Big tech trade shudders just as stock pickers make a comeback
Wall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way. An earnings flop from Tesla Inc. and fears about Alphabet Inc. spending landed just as popular bets in bonds and commodities misfired, adding to…
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FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment
The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and…
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Market Trading Guide: BSE, Texmaco Rail among 8 stock recommendations for Thursday – Stock Ideas
Indian Railway Finance Corporation Share Price 192.27 03:59 PM | 24 Jul 2024 -1.87(-0.97%) One97 Communications Share Price 456.3 03:59 PM | 24 Jul 2024 -0.95(-0.21%) YES Bank Share Price 24.9 03:59 PM | 24 Jul 2024 -0.07(-0.25%) ITC Share Price 494.05 03:59 PM | 24 Jul 2024 1.86(0.38%) HDFC Bank Share Price 1604.05 03:59…
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Asian shares: Stocks in Asia slip, tracking US tech-led declines
Equities in Asia declined as investors began pulling back on the artificial-intelligence frenzy that has powered the bull market this year. Stocks in Japan and South Korea both fell over 2%, with chipmaker SK Hynix Inc. tumbling even with solid earnings. In the US, the S&P 500 slumped 2.3%, its worst showing since December 2022…
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capital gains: Capital gains intact, so what if they’re taxed a bit higher?
On events such as budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And what’s that sanity? In my view, it is…
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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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Investors ride the ‘Trump trade’ as expectations grow for a second term
Rising expectations that former President Donald Trump will regain the White House in November are supercharging the so-called Trump trade, on views that his policies will lift corporate profits even while spurring worries about the country’s long-term fiscal health. The two sides of the trade have been evident in recent weeks, as investors price in…
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Japan’s Nikkei ends higher as market gauges US election outlook
Japan’s Nikkei share average rose on Tuesday, tracking gains in Wall Street, as investors assessed whether an assassination attempt on U.S. presidential candidate Donald Trump increased his chances of winning the November elections. The Nikkei closed 0.2% higher at 41,275.08, and the broader Topix finished up 0.34% at 2,904.5. Japan’s markets were closed on Monday…
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