Indian benchmark indices continued their upward momentum on Tuesday, following Monday’s gains. The Sensex surged by 900 points, while the Nifty traded above 22,750. Financials and metals led the rally, with all sectors closing in positive territory. The rally was fueled by a mix of global cues, domestic tailwinds, and technical resilience, driving optimism in…
With Sensex and Nifty down about 15% from their peaks touched about 5 months ago, Jefferies’ Global Equity Strategist Chris Wood believes this downturn is primarily technical in nature rather than a reflection of significant macroeconomic concerns. In his latest GREED & fear newsletter, Wood notes that the correction is driven by multiple compression rather…
The Indian markets are shut on account of Assembly Elections in Maharashtra but globally its a positive day of trade. Asian markets have opened higher and US too closed in the green after a volatile session on Tuesday. Investors are looking forward to appointments by US President-elect Donald Trump Meanwhile, oil prices saw a modest…
The lender reported a 39% year-on-year drop in net profit for the quarter ending September 2024, with net profit at Rs 1,325 crore, falling short of market expectations of Rs 2,138 crore. In the same quarter last year, the profit was Rs 2,181.47 crore. Despite the profit decline, the bank’s net interest income (NII) increased…
Oil prices fell on Tuesday, paring the previous day’s nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world’s top oil importer, continued to weigh on the market. Brent crude futures for December delivery were down 26 cents,…