Sensex jumps 600 pts, Nifty above 24,450; metal and financial stocks lead
Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was…
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FPIs sell big in oil & gas and financial stocks, add IT
Mumbai: Overseas investors sold Indian equities worth βΉ30,774 crore across 13 sectors between November 1 and 15 according to data from NSDL. They sold the most in the oil & gas sector, to the tune of βΉ7,214 crore, in the first half of the month after selling shares of these companies worth over βΉ21,000 crore…
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S&P 500, Dow hit records, boosted by bank earnings surprise
The S&P 500 and the Dow scored record closing highs on Friday, with the biggest boosts from financial stocks after banks reported strong quarterly results while the latest inflation data supported expectations for a U.S. Federal Reserve rate cut in November. Major financial companies kicked off earnings season with JPMorgan Chase rallying after the lender…
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Australian shares subdued as tepid miners counter banks, gold boost
Australian shares were largely flat on Monday, as downbeat performances in most sectors partially offset support from financials and gold miners, while investors cut back fears of a possible U.S. recession following robust economic data. The S&P/ASX 200 index held its ground at 7,957.1 points, as of 0021 GMT. The benchmark closed 1.3% higher on…
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