LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell’s indication of slower rate cuts
Shares of Indian IT companies came under pressure during Monday’s trading session following comments from Federal Reserve Chair Jerome Powell on Thursday. Powell suggested that the U.S. Federal Reserve is likely to slow down interest rate cuts in the coming months, citing persistent inflation and the need to monitor its trajectory before making further decisions….
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Global money is chasing Indian stocks again as bull run extends
Overseas funds are piling money into Indian stocks, marking a strong return to the $5 trillion market after election-related uncertainty earlier this year triggered a brief hiatus. At $8.5 billion, net foreign purchases this quarter are poised to be the highest since the middle of 2023, data compiled by Bloomberg show. With bets on policy…
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Japan’s Nikkei hits 1-month high on Wall Street gains, weaker yen
Japan’s Nikkei share average rose on Monday to touch the 39,000 level for the first time since late July, helped by a softer yen and Wall Street’s gains at the end of last week. The Nikkei had risen 0.2% to 38,709.88 by the midday break. It hit its highest since July 31 at 39,080.64 earlier…
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Rate swap traders bet on 50 bps cut in February on global dovish tilt
The Reserve Bank of India’s commentary and inflation forecasts may not provide visibility on when rates may fall but swap traders are betting on a 50 basis-point cut in local borrowing costs starting February 2025 as central banks globally start tilting towards a softer monetary policy. A basis point is a hundredth of a percentage…
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βMaruti Suzuki, ONGC among 7 Nifty50 stocks that hit new 52-week highs on Thursday – On A High
Indian Railway Finance Corporation Share Price 189.78 03:59 PM | 1 Aug 2024 -3.88(-2.0%) One97 Communications Share Price 496.85 03:59 PM | 1 Aug 2024 2.61(0.53%) YES Bank Share Price 26.28 03:59 PM | 1 Aug 2024 -0.24(-0.87%) ITC Share Price 493.7 03:59 PM | 1 Aug 2024 -1.66(-0.34%) HDFC Bank Share Price 1638.8 03:59…
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