On Tuesday, Bank of America reported third-quarter profit above projections thanks to higher-than-anticipated interest income. What the business reported is as follows: The Charlotte, North Carolina-based bank reported a 10% increase in profit to $7.8 billion, or 90 cents per share, from $7.1 billion, or 81 cents a share, a year earlier. The amount of…
Today’s global markets saw a decline in US stocks and an increase in Treasury yields following strong economic statistics. Strong retail sales figures and earnings from Bank of America and Goldman Sachs that are above expectations have given rise to hopes that the US Federal Reserve may maintain its tight monetary policies for an extended…
The explosion at the hospital that left hundreds dead was being blamed on both Israeli and Palestinian officials, complicating U.S. President Joe Biden’s already tumultuous tour to the area – China data. As expectations for the crisis’ containment were dashed by the explosion at a Gaza hospital on Wednesday, Asian shares stumbled, and bonds suffered…
IndusInd Bank Ltd.: Ahead of the release of its Q2 results, shares of the private lender fell by about a percent to Rs. On October 18, the bank is expected to make its results public. According to brokerage firms, the net interest income of the private sector lender may increase by 19% in Q2, but…
Rupee and US dollar: Early on Tuesday, a strong trend in local equities helped the rupee strengthen by 5 paise to 83.22 against the US dollar. The local currency gained 5 paise from its prior close to reach an early high of 83.22 against the dollar. It started the day at 83.24 against the dollar….
Nifty 50 and Sensex: Investors continue to be wary of riskier stocks out of concern for an economic impact from the Israel-Hamas conflict. If the conflict worsens and spills over to other nations, the price of crude oil will skyrocket, dealing a serious blow to the world economy, which is already struggling as a result…
Navaratri 2023: This holiday season, are you planning to purchase a home? In Hindu culture, Navratri is regarded as a lucky time. It is thought that investing in real estate during this nine-day festival can bring you blessings. Builders frequently release tempting offers and discounts during this time to entice potential customers. Experts predict that…
Today’s stocks to watch: Due to weakness in the Asian market and factors such as rising US bond yields, a surge in crude oil prices, and the Israel-Palestine conflict, India’s major benchmark equity indexes are anticipated to open Monday’s trading session on a sluggish note.Compared to the spot Nifty50 index close of 19,754 last week,…
Stock to buy: Despite a sell-off in key benchmark indices, small-cap firm JTL Industries managed to reach a new high of 249.40 per share on the NSE during Friday trading. Despite missing market expectations in its Q2 results 2023, the small-cap firm was able to achieve so. Interestingly, some reputable brokerages anticipate that the small-cap…
News about the US dollar rate index: In the morning in Asia, the US rate index, which compares the US currency to six of its key rivals, was trading at 106.49. News about the US dollar index: Stayed strong on Friday, exerting pressure on a basket of currencies as higher-than-anticipated US consumer inflation rekindled expectations…
