Business News - Page 29

US stock market: Interest rate cut expectation spurs Wall Street higher, new records for Nasdaq, S&P 500

1 year ago

The S&P 500 and Nasdaq both ended at all-time highs following remarks from Federal Reserve Chair Jerome Powell. He indicated that the central bank would consider cutting rates before inflation hit the 2 per cent target. The S&P 500 climbed 1 per cent to 5,633.91, marking its sixth consecutive record close, while the Nasdaq Composite Index jumped 1.2 per cent, achieving its seventh straight record

Stocks to watch: JSW Steel, BLS International, Delhivery, ONGC, RVNL, and Wipro shares in focus

1 year ago

GIFT Nifty index suggests that Dalal Street is set for a flat to muted opening on Wednesday (July 10). Shares of JSW Steel are likely to be in focus due to consolidated crude steel production numbers for Q1 FY25. BLS International stocks are likely to be abuzz due to news of acquisition. RVNL's updates regarding potential orders, and ONGC announcing investment plans are likely to keep those shares in the spotlight. A block deal in Delhivery shares is expected

Stocks to watch: Shares of L&T, Inox Wind, Dixon Technologies, Swan Energy, and HFCL in focus

1 year ago

Shares of L&T are likely to be in focus due to an acquisition by its subsidiary. Inox Wind has bagged an order for wind turbine generators. Dixon Technologies may be in focus over plans to divest its stake in AIL Dixon Tech. BlackRock acquired a Rs 304 crore stake in Swan Energy, and HFCL established a new UK subsidiary for optical fiber cables

US stock market: Nasdaq, S&P 500 see new record highs, investors eye key data

1 year ago

Monday's trading on Wall Street resulted in a mixed finish for the major stock indexes and some market milestones. The S&P 500 and Nasdaq composite both reached all-time highs, with gains of 0.1 per cent and 0.3 per cent, respectively. However, the Dow Jones Industrial Average gave up an early gain and closed 0.1 per cent lower

Stocks to watch: Zydus Lifesciences, Dr Reddy's, Cochin Shipyard, and PTC Industries shares in focus

1 year ago

The Indian stock market is likely to start the day on a flat note. Asian stocks have given mixed signals ahead of the opening bell. From big orders to licensing agreements to breakthroughs in technology, take a look at why shares of Cochin Shipyard, Zydus Lifesciences, Dr Reddy's Laboratories, PTC Industries and more are likely to be in focus today

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors

1 year ago

India's inclusion in the JP Morgan emerging markets bond index is likely to strengthen the rupee by attracting significant foreign inflows. It will also lower borrowing costs for the government, allowing more money to be spent on public welfare.and help finance the current account deficit. Private businesses are set to benefit through reduced financing costs. Investors, however, may face volatility and the risk of lower bond yields. We explain how

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