The Sensex and Nifty saw gains today due to broad-based buying, with both indices continuing their winning streak for the second day. The positive momentum was driven by a cooling off in oil prices, indicating a potential easing of tensions in the Iran-Israel conflict. However, analysts are cautious about the near-term outlook, citing concerns over … Read more
The Sensex and Nifty indices in India continued their downward trend for the third consecutive session on April 16, 2024. The ongoing Israel-Iran crisis and escalating tensions in West Asia have contributed to a cautious market sentiment globally, impacting equities. Additionally, the surge in US treasury bond yields, reaching a five-month high, has further dampened … Read more
Indian indices, the Sensex and Nifty, dipped around 1% on April 15 as tensions in West Asia led to a cautious market sentiment. Analysts anticipate a period of consolidation in the coming days, considering the recent upward trend and the onset of the earnings season. The Sensex dropped by 731 points to 73,502, while the … Read more
Oil prices are anticipated to climb following Iran’s assault on Israel, with analysts suggesting that the extent of the increase will hinge on the reaction from Israel and the West. Iran’s launch of explosive drones and missiles at Israel, in retaliation for a suspected Israeli attack on its consulate in Syria, has heightened concerns of … Read more
The Asian Development Bank (ADB) has revised India’s GDP growth forecast for the current fiscal year to 7% from the previous estimate of 6.7%. This upward revision is attributed to the robust growth expected to be driven by both public and private sector investment demand, along with a gradual improvement in consumer demand. The forecast … Read more
According to the minutes from the latest Federal Open Market Committee (FOMC) meeting held on March 19-20, Federal Reserve policymakers expressed a general preference for reducing the rate at which they’re shrinking the central bank’s asset portfolio by approximately half. Additionally, the meeting record indicated that “almost all” officials agreed it would be suitable to … Read more
Share Market Updates: Sensex Closes Down 27 Points, Nifty at 22,430; Realty, FMCG, Auto Stocks Decline, PSB, IT Stocks Gain Sensex Today | Share Market Live Updates: Global stock markets experienced a slight decline on Wednesday due to rising bond yields. Investors were cautious about the possibility of U.S. interest rates increasing this year. Additionally, … Read more
In a recent announcement, the National Stock Exchange of India (NSE) has made significant changes to the market lot sizes of derivative contracts for three key indices – Nifty 50, Nifty Financial Services, and Nifty Midcap Select. These changes are part of the exchange’s periodic review of lot sizes for derivative contracts and are set … Read more
The United States and Japan are poised to announce a deepened collaboration in artificial intelligence (AI) and semiconductor technologies, as per a recent report. This move comes amidst the US’s proactive efforts to block the shipment of advanced AI chips to China, aiming to prevent Beijing’s access to cutting-edge US technology. The announcement of closer … Read more
The United States tightens restrictions on exporting AI chips and tools to China The Commerce Department, responsible for export controls, has announced its intention to regularly update restrictions on technology exports to China. The Biden administration recently revised regulations to make it more challenging for China to acquire US artificial intelligence (AI) chips and chipmaking … Read more
