The dollar weakens:The US dollar remained in a difficult position on Wednesday, after a significant drop against the major currencies overnight. This drop was triggered by a benign reading of the US producer price index, which reinforced market expectations that the Federal Reserve will implement interest rate cuts this year. Meanwhile, the New Zealand dollar … Read more
Investor Protection Fund: The National Stock Exchange (NSE) on Tuesday announced that it has increased the maximum claim amount of its Investor Protection Trust Fund to Rs 35 lakh. This new limit applies to claims filed against trading members who have been declared defaulters or expelled. The limit for individual claims has been increased from … Read more
The Japanese yen fell for a second day on Tuesday as trading conditions stabilized ahead of the release of US inflation data. Meanwhile, the British pound gained strength after data showed a surprise decline in the UK unemployment rate for June. Currency markets have recently experienced significant volatility, driven primarily by a sharp rally in … Read more
Depreciation of the yuan: The yuan weakened against the dollar on Tuesday after the People’s Bank of China (PBOC) set its lowest average interest rate in nearly nine months. Traders are also awaiting key data on US inflation and economic reports from China due later in the week. The People’s Bank of China set the … Read more
first cry IPO list: Brainbees Solutions, the parent company of popular baby products brand Firstcry, made an impressive debut in the stock market on Tuesday, August 13. The company’s shares opened at Rs 625 on the BSE, marking a rise of 34.41 per cent since its initial public offering (IPO) price of Rs 465. On … Read more
Indian equity markets are set to open lower on Tuesday, as suggested by Nifty futures traded at the Gift Nifty exchange in Gandhinagar. Nifty futures fell 0.05 per cent or 12 points, indicating a subdued opening for the benchmark indices Sensex and Nifty. Most Asian markets were trading higher: Japan’s Nikkei rose 2.31%, Australia’s S&P/ASX … Read more
The dollar stops: The US dollar remained in a wait-and-see mode on Tuesday as market participants awaited fresh economic data that could influence the likelihood of significant rate cuts. Meanwhile, a rally in Japanese stocks provided some relief to yen carry trades. The dollar held around 147.17 yen, having briefly risen to a one-week high … Read more
2 minutes reading time Last update: August 12, 2024 | 20:33 IS Shares of Adani group companies fell between 2.5% and 17.1% in intraday trade before recovering most of the losses on Monday. The turmoil came after a fresh report by US-based Hindenburg Research alleged conflicts of interest involving the Sebi chairman, hampering the investigation. … Read more
Oh, behave yourself. Taiwan’s markets are not following the same path. The MSCI index, which is made up of Taiwanese stocks, has fallen sharply in recent weeks, but unlike its peers in Japan and South Korea, it has not come close to reversing its rise by 2024. Indeed, its year-to-date gains of nearly 28% are … Read more
Midday Market UpdateBenchmark indices opened lower on Monday, but pared losses as the day progressed, boosted by gains in major financial and information technology stocks. At 1.10 pm, the 30-share S&P BSE Sensex was trading 199.38 points higher at 79,905.29, while the broader NSE Nifty 50 was trading 43.6 points higher at 24,411.10. “On Friday, … Read more
