Global market today: As soft economic data fueled recession fears, sending investors fleeing for safe havens, US stocks sold off, closing deep in negative, and Treasury yields dropped on Tuesday. SGX Nifty today opened higher and trading in more than 100 points range that augurs big movement on Dalal StreetRead More →
March quarter results of banks, financials, and IT companies among others will drive the sentiments of the market this week. A few investors will remain on the sidelines as they are waiting for policy announcements by the US Fed and Bank of England which are scheduled to be released inRead More →
The Singapore bourse informed its trading members in a circular that NSE IFSC-SGX Connect at International Financial Service Center in GIFT City will become operational on 3 July after the transition of SGX Nifty derivatives to NSE IFSC. SGX Nifty, which opens at 6:30 am IST, is used as anRead More →
Global markets today: Global investors are eyeing US earnings reports, with Goldman Sachs issuing disappointing results as its showed traders failed to capitalise on Wall Street’s fixed-income boom, contributing to firmwide revenue that trailed estimates. Bank of America Corp rose after profit beat expectations. Investors are also keeping an eyeRead More →
IT cos are prepping to announce their fourth-quarter earnings for FY23 later this week. TCS will be the first to kick start the season followed by peers Infosys and HCL Tech. The sector is expected to witness a seasonally weak quarter, with muted growth seen in both revenue and margins.Read More →
Indian stock market will be firmly under the grips of bears as global banking stocks continue to remain volatile. Domestically, RBI policy decisions will drive the market in the coming weeks. RBI will begin its 3-day monetary policy meeting on April 3rd and the outcome in key rates and economicRead More →
The First Citizen deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues. However, the impact of higher interest rates on the global economy still persists which has also been struggling with stubbornly high inflationRead More →
The trading activity in the domestic equity markets is expected to remain volatile this week as investors will focus on global cues for further direction, analysts said. F&O expiry, FII activity, and movement in the rupee and crude will also be watched by traders along with global bank stocks. 27Read More →
US market saw the worst day of 2023 on Tuesday as macro data points at higher rate scenario. The markets around the globe are keenly eyeing the US fed meeting minutes for hints on further monetary policy tightening. US Stocks extended last week’s fall on fears of higher rates forRead More →
Strong retail sales figures in the US helped investor sentiment who are cautious due to inflationary pressures and fear of recession. Meanwhile, most Adani stocks closed higher on Wednesday. MSCI said it will postpone the implementation of updates to the Foreign Inclusion Factors for two of the Adani Group companies–AdaniRead More →
