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Source: Live Mint The US Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, paving the way for global monetary policy easing, including India. According to Macquarie, the biggest beneficiary of interest rate cuts within the banking, financial services and insurance space could be non-banking financial companies or…
Source: Live Mint Top Gainers and Losers Today : **The Top Gainers and Losers Today** The Nifty index concluded the trading session at 25,377.55, reflecting a marginal increase of 0.15%. Throughout the day, the Nifty experienced a high of 25,611.95 and a low of 25,376.05. Meanwhile, the Sensex operated within a range of 83,773.61 to…
Source: Live Mint In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%). While delivering this surprise, Fed chair…
Source: Live Mint As HCL Technologies’ stock surged by 22 percent over the past three months, Kotak Institutional Equities downgraded the IT company from an ‘add’ to a ‘reduce’ rating. HCL Tech’s share price has increased by 5 percent in the last month, 22 percent over three months, and 35 percent in the past year….
Source: Live Mint Domestic brokerage house Centrum Broking has initiated coverage on the wealth management industry with two reduced calls on – 360 One WAM and Nuvama Wealth. The brokerage has a target price of ₹1,050 for 360 One, implying a downside of around 3 per cent, whereas for Nuvama, it has a target of…
Source: Live Mint Shares of Indus Towers dropped by 13 per cent on Thursday, hitting a low of ₹366.30 on the BSE, following the Supreme Court’s ruling in the Adjusted Gross Revenue (AGR) case, which denied telecom companies’ request for a re-computation. The Supreme Court upheld its previous decision on the AGR issue, insisting that…
Source: Live Mint US stocks jumped on Thursday after the Federal Reserve kicked off its easing cycle with half-a-percentage point cut in interest rates. On Wednesday, the Federal Reserve slashed its interest rates by 50 basis points (bps), first time in more than four years. Chair Jerome Powell said that as the inflation has come…
Source: Live Mint Starting next month, mobile phone users will not receive any unapproved web links via SMS. The Telecom Regulatory Authority of India (TRAI) has recently announced that telecom operators must ensure that only whitelisted links are sent. The deadline for telecom operators to ensure this happened was supposed to expire on September 1,…
Source: Live Mint The Securities and Exchange Board of India (Sebi) on Thursday restrained Axis Capital Ltd (ACL) from taking up new assignments as a debt merchant banker till further orders. The Sebi’s interim order came amid allegations of ACL extending itself beyond the permissible activities as a merchant banker while dealing with the issue…
Source: Live Mint Semiconductor stocks such as Nvidia rose 4.7%, while Advanced Micro Devices gained 3.5% and Broadcom added 3.8%, sending the Philadelphia SE Semiconductor Index up 3.6%. Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction…
