ETMarkets Smart Talk: Indians betting big on U.S. markets with $6 bn in direct investments: Ashish Kashyap, INDmoney
Through the direct route, Indian investors have the option to create accounts with US based brokers and remit money via the Liberalized Remittance Scheme (LRS), and invest directly in U.S. stocks and ETFs.
Asia tracks worst US selloff since August crash: Markets wrap
Asian stocks fell after Wall Street experienced its worst day since August 5, driven by weak US data and declining oil prices. The upcoming August jobs report is expected to show a modest increase in payrolls, while the Federal Reserve considers rate cuts to address economic concerns.
Wall Street drops on September worries, upcoming data
U.S. stocks fell sharply on Tuesday, marking the start of a historically weak month for the market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw their biggest declines since early August. Weak manufacturing data and anticipation of Federal Reserve interest rate decisions contributed to the downturn.
Stocks in news: General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla
Stocks in news: Domestic markets remained steady with minor changes, continuing a gradual uptrend. Key stocks in focus include General Insurance Corp, ONGC, SpiceJet, GSK Pharma, and Cipla due to various developments. Notable updates include the government’s stake sale in General Insurance Corp and ONGC’s potential refinery project.