Fed governors stake out competing views of inflation risk

 21 Nov 2024 07:54 AM

Federal Reserve Governors Michelle Bowman and Lisa Cook expressed differing views on future monetary policy. While Bowman urged caution due to persistent inflation, Cook expressed confidence in continued easing of price pressures. Their perspectives highlight the factors influencing the Fed's decision on a potential interest rate cut at its December meeting.

LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell's indication of slower rate cuts

 18 Nov 2024 10:49 AM

IT stocks came under pressure on Monday after US Federal Chair Jerome Powell’s comments suggesting a slowdown in interest rate cuts. Powell highlighted persistent inflation and a strong economy, allowing the Fed to approach decisions cautiously. Indian IT stocks, sensitive to US market moves, saw declines of up to 5%, with major companies like LTIMindtree and Wipro hit hardest.

8 of top 10 most-valued firms lose nearly Rs 2 lakh crore in m-cap

 17 Nov 2024 10:40 AM

"Mounting concerns over rising CPI inflation and persistent disappointments in corporate earnings weighed heavily on sentiment," Ajit Mishra - SVP, Research, Religare Broking Ltd, said.

Rupee ends nearly flat, state-run banks' dollar sales offset outflows

 13 Nov 2024 03:57 PM

The Indian rupee closed nearly unchanged on Wednesday, as dollar sales by state-run banks helped the currency withstand pressure from equity outflows and persistent strength in the U.S. dollar.

Weaker Q2 numbers bring a flood of earnings downgrades

 13 Nov 2024 05:40 AM

Analysts warn that a global slowdown - driven by high interest rates and persistent inflation - may dampen earnings growth, with operating profit margin expansion slowing due to weaker demand.

Rupee falls to record low on buoyant dollar, persistent outflows

 12 Nov 2024 04:07 PM

The rupee hit a low of 84.4125 before ending at 84.3925, unchanged from its closing level in the previous session. The currency has fallen to record lows for five straight sessions.

Big movers on D-Street: What should investors do with Hindalco, ONGC and Asian Paints?

 12 Nov 2024 07:44 AM

Indian benchmark indices closed relatively flat on Monday, impacted by several factors including persistent selling by foreign institutional investors (FII), underwhelming quarterly earnings reports, and weak performance in Asian markets. Analysts suggest investors avoid buying Hindalco, ONGC, and Asian Paints at current prices due to various technical indicators and market trends.

Oil prices hold their ground after falling on China stimulus

 12 Nov 2024 07:40 AM

Oil prices remained relatively stable on Tuesday as market participants awaited the release of OPEC's monthly report. This follows recent declines in oil prices attributed to China's underwhelming stimulus package and persistent concerns about oversupply. Market analysts are particularly interested in OPEC's demand projections, as downward revisions could exert further downward pressure on oil prices.

Sensex, Nifty end choppy trade on flat notes weighed by weak earnings and foreign outflows

 11 Nov 2024 04:00 PM

Indian benchmark indices ended relatively flat on Monday, as weak earnings reports and persistent foreign fund outflows weighed on investor sentiment. While IT stocks saw gains, sectors like auto, FMCG, and pharma closed in negative territory. The Indian rupee also hit a new all-time low against the US dollar.

IndiGo, BHEL among 5 stocks with short covering

 11 Nov 2024 03:23 PM

On November 11, five stocks saw short covering, with decreasing open interest and slight price gains: Persistent Systems, IndiGo, Birlasoft, Container Corporation of India, and BHEL.