Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low against a basket of currencies. The Fed’s move was aimed at sustaining low unemployment amid easing inflation, with further rate cuts expected in the coming years.
US stocks close slightly lower, trade choppy after Fed rate cut
U.S. stocks ended with modest losses on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the first reduction in over four years. The Dow, S&P 500, and Nasdaq all experienced intraday highs before closing lower. Small cap stocks and regional banks saw gains, while trading remained choppy throughout the day.
11 stocks boast over 20% gains in every Q3 for 4 yrs
It is interesting to be watchful of the consistently performing stocks. ETMarkets analysis found that there are 11 stocks on BSE universe which have gained over 20% in each of the October to December quarters for the last 4 years. We considered only stocks with a market cap of over Rs 1,000 crore. It is […]
How to trade BSE, ICICI Bank and Hero MotoCorp
Indian market pared gains after hitting record high in intraday trade on Wednesday.The S&P BSE Sensex fell more than 100 points after hitting a high of 83,326 while Nifty50 was down by 41 points after scaling a record peak of 25,482.
These 5 FMCG stocks hit fresh 52-week highs and rallied up to 35% in a month
Reaching a 52-week high marks a stock’s strongest performance in a year, a crucial indicator for assessing investment potential.
Rs 1 lakh mutual fund SIP can be the new status symbol: Radhika Gupta of Edelweiss Mutual Fund
Radhika Gupta, CEO of Edelweiss Mutual Fund, suggests that with India’s financialization, the new measure of wealth should be the size of one’s monthly SIP book. She envisions young people proudly discussing their SIP investments rather than properties.
NTPC Green Energy files draft papers for Rs 10,000 crore IPO
NTPC Green Energy has filed draft papers for a 100 billion rupees initial public offering, aiming to benefit from India’s renewables expansion and a strong equities market. The company will issue new shares, with no existing shareholders selling stakes. This move aligns with India’s goal to add 500 GW of clean energy by 2030.
Nazara Technologies to raise Rs 900 crore in its biggest fundraise; acquires additional stake in Absolute Sports
Nazara Technologies announced a Rs 900 crore fundraising through preferential equity. The funds will be used for acquisitions, business expansion, and growth opportunities. Marquee investors like SBI Mutual Fund and Think Investments are participating in the round.
Govt to dilute up to 7% equity in IREDA through QIP, raise Rs 4,500 crore
State-owned Indian Renewable Energy Development Agency (IREDA) said it has received the government’s approval to raise up to Rs 4,500 crore through an issue of equity shares to qualified institutions placement.
Tech view: 25,500 crucial resistance for Nifty; decisive up move to take index higher. How to trade on Thursday
Nagaraj Shetti of HDFC Securities believes the short-term outlook for the Nifty is positive but with limited price movement. He suggests dips towards 25,200-25,100 could offer attractive buying opportunities. A decisive move above 25,500 might propel the Nifty toward higher targets.