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Metal stocks in focus: Shares of Tata Steel, Adani Enterprises, Hindustan Copper, Vedanta, and Hindalco Industries are set to close this week with gains of over 14% as investors’ appetite for metal stocks resumed following an ease in trade tensions between the world’s two largest economies, lifting bets that the demand for base metals will…
Recent high-frequency indicators present a detailed view of the economy, showing an overall improvement in activity compared to the previous quarter. Rural demand has shown more significant signs of recovery, driven by increased sales of two-wheelers and tractors, which are essential indicators of rural consumption and agricultural sentiment. In contrast, with limited discretionary spending, urban…
The Indian stock market has delivered an impressive performance over the past month. Between April 7th and May 6th, the broader market posted a robust 9% gain on a closing basis, with an intraday swing from low to high reaching as much as 14%. This sharp rally was catalysed by a global market surge following…
The Indian stock market snapped its three-week winning streak, its longest this year, after experiencing a sharp correction amid escalating geopolitical tensions between India and Pakistan, following a period of consolidation. Next, investors will monitor some key market triggers in the coming week. The next set of March quarter earnings for fiscal 2024-25 (Q4FY25), domestic…
The Pakistan stock market plunged over nine per cent in four days of bear hammering as the escalation in India-Pakistan spooked investors across the border. The benchmark KSE-30 Index fell 3% on provisional basis to its the lowest since Dec. 19, after dropping as much as 6.1% at one point. India’s NSE Nifty 50 Index…
RPG Enterprises Chairman, Harsh Goenka, in a social media post on May 10, outlined a list of economic risks which Pakistan has to face if the India-Pakistan conflict escalates into an even major stance of war. Also Read | IND PAK News LIVE: India debunks fake news about damaging mosques in Pak According to the…
Dassault Aviation share price is expected to remain in focus on European stock markets, particularly the Euronext Paris, amid rising geopolitical tensions between India and Pakistan. Dassault Aviation shares rose 1.75% on May 8 to close at €325.8 apiece on the Paris Stock Exchange. Dassault Aviation is the manufacturer of the Rafale fighter jets, which…
Online travel bookings platform, Ixigo’s Managing Director and Chief Executive Officer (CEO), Aloke Bajpai, in a post on the social media platform X on Saturday, May 10, announced that the company is suspending all hotel and flight bookings to Turkey, China & Azerbaijan amid the ongoing India and Pakistan conflict. Bajpai called that blood and…
The set up by the end of the day indicates continuation of the downside pressure, unless tensions abate. Selling in heavyweights such as ICICI Bank, HDFC Bank and Reliance Industries dragged both Nifty and Sensex down by 1.1% each. Nifty closed down by 266 points at 24,008, slightly below its 200-day moving average of 24,044.25,…
Stock market today: On Friday, 190 stocks hit their 52-week low, including ACC Ltd, AIA Engineering Ltd, Central Bank of India, Galaxy Surfactants Ltd, Jindal Saw Ltd, Vedant Fashions Ltd, Ramkrishna Forgings Ltd, Schneider Electric Infrastructure Ltd, Sheela Foam Ltd, and Syngene International Ltd. In contrast, 52 stocks touched 52-week highs, including some notable names…