The Dow Jones climbed into an all-time peak on Friday. US PPI figures showed September producer-level inflation stayed flat overall. Upbeat bank earnings helped to further bolster equities. The Dow Jones Industrial Average (DJIA) rose over 400 points bottom-to-top on Friday, bolstered into a fresh record high of 42,837 after US Producer Price Index (PPI)…
The Chinese stock market is closed for a national holiday, but futures and ETFs are trading and are on another strong run today. The Hang Seng Index is up 9.6% from its close on 30 September (there was no trading on Tuesday), the second strongest rise since the surge on 16 March 2022. Then it…
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India’s heartbeat index Nifty has shed the September seasonality baggage, hitting lifetime highs on seven sessions in a row and it is most likely to end the month with an uptick of over 3%. Barring PSU banks, IT and oil & gas stocks which have fallen by up to 2.4% at an index level, all…
With just a session left for September to end, so far Foreign Portfolio Investors (FPIs) have been net buyers of Indian equities at Rs 57,359 crore. The total investments by them now stand at Rs 1,00,245 crore on the year-to-date basis and is highest in nine months. In August, FPIs bought domestic shares worth Rs…
The Dow Jones clipped into an all-new record peak, but remains flat overall. Equities are tilted upwards, but overall market momentum remains limited. US S&P PMI figures came in mixed on Monday, but Fedspeak dominates. The Dow Jones Industrial Average (DJIA) tested into a fresh record bid on Monday, but middling US data prints and…
The Dow Jones clipped into yet another record bid on Tuesday. Investors are tilting into the risk-on side ahead of expected Fed rate cut. Markets are split on the depth of anticipated first Fed rate cut in over four years. The Dow Jones Industrial Average (DJIA) rose into a fresh record high for the second…
The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into another record intraday bid to kick off the new trading week. The largest equities on the…
The combined market valuation of eight of the top-10 most valued firms got eroded by Rs 2,01,699.77 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest laggards, in line with weak trends in equities. Last week, the BSE benchmark dropped 1,181.84 points, or 1.43 per cent. The market valuation of…
Foreign Portfolio Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after…