Stock market investors made $1.5 trillion since last Diwali. What Samvat 2081 has in store
With Nifty ending Samvat 2080 with a 25% gain and scores of stocks in the broader market giving multibagger returns, investor wealth, as measured by the total market capitalization of all BSE-listed stocks, rose by Rs 128 lakh crore or about $1.5 trillion since last Diwali. Samvat 2080 now goes in record books as the…
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Nasdaq hits record high as Alphabet earnings beat estimates
The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet’s results that came after the market close. Alphabet, one of the so-called “Magnificent Seven” megacap technology stocks, reported quarterly revenue that beat estimates. This is…
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Barrage of stock supply is latest test for Dalal Street
A surge in share supply from initial public offerings and sales to institutions is adding pressure on Indian equities, which are already grappling with weak earnings and selling by overseas investors. Hyundai Motor India Ltd. raised $3.3 billion in the nationβs largest IPO on Thursday, and further listings worth $6 billion have been approved by…
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Wall St Week Ahead: Flaring economic worries threaten US stocks rally
Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth. Alarming economic data in recent days have deepened those concerns. U.S. job growth slowed more than expected in July, a Friday report showed, while the unemployment rate…
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