MUMBAI : The National Bank for Financing Infrastructure and Development (NaBFID), India’s youngest state-backed infrastructure financier, on Thursday said it has raised ₹10,000 crore in its maiden bond issue. The infrastructure financier said it received bids of ₹23,629.5 crore and the bonds were oversubscribed by about 4.7 times, as againstRead More →
US stocks advanced on Tuesday after modest rise in inflation in May. The S&P 500 gained 0.69% to end at 4,369.06. The Dow Jones Industrial Average rose 0.43% to 34,212.25 points. The Nasdaq gained 0.83% to 13,573.32 points. A US labor department report showed that the consumer price index (CPI) rose 0.1% in MayRead More →
US stocks rose on Thursday on hopes that the Federal Reserve will not hike interest rates next week. The S&P 500 gained 26.41 points, or 0.62%, at 4,293.93. The Dow Jones Industrial Average rose 168.59 points, or 0.5%, at 33,833.61. The Nasdaq Composite added 133.63 points, or 1.02%, at 13,238.52. InvestorsRead More →
On the Wall Street, US stocks closed mixed on Wednesday on profit-booking ahead of key economic data and Fed policy meet next week. The S&P 500 fell 16.33, or 0.4%, at 4,267.52. The Dow Jones Industrial Average gained 91.74, or 0.3%, at 33,665.02. The Nasdaq composite fell 171.52, or 1.3%,Read More →
US stocks gained on Tuesday as investors awaited inflation data and the Federal Reserve’s monetary policy meet next week. The S&P 500 rose 10.06 points, or 0.2%, at 4,283.85. The Dow Jones Industrial Average edged up by 10.42, or less than 0.1%, at 33,573.28. The Nasdaq composite gained 46.99, orRead More →
US stocks fell on Monday as investors weighed whether the US central bank might pause rate hikes after growth slowed in the services sector. The S&P 500 fell 8.58 points, or 0.2%, at 4,273.79. The Dow Jones Industrial Average lost 199.90 points, or 0.6%, at 33,562.86. The Nasdaq composite declinedRead More →
US stocks rose on Thursday on hopes that the Federal Reserve may pause interest rate hikes and on approval to debt deal. The S&P 500 gained 41.26 points, or 0.99%, at 4,221.09. The Dow Jones Industrial Average rose 154.09 points, or 0.47%, at 33,062.36. The Nasdaq Composite added 165.70 points,Read More →
Global stock markets slumped on Wednesday as US debt limit deal faced backlash from hardline Republican and on weakening Chinese economy. US stocks fell as investors awaited a crucial vote in Congress on debt deal. The S&P 500 lost 25.39 points, or 0.60%, at 4,180.13. The Dow Jones Industrial AverageRead More →
US stocks closed mixed on Tuesday amid worries over whether the US Congress will pass a debt ceiling deal. The S&P 500 gained 0.15 points to finish flat at 4,205.6. The Dow Jones Industrial Average fell 50.49 points, or 0.15%, at 33,042.85. The Nasdaq composite rose 41.74 points, or 0.32%Read More →
European shares fell on Monday on losses in technology and bank stocks. The pan-European STOXX 600 index ended 0.1% lower. Germany’s DAX fell 0.2% at 15,952.73. France’s CAC 40 declined 0.2% at 7,303.81 points. Spain’s IBEX lost 0.1% after Prime Minister Pedro Sanchez unexpectedly called a snap national election. SwedishRead More →
