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Real-time market updates from India's financial markets and global sources.

30 articles

US stocks: Nasdaq ends lower as oil prices surge ahead of earnings, economic data
indian_markets1d ago

US stocks: Nasdaq ends lower as oil prices surge ahead of earnings, economic data

The Nasdaq composite index faced a downturn as oil prices surged following attacks on a Saudi airport. With major banks set to release their earnings reports, investor focus sharpens this week. The S P 500 and Dow Jones saw mixed performances, while the energy sector thrived. Heightened inflation concerns due to rising oil costs have begun to sway investor confidence, mirroring a cautious market atmosphere tied to earnings and economic uncertainties.

Markets-Economic Times

Cleveland Fed's Hammack backs restrictive policy, says better if it comes 'relatively quickly'
indian_markets1d ago

Cleveland Fed's Hammack backs restrictive policy, says better if it comes 'relatively quickly'

Cleveland Fed President Beth Hammack has stressed the urgency of adopting a strict monetary policy as a response to mounting inflation that now permeates various sectors, not just energy. She advocates for prompt adjustments to keep inflation on target at 2%, emphasizing transparency in Fed policies to aid both households and businesses in their financial planning amidst rising prices.

Markets-Economic Times

US Stocks: Dating app Bumble shares surge 52% on talks to go private at $1 billion valuation
indian_markets1d ago

US Stocks: Dating app Bumble shares surge 52% on talks to go private at $1 billion valuation

Bumble is reportedly in advanced negotiations for a private acquisition by Ithaca Holdings, which values the company at approximately $1 billion. This potential acquisition follows a decline in Bumble's market valuation, which was around $389 million recently. Shares of Bumble saw a significant increase, which rose nearly 52% after the acquisition discussions became public. The company is facing challenges in a competitive market, particularly with younger users disengaging.

Markets-Economic Times

Singularity AMC pays over Rs 40 lakh to settle AIF rule violation case with Sebi
indian_markets1d ago

Singularity AMC pays over Rs 40 lakh to settle AIF rule violation case with Sebi

Singularity AMC, a company rooted in Mumbai, has successfully resolved two significant matters with the Securities and Exchange Board of India (Sebi) concerning violations related to alternative investment funds. As part of the settlement, the firm has paid Rs 40.5 lakh. The infractions included not maintaining the required interest in the Singularity Equity Fund and excessive drawdowns in three of its schemes.

Markets-Economic Times

Jubilant Pharmova block deal: Quant Mutual Fund offloads Rs 190 crore stake amid Rs 800 crore fundraising plan; Abakkus buys 11 lakh shares
indian_markets1d ago

Jubilant Pharmova block deal: Quant Mutual Fund offloads Rs 190 crore stake amid Rs 800 crore fundraising plan; Abakkus buys 11 lakh shares

Quant Mutual Fund sold 20.81 lakh shares of Jubilant Pharmova worth Rs 190.47 crore in bulk deals, while Abakkus Four2Eight Opportunities Fund bought 11 lakh shares. The transactions came as the pharmaceutical company approved plans to raise up to Rs 800 crore through non-convertible debentures and seek broader debt issuance authorisation.

Markets-Economic Times

Goldman upgrades global equities on earnings optimism
indian_markets1d ago

Goldman upgrades global equities on earnings optimism

Goldman Sachs has upgraded its outlook on global equities from neutral to overweight as earnings growth remains strong. This change is attributed to more attractive valuations ahead of the forthcoming earnings season. The bank also expressed caution regarding potential risks from higher rates and energy prices impacting equity markets. Additionally, it remains bullish about the Asia and US markets while being underweight on Europe.

Markets-Economic Times

US stocks muted as tech weakness offsets energy gains; earnings in focus
indian_markets1d ago

US stocks muted as tech weakness offsets energy gains; earnings in focus

The S P 500 and Nasdaq saw slight declines on Monday, primarily due to weaker technology stocks. Strength in energy and communication services sectors provided some support to the markets. Oil prices reached two-week highs following significant geopolitical events in the Middle East. Major banks are set to report earnings this week, highlighting key economic indicators that will influence investor sentiment.

Markets-Economic Times

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