Trading activity in the equity market this week will depend on macroeconomic data announcements, monthly auto sales numbers and global trends, analysts said. Bulls dominated Dalal Street last week, supported by favourable triggers like buying by Foreign Institutional Investors (FII) and a drop in crude prices. “This week, our Q2…
U.S. stock index futures edged lower on Wednesday after warnings of a looming recession from major Wall Street bankers offset optimism around the easing of China’s strict zero-COVID rules. Top executives at Goldman Sachs Group Inc, JPMorgan Chase & Co and Bank of America Corp said on Tuesday that inflation…
By Yesha Shah Was it in anyone’s realm of imagination that Samvat 2077 could be the best performing year in over a decade? Last year pre-Diwali, while India was battling the shocks induced by the pandemic, uncertainties regarding the future continued to prevail. Even amid elevated skepticism, Samvat 2077 has…
Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes “as soon as December,” even as he cautioned that inflation was still too high. While…
The Indian Rupee is likely to appreciate further amid rise in risk appetite in the global markets and FII inflows. Furthermore, dollar is showing weakness after Fed Chair Powell signalled that central bank will reduce the pace of rate hikes and is on track to increase interest rates by 50…
Morgan Stanley has upgraded China to overweight from equal-weight, given the relaxation in Covid restrictions, stabilisation in property markets, the regulatory reset wrapping-up as well as early signs of the US and China intensifying bilateral communications at both the state and business levels. Indian equities have been a beneficiary of…
Benchmark indices extended gains to end higher for the third straight session on monthly F&O expiry. BSE Sensex surged 800 pts to hit a fresh record high of 62412 before paring gains to end below the 62300 level. The NSE Nifty 50 index topped the 18500 level intraday before closing…
By Shrikant Chouhan The benchmark indices BSE Sensex and Nifty 50 witnessed a robust rally. On Tuesday, despite tepid cues, the Nifty/Sensex held the 17640/59350 support level, and in the late afternoon, it finally cleared the intraday resistance of 17725/59630. After the intraday breakout, the Nifty/Sensex rallied over 100/400 points.…
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The rate of diesel and petrol have not been changed on 7 December 2022 and costs have been steady for about six months now. The last country-wide change in fuel rates was on 21 May this year, when Finance…
Indian benchmark indices are likely to open in green, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading 20 pts or 0.11% up, signalling a flat to positive start for domestic equities. In the previous session, frontline indices snapped an eight-day rally to end in red. BSE Sensex…