US stocks closed firmly lower on Tuesday after Iran fired over 100 ballistic missiles at Israel, pushing oil prices for West Texas Intermediate and Brent to their biggest increases in nearly a year. The S&P 500 ended little changed on Wednesday, with technology shares gaining but investors nervous about Middle East tensions and more U.S. labor data due this week. Job openings in the US surprisingly increased in August, furthering the narrative that while the labor market is cooling, it's...

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The Dow closed modestly higher Friday to mark a fresh record high, as major U.S. stock benchmarks booked weekly gains in the wake of the Federal Reserve’s large interest-rate cut on Wednesday. The coming week includes reports on US manufacturing, consumer confidence and durable goods, as well as the personal consumption expenditures price index, a key inflation measure. SpiceJet raises Rs 3,000 crore from institutional investors India Glycols tied up with Amrut Distilleries Mankind Pharma to...

The Dow ended above 42,000 for the first time ever, while also logging a record close alongside the S&P 500. U.S. stocks surged a day after the Federal Reserve cut interest rates for the first time in four years on growing optimism that the Federal Reserve's jumbo interest rate cut will deliver a "soft landing" for the US economy. Uno Minda lines up over Rs 610 crore investments on new plant in Indonesia, India capacity expansion RBI lifts restrictions on IIFL Finance's gold loan...

U.S. stocks finished lower after choppy trading in the aftermath of the Federal Reserve's decision to lower its benchmark interest rate by half a percentage point, an aggressive start to a monetary-easing cycle in the world’s largest economy. A rally that briefly drove stocks to their all-time highs bumped into a wall as the Federal Reserve signalled it’s not in a rush to ease policy after cutting rates by a half-point. Jerome Powell cautioned against assuming big rate cuts would continue....

US stocks glided near all-time highs ahead of the Federal Reserve decision, with traders divided on the size of an interest-rate cut. Crude oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time. The Government of India will no longer impose windfall tax on crude oil. India has displaced China as the world's largest MSCI EM market. As of the end of August, India is now in the pole position across EM...

U.S. stocks closed higher Friday, with the S&P 500 and Nasdaq Composite each posting its biggest weekly jump since November ahead of the Federal Reserve’s policy meeting. Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar. U.S. gold futures rallied 1% to $2605 U.S. consumer sentiment rose to a...

The US Federal Reserve is in focus next week, as uncertainty swirls over how much the U.S. central bank will cut interest rates at its monetary policy meeting on Sept 18 and the pace at which it will reduce borrowing costs in coming months. Short term trend of the Nifty remains bullish. Resistance for the Nifty is now seen at 25527, which is derived from Fibonacci extension levels. On the lower side, 24885 is expected to act as a support for Nifty. The coming week could see the Nifty picking...

All three major US stock indexes reported large intraday comebacks with the help of dip-buyers on Wednesday, overcoming earlier weakness seen following the release of the August consumer-price index. A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session. It was the first time since October 2022 that each gauge erased an intraday loss of at least 1.5%. Political developments also drove market sentiment the day after Democrat candidate Kamala...

U.S. stocks finished mostly higher on Tuesday afternoon, with the S&P 500 and the Nasdaq Composite scoring 2 day consecutive gains ahead of Wednesday's release of August's CPI inflation report. A rally in the world’s biggest technology companies lifted stocks, offsetting a slew of cautious comments from American bank executives that sent financial shares tumbling. Maruti Suzuki India to export EVs to Europe, Japan soon Lemon Tree Hotels signs a license agreement for 108 rooms hotel in...

U.S. stocks ended sharply higher on Monday, as equities bounced back from the worst week for the S&P 500 and the Dow Jones Industrial Average since March 2023. Asian stocks reversed early losses to rise marginally on Tuesday following Wall Street's overnight rally, though concerns about a still-struggling Chinese economy kept sentiment in check. GMR Airports to buy Fraport’s 10% to increase stake in Delhi airport Union Bank of India becomes 1st major bank to become signatory of...

Nifty formed a long bearish candle on daily charts on Sept 06.  On weekly charts, Nifty fell 1.52% forming a bearish engulfing pattern that could lead to some more weakness in the coming week. 24472 could be the next support on the downside while 25084 could prove tough to cross the upside in the near term. Weakness in the US markets on Friday does not help matters for the Indian markets on Monday.

U.S. stocks finished mostly lower on Wednesday, with the S&P 500 and Nasdaq closing lower for the fourth time in the past five sessions, as investors continued to focus on the prospect of an economic slowdown. The 10-year yield dropped 7.6 basis points to 3.768% or the lowest level since July 19, 2023. U.S. manufacturing data helped trigger a widespread selloff. Oil futures settled lower on Wednesday, with U.S. benchmark prices dipping below $70 a barrel for the first time since December...

U.S. stocks finished sharply lower on Tuesday to begin a historically tough month of the year for the market, as investors evaluated weak manufacturing data that reignited concerns over an economic slowdown. U.S. and global benchmark crude-oil prices fell sharply on Tuesday to turn lower year to date, as downbeat economic data from China and a weak reading on the U.S. manufacturing sector fed worries about a slowdown in energy demand. Govt. to sell up to 6.8% stake in GICRE through OFS Oil...

The US markets were shut on Monday on account of Labor Day. European shares were little changed on Monday, as investors analysed economic data for signs on the European Central bank's policy trajectory, while Germany's DAX index hit a record close, even as populist wins in state elections inserted uncertainty. The pan-European STOXX 600 index was little changed at 524.94 points, still moving around its record highs touched last week after data showed euro zone inflation fell to its slowest...

Indian markets could open flat to mildly higher, in line with mixed Asian markets today and positive US markets on Aug 30 U.S. stocks ended higher Friday, with the Dow Jones Industrial Average notching a fresh record peak ahead of Labor Day weekend. The US personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 0.2% on a monthly basis in July and 2.5% from a year ago. The result was in line with estimates from economists polled The latest...

Nifty rose on Aug 30 with an upgap and closed at record highs. In the process, it formed a doji like pattern. On weekly charts, Nifty rose 1.66%, while on monthly charts it rose 1.14%. On monthly charts, Nifty has formed a hanging man type pattern, suggesting possibility of a reversal in the coming month.  Nifty could take support from 24971 while 25400 on the upside could prove to be a resistance in the near term. The softer than expected India GDP number could dampen spirits somewhat on...

U.S. stocks closed higher on Thursday in spite of a sharp pullback late in the afternoon session, with the blue-chip Dow Jones Industrial Average closing at another record close, as traders await the Federal Reserve's favored PCE inflation gauge due on Friday ahead of the long Labor Day weekend. A rally in the S&P 500 lost traction as Nvidia Corp. extended its selloff to more than 6%. RIL will also consider issuing bonus shares to existing shareholders at a 1:1 ratio Sonata Software...

U.S. stocks were higher after the close on Tuesday, as gains in the Financials, Technology and Telecoms sectors led shares higher. The S&P 500 ended higher on Tuesday and the Dow Jones notched a record-high close ahead of a much-anticipated quarterly report from Nvidia on Wednesday and economic data expected later in the week that could give clues about the path of interest rate cuts. US consumer confidence rose to a six-month high in August as more upbeat views of the economy and...

U.S. stocks ended mixed on Monday, while awaiting Nvidia Corp.'s earnings due Wednesday and new inflation data due Friday. A gauge of the “Magnificent Seven” megacaps slid 1.2%. The Dow closed at record highs, as cyclical stocks including financials were back in favor amid a rotation out from tech ahead of a widely expected Federal Reserve cut next month. China's industrial profits grew faster in July, data showed on Tuesday, even as sluggish domestic demand weighs on the recovery in the...

OUTLOOK While rising for the seventh consecutive session, Nifty made a small negative candle on August 23 after a rise suggesting consolidation. On weekly charts, however, it rose 1.15% making a positive candle for the second consecutive week, and in the process filling the downgap made on Aug 05, thus nullifying part of the weakness. Nifty could now head towards 25078 on the upside in the near term while 24650 could provide support.

Major U.S. equities indexes fell Thursday weighed by tech stocks as the Jackson Hole Economic Policy Symposium kicked off in Wyoming. Bond yields climbed and stocks got hit, with Wall Street traders betting Jerome Powell will throw cold water on market expectations for aggressive interest-rate cuts. The 10-year U.S. Treasury yield climbed nearly 9 basis points to 3.863%. While a repeat of Powell’s brief, blunt remarks two years ago that sparked upheaval in financial markets isn’t expected,...

The S&P 500 closed higher Wednesday as the minutes of the US Federal Reserve's July meeting strengthened expectations for a rate cut next month, overriding concerns about the economy following softer labor market data. Minutes from the latest US Fed policy meeting showed several officials acknowledged a conceivable case for cutting rates, before the central bank voted to keep them steady. Chair Jerome Powell will have a chance to offer investors further clarity when he speaks in the...

U.S. stocks advanced on Monday - securing its eighth straight winning session -, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. China’s loan prime rates were on Tuesday held at 3.35% for the one-year LPR and 3.85% for the five-year LPR, in line with expectations from a Reuters poll of economists. Global risk appetite was buoyed by news that Israeli Prime Minister...

U.S. stocks closed higher Friday to book their best weekly advance since November. Strong retail-sales data Thursday helped offset concerns about potential weakness in the U.S. economy. These gains helped secure the best week of the year for all of the major indexes and the best week for stocks since November. The S&P 500 and the Nasdaq notched their seventh straight session of gains, as stocks recouped losses from a tailspin two weeks ago The Union government in India has slashed...