The US market saw a significant fall on 2 August 2023 post the recent downgrade of US debt. The downgrade was seen from the highest AAA rating to AA+ by rating company, Fitch. A major reason given by the US credit rating agency was “a steady deterioration in standards of governance.” After this announcement, there
The Indian stock markets were up by 0.15%, with the Sensex up by 100 points and the Nifty by 18 points. A positive close on Wall Street on Monday resulted in global markets on Monday. The Dow Jones closed up 0.5%, while the Nasdaq Composite rose 1.9%. Despite signs that inflation is continuing its downward
For the next week, July 31, 2023 – August 4, 2023, traders and investors are expected to keep a close watch on the earnings season which continues with full rigour in the next week market. Earning releases are yet to be released from some of the big giants on the Wall Street such as Apple
Dow Jones Industrial Average (DJIA) saw its tenth consecutive positive session on Friday (21 July 2023). Blue chip index only gained 0.01% by end of trading day on Friday. Therefore, market watchers see this closing as “suspenseful”. Several factors impact the performance of Dow Jones index, including but not limited to, earnings results, global macro
In the last two trading sessions, domestic institutional investors (DIIs) have sold shares/Stocks worth Rs 5,316 crore in Market says V.K. Vijayakumar Chief Investment Strategist at Geojit Financial Services Market. A consolidation phase is likely to follow the recent surge that took benchmark indices to new highs, he said. Since core inflation remains sticky around
As a result of a rally in US markets and fresh foreign fund inflows, Mumbai’s benchmark equity index Sensex and Nifty hit record highs in early trade. Additionally, strong market performers like Reliance Industries and HDFC Bank were purchased. In early trade, the 30-share BSE Sensex rose 299.97 points to its all-time high of 63,716.
The gold price breached levels of 60,000 dollars per ounce on Monday. In the international market, it also crossed the $2,000 mark per ounce. However, investors are focused on the Federal Reserve meeting today, which has led to a decline in prices. Due to the crisis in the banking sector, the Fed may slow down
17 September 2022: Investments are aimed at maximum returns and yield those when chosen wisely. While there are numerous options available today, gold, equities, and residential real estate have withstood the test of time. Gold remained a favorite investment for Indian households due to its liquidity and investment size flexibility. Equities are highly volatile and easily
The US dollar’s liquidity is the biggest risk to financial market because of large declines in treasury yield since the 2007 housing bubble. According to Bank of America, the US Treasury market is imperative for day-to-day functions. A hiccup in the market could have some lasting consequences and would be a major disruption. The US
Since travel has resumed after the covid lockdown, people in India are spending a lot on travel. In fact, most of them continue to spend on travel and hospitality by swiping their credit cards. India’s credit card spend on travel is increasing month by month. New data released by the Reserve Bank of India reveals
