The BSE Sensex lost about 3,000 points to close at 51,360, whereas the Nifty50 index plunged close to 990 points to settle below the 15,300 mark during the week. Both indices are a little shy of entering the bear zone. According to the market experts, the aggressive rate hikes by the US Federal Reserve and … Read more
Markets across the globe took a hammering on Thursday after the US Federal Reserve raised its key interest rate by 75 basis points, the highest since 1994. Historical data however show markets have recovered over three to six months after the rate increases. Since 2015, the Fed has increased interest rates 11 times, excluding the … Read more
In an interview with ETMarkets, Ratnaparkhi said: “Structurally, the Nifty50 is set to test 17000 on the upside in the coming weeks, and the bullish stance will hold true as long as Nifty trades above 16400.” Edited excerpts: A strong week for markets where bulls pushed the benchmark indices higher by over 2% each. What … Read more
Mumbai: Integrated logistics firm JM Baxi plans to file initial document for its planned ₹2,500-crore IPO this month, said its managing director Dhruv Kotak. The company is part of the 106-year-old JM Group which operates container terminals, container freight stations and inland container depots. It also offers shipping agency services. “Somewhere around the end of … Read more
In a week that was truncated due to a trading holiday on account of Eid, the Indian equity markets traded weak for the most part of the shortened 4-day trading week as it ended in the red for three out of four sessions. Among these, the last trading day on Friday remained particularly weak. The … Read more
HONG KONG: The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12% from Friday’s close, but couldn’t break far … Read more
Mumbai: Investors eyeing a diversified large-cap portfolio, benefiting from a broad-based earnings recovery and with low concentration in individual stocks, can consider an investment in the Nifty 50 Equal Weight Index. The Nifty 50, one of the most widely followed indices, assigns weights to stocks based on free-float market capitalisation. By contrast, the Nifty 50 … Read more
Mumbai: Invesco Developing Markets Fund is set to sell up to 7.8% of its stake in Zee Entertainment Enterprises for ₹2,200 crore on the heels of its decision to call off litigation against the top management of the Subhash Chandra-promoted media group. The US investment giant, which owns 18% in Zee, will sell around 7.4 … Read more
by Harsh Parikh Whether it is AIDS, Malaria or now, COVID-19, infectious outbreaks follow a grim pattern. Diseases hurt certain sections of the community more than the others. Healthcare in India has always been a tale of two cities and averages are hardly representative of the ground realities in rural and semi-urban areas of the … Read more
HONG KONG: The Japanese yen resumed its slide on Monday morning, after the Bank of Japan stepped into the market to defend its implicit yield cap, and bitcoin rose to nearly its highest this year ahead of a week filled with plenty of data to guide markets. The yen fell to as low as 122.78 … Read more