Fed’s pivot is forcing stock-market skeptics to become believers
The admissions from these usually gloomy forecasters mark a turning point after they advised clients to stay cautious on US stocks this year — even as the market surged toward double-digit gains that have left major indexes at or near record highs.
Musk made $94 bn in ’23. How much other billionaires earned
Elon Musk’s net worth surged by nearly $94 billion in a year, while Gautam Adani, who was the world’s third richest person last year, saw his net worth fall by almost $35 billion in 2023 due to the fallout of the Hindenburg report. The Al-driven rally in tech stocks helped Mark Zuckerberg re-enter the top […]
Tech View: Nifty finds support above 21-EMA. What traders should do on Wednesday
The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently
There is a little bit more caution as we enter into 2024, especially in auto: Warren Harris, Tata Tech
“Based upon what we have seen towards the end of the calendar year I think there is a little bit more caution as we enter into 2024. But we will have full visibility in the sort of February-March time frame. So as of now, there will be more of the same although the sentiment is […]
Opportunities right now are like buses in a bus stop; every 5 minutes, another coming in: Umesh Chowdhary, Titagarh Rail Systems
“The government or the country is moving so fast. One year ago, we did not know that Vande Bharat would be such a great opportunity. One year ago, we did not know that wheels would be produced in India. One year ago, we did not know what freight targets would be or two years ago, […]
2023 drilled $35 billion hole in tycoon Gautam Adani’s wallet
In pre-Hindenburg days, the maverick businessman’s wealth saw a gravity-defying one-way movement that took him to the position of world’s second richest man for a brief period. With his fortune being estimated at around $85 billion, Adani is now the second richest Indian after Mukesh Ambani.
Stocks in news: Sapphire Foods, PNC Infratech, Nestle, NHPC, Sun Pharma
In Sapphire Foods, promoter group entities – Sapphire Foods Mauritius and Samara Capital sold stakes in the company through the open market.
Big movers on D-Street: What should investors do with IRCTC, Siemens and Nalco?
Stocks that were in focus included names like IRCTC, which rose 12%, Siemens, which fell 1.7%, and Nalco, whose shares jumped 4.7% on Monday.
World’s biggest ETF sees record $21 billion flow on stock rally
SPY’s inflows coincided with several events known to increase trading activity, said Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors. Friday was the final trading day before the S&P 500 and Nasdaq 100’s rebalancings went into effect, which can prompt funds managing trillions of dollars to readjust to align with new […]
Equity fundraises break with December tradition this year
This year’s different. It’s a bumper month for equity issuances as India Inc is poised to secure a record-breaking ₹20,989 crore from initial public offerings (IPOs), qualified institutional placements (QIPs), and other avenues such as rights issues and offers for sale, beating the previous best of ₹13,758 crore seen in December 2017.