US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields. Meanwhile, a spike in oil prices ensued following Iran’s President’s remarks at the UN, impacting overall market sentiment. Despite this, US business activity surged to remarkable levels, raising speculation about […]
Melania Trump rings New York Stock Exchange opening bell to launch new women’s initiative Imperia
On Wednesday, Melania Trump celebrated the launch of her initiative, Imperia, at the New York Stock Exchange, championing women’s leadership and economic empowerment. She emphasized the significant impact women make on the global economy during her remarks. Furthermore, she brought attention to global issues like the reunification of war-separated children. Excitingly, a new docuseries centered […]
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation remains above the target of 2%. The central bank recently raised the policy rate to a range of 3.75%-4.00%. Barr’s perspective contrasts with the Fed Chairman, who has not provided […]
10-year US Treasury yields surges over 5.05% to 19-year high
The 10-year US Treasury yield climbed to 5.058%, its highest level since July 2007, as fresh services and manufacturing data raised concerns about further Federal Reserve rate hikes. Rising yields intensified pressure on equities, particularly growth and technology stocks.
Sensex crossed 85K for first time 2 years ago, now down 10K points from milestone. What can trigger the next bull run?
Two years ago, Sensex soared to an impressive 85,000, but the market has seen a steep decline since then. This downturn is attributed to several factors, including high crude oil prices and geopolitical instability. Analysts believe a change in macroeconomic conditions could help the index bounce back, relying heavily on the performance of large-cap stocks […]
Rupee slips as dollar gets Fed hike expectations tailwind
On September 23, the Indian rupee ended weaker at 95.74 against the dollar amid global financial trends. Expectations of further US Federal Reserve rate hikes have increased the strength of the dollar. Asian currencies also experienced declines, with some falling 0.3%. Despite this, state-run banks helped limit the rupee’s losses through dollar sales.
Chasing IPO debut highs? All 10 listing multibaggers of last 2 years bleed negative returns
Recent IPOs are turning into a headache for investors, as nearly all are now falling beneath their initial listing highs. For instance, Vibhor Steel Tubes and Mamata Machinery have seen drastic declines from their early performances. While a few stocks maintain values above their original prices, many investors find themselves grappling with losses due to […]
Top 5 SIFs deliver over 23% in 6 months; QSIF Equity Ex-Top 100 Long-Short SIF leads
10 midcap stocks that soared up to 105% in 6 months; check FII and MF holdings
India’s midcap stocks outperformed the Nifty 50 over six months, with 10 stocks gaining 50%-105%, alongside notable FII and mutual fund holdings.
Bitcoin holds near $86,000 as spot Bitcoin ETF inflows hit 11-month high of $999 million
Bitcoin traded near $86,000 after US spot Bitcoin ETFs recorded nearly $999 million in single-day inflows, their strongest in 11 months. Institutional demand and short liquidations supported the rally, while analysts watched $89,000 as a potential trigger toward $100,000.