HAL, Indiamart Intermesh among 5 stocks with long unwinding – What is long unwinding?
Indian Railway Finance Corporation Share Price 205.77 03:59 PM | 19 Jul 2024 -0.05(-0.03%) One97 Communications Share Price 458.75 03:58 PM | 19 Jul 2024 13.45(3.03%) YES Bank Share Price 24.77 03:59 PM | 19 Jul 2024 -0.99(-3.81%) ITC Share Price 474.55 03:59 PM | 19 Jul 2024 4.31(0.92%) HDFC Bank Share Price 1607.3 03:59…
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Curating a monsoon reading corner for yourself
The monsoon season brings a welcome respite from the scorching heat, but the constant rain can leave you yearning for cosy indoor activities. What better way to spend a rainy afternoon than curled up with a good book in a specially crafted reading nook? In this article is how to create…
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Wipro ADRs fall nearly 12% on Q1 revenue drop even as PAT beats estimates
Wipro’s American Depository Receipts (ADRs) fell nearly 12% on Friday to hit the day’s low of $6.08 on the New York Stock Exchange after the company reported a 4% decline in its June quarter revenue at Rs 21,964 crore over Rs 22,831 crore reported in the year-ago period. It was also below Street’s estimates of…
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Rising F&O trade becomes macro issue now, household savings going into speculation: Sebi chief
Sebi chairperson Madhabi Puri Buch on Friday said the capital markets regulator is “compelled” to warn against speculative bets in the futures and options (F&O) segment because it has become a “macro issue”, affecting the broader economy now. Household financial savings are going into the speculative bets, belying the expectations of being used for capital…
READ MOREHow Modi govt can turn India into a real estate powerhouse in Union Budget, brick by brick
India’s ambitious goal of becoming a developed nation by 2047 integrates a vision of economic growth, sustainable development goals, ease of living, ease of doing business, infrastructure, and social welfare. Indiaβs real estate sector plays a significant role in India’s economy and contributes to the country’s Gross Domestic Product (GDP) through various channels contributing approximately…
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Wall Street ends sharply lower as anxiety rises, earnings heat up
U.S. stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam. All three major U.S. stock indexes suffered losses, and the blue-chip Dow fell the most, halting a series of consecutive record closing highs. The sell-off resumed a day after the…
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TSMC rides AI demand to raise revenue forecast, says no to US joint venture
Taiwan’s TSMC, the world’s largest contract chipmaker, raised its full-year revenue forecast on Thursday given surging demand for chips used in artificial intelligence, and rejected the idea of a joint venture factory in the United States. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple Inc and Nvidia supplier, has benefited from the global AI…
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Indices hit new highs, Sensex closes above 81K for first time
India’s benchmark indices surged to fresh new highs on Thursday, with the Sensex closing above 81,000 and Nifty ending above 24,800 for the first time. The rally was led by gains in information technology (IT) stocks ahead of Infosys’ first quarter results which were announced after trading hours on Thursday. The BSE Sensex ended at…
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Hot market prompts InCred to shut multi-cap AIF, return money
InCred Asset Management has decided to shut one of its equity products, India Value Growth Fund I, and return money to investors, two months before the fund’s maturity, amid growing worries about the overheating equity market. The asset manager, owned by fiinancial services firm InCred, led by former senior Deutsche Bank executive Bhupinder Singh, said…
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Small online businesses outperform traditional traders with 93% export rate in 18 countries: Report
The last few years have been exceptional in terms of the surge in eCommerce adoption. Despite the ups and downs caused by the pandemic and looming economic recession, small online businesses have shown remarkable resilience and adaptability, which has played a crucial role in their tremendous success. To gain deeper insights into the performance of…
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