Wall Street indexes slip with interest rates, Middle East in focus
Wall Street’s three major indexes closed down around 1% on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve interest-rate easing and worried about the Middle East conflict’s impact on oil prices. While waiting for quarterly earnings season and fresh economic data, investors also braced for another big hurricane, Milton, which…
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Patent cliff can turn Indian pharma stocks into investor’s goldmine
Over the past few months, the market witnessed a sharp rally in pharma sector stocks, one of the key drivers behind this surge is ‘Patent Cliff.’ A Patent cliff occurs when a significant number of drug patents expire and other companies are allowed to manufacture similar drug. Typically, the patent of a drug lasts for…
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HAL among 19 stocks to trade ex-dividend on Wednesday. Last day to buy for eligibility
Hindustan Aeronautics (HAL) among 19 other companies like Symphony, Pfizer, etc are expected to be in focus today as they have set August 21 as the record date for determining shareholders eligible for dividend payments. The board of HAL declared a final dividend of Rs 13 per share for its eligible shareholders earlier in June….
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