Access (IRRA) portal for trading members in an effort to combat technical difficulties or interruptions. According to the SEBI circular, trading members will have access to IRRA across exchanges starting on October 3rd, 2023. The TMs enabling Internet-based trading (IBT) and security trading via wireless…
The Nifty has gained roughly 15-16 percent in the last two years, which is not a lot for the index, he remarked in an interview with CNBCTV18. – Atul Suri According to Atul Suri of Marathon Trends, the Indian stock market is not in bubble territory, and the NSE Nifty 50 has the ability to…
In an initial public announcement dated May 21, 2023, Transworld Holdings stated that it intended to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping & Logistics Ltd. The proposed delisting from BSE and The National Stock Exchange of India has received in-principle permission, according to Shreyas Shipping & Logistics (SSL), which announced…
The Rs 10,000 crore buyback program, which equates to approximately 2.4% of outstanding shares at a maximum price of Rs 3,000 per share, improves L&T’s confidence. It is still Citi’s top pick for the medium term. The market capitalization of engineering giant Larsen & Toubro reached Rs 4 lakh crore on September 7 due to…
The US dollar’s strength and the rising price of crude oil are expected to cause the Indian stock market to open lower on Thursday – Global Markets. Global Markets were divided, while the US stock market finished down due to worries that interest rates will stay high for a longer period of time due to…
As China and US interest rates rise, Prior to important readings on U.S. services, Chinese trade, and inflation later in the week, a holiday in the United States made for a sluggish start. The Federal Reserve stopped hiking U.S. interest rates on Monday, and markets bet Beijing’s gradual easing of policy support would be sufficient…
