Sep 20, 2014 at 08:13 | Source: Reuters
Alibaba (BABA.N) took the spotlight after its initial public offering priced at USD 68 a share and rose as high as USD 99.70 before ending the session up 38 percent to USD 93.89. Shares of Yahoo, which is selling part of its Alibaba stake but will remain a top shareholder, were volatile in heavy volume and closed down 2.7 percent at USD 40.93.
Sep 19, 2014 at 17:42 | Source: Moneycontrol.com
Demand for traditionally defensive themes such as pharmaceutical and information technology were in play this week even as capital goods and infrastructure took a back seat.
Sep 19, 2014 at 16:47 | Source: Moneycontrol.com
Though the market went near record high during the day, it could not hit that level due to lack of triggers as it already priced in all recent events like China visit etc. The next triggers for the market would be US visit (on September 30), July-September quarter earnings (in October) and Maharasthra & Haryana state elections, say experts.
Sep 19, 2014 at 12:29 | Source: CNBC-TV18
On emerging markets, he says most of Asia looks in pretty good shape and feels key exporters in North Asia like Korea and Taiwan, will benefit from higher Fed rates.
Sep 19, 2014 at 12:24 | Source: CNBC
"Going by Alibaba`s IPO pricing of USD 68, there is likely to be plenty of upside on the stock on its trading debut," said Ryan Huang, market strategist at IG.
Sep 19, 2014 at 08:02 | Source: Moneycontrol.com
Global markets ended higher with the Dow and S&P 500 closing at record peaks in a Fed fuelled rally.
Sep 19, 2014 at 07:50 | Source: Reuters
US equity markets have rallied for three consecutive sessions as the Fed's stance eased investor worries the central bank was ready to pivot away from its years-long policy of holding rates at rock bottom levels, which stimulated demand for risk assets like stocks.
Sep 18, 2014 at 14:42 | Source: Moneycontrol.com
Gold prices are expected to trade on the negative note as the plans to raise U.S. interest rates sooner than expected and expectations for a stronger U.S. currency in the longer run likely to keep Bullion market under pressure, says Sushil Finance.
Sep 18, 2014 at 12:49 | Source: CNBC-TV18
Richard Gibbs of Macquarie Securities says the foreign exchange market movement seems to suggest that they expect a rate increase prior to June. if there is continued growth in household incomes and payrolls, Yellen may decide to move away from the 0-0.25 percent interest rate band sooner, he adds.
Sep 18, 2014 at 10:21 | Source: Reuters
Alibaba, whose shares are set to debut on the US market on Friday in what could be the world's largest ever initial public offering, has discussed with Snapdeal a possible investment in the Indian company, but a decision has not been reached yet, the daily reported.