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Wednesday, November 6, 2024

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory in the US presidential election. Investors are optimistic about potential pro-business policies under a Trump administration, despite concerns about his stance on renewable energy and potential impact on H-1B visa rules.

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Trump presidency seen as mixed bag for Indian markets

Economists and market analysts believe that a return of Donald Trump to the White House could bring both opportunities and challenges for the Indian market. While some sectors like software and pharmaceuticals might benefit, others could face tariff barriers. Despite potential volatility, India is expected to attract foreign investment due to its favorable policies and the 'China +1' strategy.

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Tuesday, November 5, 2024

Sensex soars 1,200 pts from day’s low despite FPI selling

The Sensex staged a remarkable recovery on Tuesday, surging nearly 700 points after plunging over 1,200 points earlier in the day. This volatile session saw banking and metal stocks leading the rally, fueled by speculative buying and short covering. Despite heavy selling by foreign investors, domestic funds provided crucial support, buoyed by positive domestic economic indicators.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bGQguIr

Monday, November 4, 2024

Record foreign exodus casts a pall over India’s stock market

India's stock market is experiencing a decline as foreign investors withdraw record funds due to concerns about the slowing post-pandemic economic boom. Despite domestic investments preventing a larger downturn, waning consumer spending and high valuations are causing anxieties. Although the market shows potential for growth, experts predict further adjustments as the economic slowdown's impact becomes clearer.

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Sunday, November 3, 2024

No slowdown in tech spends: Microsoft India head

Microsoft sees robust technology spending in India, with rising AI momentum driven by Copilot and increasing use cases. Puneet Chandok, the company's India and South Asia president, highlighted a positive shift in AI perceptions and emphasized Microsoft's commitment to regulatory compliance. India remains a key growth market.

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FMCG firms worry over high inflation, squeezing urban market; hint price hike

Leading FMCG companies reported declining margins in the September quarter due to higher input costs and food inflation, slowing urban consumption. Firms like HUL, Dabur, and Nestle India noted muted demand, while rural markets showed growth. Companies plan price hikes to counter rising input costs.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TyI5HZj

Friday, November 1, 2024

NSE launches mobile app and expands website to 11 regional languages

The NSE introduces its new mobile app, NSEIndia, and expands its website language support to eleven regional languages, aiding wider investor participation across India. The app, available on iOS and Android, offers key features like market updates and customizable watchlists, providing secure access to market data.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3gynOm6

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...