US stocks rise after monthly jobs data boosts December rate-cut bets
Wall Street’s main indexes edged higher on Friday, with the S&P 500 and the Nasdaq touching intraday record highs as traders increased bets on a Federal Reserve rate cut this month following robust November payrolls data. U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but this is unlikely to…
READ MORE
ET MSME Awards: Grand Finale event celebrates excellence in the MSME sector, awards 26 micro, small, medium enterprises
The Grand Finale event of the ET MSME Awards 2022-23, which was held on March 3 at New Delhi, was a celebration of the success of the Indian MSME sector, with 26 micro, small, and medium enterprises recognized across a range of award categories for demonstrating excellence in business performance and contributing to the growth…
READ MORE
Stock picks of the week: Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
Synopsis With the bulls making a comeback, there is a case to be bullish. But remember: As an investor, what matters are earnings and valuations. So be selective, avoid impulsive investing, and keep reviewing your portfolio. Also, stay away from penny stocks. It is very likely that some of the penny stocks will fly β…
READ MORE
Nifty Metal stocks to buy: For logical risk-takers and tactical investors: 5 metal stocks with an upside potential of up to 35%
Synopsis In October, the big dip in the Indian market was triggered by a single factor β China. The country, to revive its economy, was set to come out with a stimulus package. And as valuations in China were cheaper than in India, FII money was being redirected there. The sharp rise in the Chinese…
READ MORE
BOJ is holding cards close to its chest on December rate hike
The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor’s cautious decision-making style and anxiety over U.S. economic policy in a second Trump presidency. BOJ Governor Kazuo Ueda signalled that December will be a live meeting in an interview…
READ MOREIn West Bengal’s largest real estate deal, DLF JV firm sells IT park for Rs 637 cr to Primarc, RDB
In the largest real estate deal of West Bengal, DLF joint venture firm DCCDL has sold an IT park in Kolkata to Primarc and RDB Group for Rs 637 crore to monetise the rent-yielding commercial asset. DLF Cyber City Developers Ltd (DCCDL) — a joint venture firm between DLF Ltd and Singapore sovereign wealth firm…
READ MOREStock Market Today: Indexes End Lower Before November Payroll Report
Indexes ended lower on Thursday as traders focused on the coming jobs report. The data is expected to show the US economy added 214,000 new hires, a steep uptick from October’s reading. The report will give new clues about the path of interest rates ahead of this month’s Fed meeting. Indexes ended lower on Thursday…
READ MORE
Mishtann Foods shares crash 20% after Sebi ban
Mishtann Foods shares plunged 20% to the lower circuit limit of Rs 12.42 on BSE on Friday after Sebi restrained five entities, including Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses. The regulator directed Mishtann Foods…
READ MORE
Borosil Renewables rally 8% as India slaps anti-dumping duty on solar glass imports
Borosil Renewables shares jumped as much as 7.8% on Friday to Rs 552.50 on BSE after the Ministry of Finance announced a provisional anti-dumping duty on imports of textured tempered coated and uncoated glass from China and Vietnam, aimed at curbing unfair trade practices and protecting domestic manufacturers from the impact of cheaper imports. The…
READ MORE
RBI monetary policy: MPC cuts CRR by 50 bps to 4%; market turns positive
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4%, bringing it back to the level before the policy tightening cycle began in April 2022. The announcement was made by Governor Shaktikanta Das in his final speech of this…
READ MORE