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Source: Live Mint Wall Street stocks were mixed on Monday ahead of major earnings reports. As of 12:46 p.m. Eastern time, the S&P 500 was 0.4 per cent lower, the Dow Jones Industrial Average was down 0.8 per cent, and the Nasdaq Composite was 0.2 per cent lower. As of 10:10 am Eastern time, the…
Source: Live Mint The start of the Federal Reserve’s easing cycle was supposed to be the long-awaited catalyst to ignite a rally in Brazil’s stocks. Banco Santander’s local unit predicted the Ibovespa gauge would rally almost 20% this year. Analysts at Bradesco BBI saw similar gains. Bank of America favored Brazil over Mexico amid estimates…
Source: Live Mint HOUSTON -Oil prices rose nearly 2% on Monday, recouping some of last week’s more than 7% decline, with no let-up of fighting in the Middle East and expected Israeli retaliation on Iran worrying markets about supply from the region. Brent crude futures were up $1.44, or 1.97%, at $74.48 a barrel at…
Source: Live Mint Shah Capital Management, one of Veon Ltd.’s shareholders, has urged the wireless operator to list Ukraine’s largest mobile company Kyivstar and buy back shares to boost its stock performance. Shah Capital pushed for the listing of Kyivstar on the Nasdaq while citing the potential of “being the sole Ukrainian investment theme on…
Source: Live Mint Breakout stocks to buy or sell: Despite the US stock market climbing a new peak on Friday’s session last week, the Indian stock market ended lower on Monday as investors reacted to more Q2 results 2024. The Nifty 50 index ended 112 points lower at 24,741, the BSE Sensex shed 73 points…
Source: Live Mint Waaree Energies initial public offering (IPO) has opened for bidding today, October 21, and will remain available to investors until Wednesday, October 23. The company aims to raise ₹4,321.44 crore through this IPO, which comprises a fresh issue of 2.4 crore shares aggregating to ₹3,600.00 crore and an offer for sale of…
Source: Live Mint Waaree Energies initial public offering (IPO), which opened for subscription on October 21, was subscribed over 3.32 times on the first day of bidding. The public offer will remain open till October 23. By 5 PM on the first day of bidding, the public issue received 6,98,85,360 applications against offered 2,10,79,384 shares….
Source: Live Mint Mumbai: A silver futures contract on commodity derivatives exchange hit the ₹100,000-per-kg mark for the first time on Monday, rising in tandem with record-high gold prices, buoyed by a cut in one-year prime loan rate by China to boost its sagging economy and a higher gold-silver ratio, which increases headroom for silver…
Source: Live Mint Expert view: Sahil Shah, Managing Director (MD) and Chief Investment Officer (CIO), Equirus, believes one or two quarters of earnings misses or external events could disrupt the Indian stock market in the short term. However, corporate earnings in the broader market can double over the next four to five years, with small-cap…
Source: Live Mint The Indian stock market is seeing increased foreign capital outflows as the ‘sell India, buy China’ strategy gains momentum. China’s latest stimulus package, unveiled in September and October, includes reductions in reserve requirements, mortgage rate cuts, and liquidity injections. It is aimed at boosting overall economic growth and has drawn substantial investor…
