10:35 AMStock Market LIVE Updates: Moody's cuts China property sector's outlook to negativeMoody's on Thursday cut China's property sector's outlook t
10:35 AM
Stock Market LIVE Updates: Moody’s cuts China property sector’s outlook to negative
Moody’s on Thursday cut China’s property sector’s outlook to negative from stable, citing economic growth challenges, which the rating’s agency said will dampen sales despite government support.
10:33 AM
Bankrupt crypto exchange FTX allowed to crypto holdings worth $3.4 bn
Judge John Dorsey in the US Bankruptcy Court for the District of Delaware approved the motion and overruled objections opposing the plan, reports Coindesk.
FTX holds $1.16 billion of solana crypto tokens — approximately 16 per cent of the token’s outstanding supply — and about $560 million in Bitcoin.
10:16 AM
Kacholia-backed Zaggle Prepaid IPO opens. Should you subscribe to the issue?
Ahead of the issue opening, Zaggle garnered Rs 253.52 crore from 23 anchor investors at the upper price band of Rs 164 per equity share.
10:06 AM
SAMHI Hotels IPO opens: Should you subscribe or skip?
The Rs 1370 crore initial public offer (IPO) of leading hospitality chain SAMHI Hotels opened for subscription on Thursday. Ahead of the issue opening, the company raised Rs 616.5 crore from anchor investors. Analysts advised investors to avoid the IPO on profitability concerns and increased net borrowings.
Markets are likely to maintain the upward bias amid recovery in other Asian gauges. The August US CPI figures reinforces speculation that the Federal Reserve may pause its rate hikes in next week’s policy meeting. However, the technical landscape continues to be bullish with Nifty bulls now aiming aggressively at the psychological 20500 mark. However, persistent FII selling and expensive valuations could limit the upside going ahead.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:01 AM
Markets Live Updates: Gold crawls higher from 3-week lows as US dollar, yields slip
Gold prices firmed on Thursday as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week, although bullion was not far from a near three-week lows seen in the previous session.
08:00 AM
Markets Live Updates: Asian stocks climb as traders shrug off inflation surprise
Asian stocks rose on Thursday, as traders figured a small upside surprise for U.S. inflation was unlikely to push up interest rates and turned their focus to a European Central Bank meeting later in the session.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4% in early trade. Tokyo’s Nikkei rose 0.8% to a one-week high.
07:20 AM
Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded 36 points, or 0.18 per cent, at 20,182, signaling that Dalal Street was headed for positive start on Thursday.
07:20 AM
Tech View: Nifty charts reflect indecisive mood on Street
While ending 77 points higher at a record closing high, Nifty on Wednesday formed an Inside Body candle on the daily charts to indicate indecisiveness between bulls and bears around the 20,000 mark.
07:20 AM
Rupee falls 6 paise against US dollar
The rupee depreciated by 6 paise to close at 83.01 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency overseas.
07:20 AM
Markets Live Updates: Tokyo shares open higher on tech buying
Tokyo stocks opened higher on Thursday as investors cheered the rebound of US tech shares after mixed US inflation data.The benchmark Nikkei 225 index added 0.72 percent, or 234.15 points, to 32,940.67 in early trade, while the broader Topix index rose 0.57 percent, or 13.47 points, at 2,392.11.
07:19 AM
S&P 500 ends higher as CPI data cements bets for Fed pause
The S&P 500 and Nasdaq ended higher on Wednesday after data showing a moderate increase in consumer prices in August cemented expectations that the Federal Reserve will leave interest rates unchanged in September.
07:19 AM
Markets Live Updates: Oil prices tick up as markets zoom in on supply tightness
Oil prices edged higher on Thursday, after dipping slightly in the previous session, as markets refocused on expectations of tight crude supply for the rest of 2023.
07:19 AM
Sensex, Nifty on Wednesday
While the Nifty50 marked a record closing high of 20,063.45, up by 70.25 points or 0.35%, the S&P BSE Sensex jumped 246 points or 0.37% to finish at 67,466.99.
economictimes.indiatimes.com
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