3 minutes reading time Last update: September 18, 2024 | 21:14 IS Information technology (IT) stocks posted their steepest drop in over six weeks on Wednesday. Market players said the IT sector’s poor performance during previous rate-cut cycles by the US Federal Reserve (Fed), coupled with Accenture’s decision to defer staff promotions, dampened investor sentiment. … Read more
Australian shares closed flat on Wednesday after hitting a record high as a drop in miners offset gains in financials, while investors assessed the odds of a likely large rate cut by the Federal Reserve. The S&P/ASX 200 index closed at 8,142.1 points, after touching an all-time high of 8,153.50 points earlier in the session. … Read more
Reliance Infrastructure shares: Shares of Anil Ambani-backed Reliance Infrastructure rose as much as 7.95 per cent to hit an intraday high of Rs 254.40 after the company on Wednesday said it had reduced its standalone external debt to Rs 475 crore from Rs 3,831 crore. Reliance Infrastructure Limited (Reliance Infra) announced that Invent Assets Securitisation … Read more
Indian stock indices fell slightly on Wednesday, weighed down by losses in Information systems Tata Consulting Services, ICICI Bank HCL Technologies, Technology Mahindra and Bharti Airtel. The Sensex fell as much as 130 points and the Nifty 50 index touched an intraday low of 25,402.40 amid stable cues from other Asian markets. Losses in the … Read more
Asian markets saw a positive turnaround on Wednesday as investors looked ahead to the Federal Reserve’s next monetary policy decision. With traders divided over the expected magnitude of an interest rate cut, regional stock indexes saw notable gains, driven in part by a weaker yen that benefited Japanese exporters. The Japanese Nikkei The 225 index … Read more
Indian benchmark stock indices edged higher in a range-bound session, marking the second consecutive session of gains on Tuesday. The Sensex moved in a band of 285 points and the Nifty 50 index touched an intraday high of 25,441.65 and a low of 25,352.25. Markets traded in a narrow range as gains in Bharti Airtel, … Read more
Stablecoin: Central European currencies had a lackluster day on Tuesday, with the Hungarian forint down and all others little changed, as investors awaited the US Federal Reserve’s interest rate decision on Wednesday and what the move may mean for monetary and currency policies in the region.The florin shows a slight declineThe Hungarian forint lost 0.1 … Read more
Indian markets are set to open higher on Tuesday, with traders anticipating incremental gains ahead of the likely US Federal Reserve rate cut expected a day later. At 07:58 am, the GIFT Nifty stood at 25,476.5 points. Both the Nifty 50 and the S&P BSE Sensex hit record highs on Monday, boosted by rising metal … Read more
Australian shares hit a record high on Tuesday as expectations grew that the US Federal Reserve could deliver a massive rate cut this week. The S&P/ASX 200 index was up 0.3 percent at 8,148.8 by 0110 GMT, surpassing the previous record high of 8,148.7 hit on Aug. 1. The Fed was expected to cut interest … Read more
The dollar traded near its lowest levels of the year on Tuesday, ahead of the expected start of a U.S. easing cycle that markets are betting could begin with a massive rate cut. The euro rose overnight to $1.1138 and was trading in that area at the start of the Asian session, not far from … Read more
