Global Market

Dismissing parallels with the dot-com boom, Balanco said the current rally across major indices is being fuelled by sentiment and momentum, but still has “further juice left in the trade.”

Will markets extend selloff to 5th straight day? Bajaj Fin, Avenue Supermarts in focus| Opening Bell

Benchmark indices, Sensex and Nifty, extended their losses to the fourth consecutive day led by a broad-based selloff. Around Rs 10 lakh crore investors wealth was wiped out due to 2 percent cuts each on index benchmarks. The selloff trigger came in due to Sebi's F&O norms, escalating tensions in the Middle East, and diversion of flows from India to China. Going ahead, experts expect Nifty to face resistance at 25,500, with support around 25,000. This morning global cues are mixed, with Wall Street largely ending lower while Asia Pacific markets remain mixed. Among stocks in focus, watch out for BSE, Bajaj Finance, Bank of Baroda, Avenue Supermarts, among others. Catch Lovisha Darad in conversation with Nirav Chheda, Assistant Vice President, Equity Derivatives & Technical Research- Retail, Nirmal Bang and Aishvarya Dadheech-- Founder & CIO, FIDENT ASSET MANAGEMENT.

Confident of outperforming industry in both domestic, global markets: TVS Motor

CEO KN Radhakrishnan noted that in the domestic market, the company expects growth momentum to continue with normal monsoons likely to add strength to the rural markets, and in the international markets, he exuded hope to perform better in key markets like Africa this year while expanding operations in other regions like the Middle East and Latin America.

Global demand muted; gradual improvement expected in domestic market: Tata Motors

The Mumbai-based automaker reported a consolidated net profit of Rs 5,566 crore and total income of Rs 1,09,623 crore for June quarter

Despite global fluctuations, Indian stock market has maintained certain level of sanity: FM Sitharaman

FM's statement comes amid backdrop of Sebi raising concerns about a possible overvaluation of small and midcap stocks, indicating possible market manipulation and the risk of a market bubble

Dollar set for biggest daily jump since October as U.S. yields rebound

Markets are now pricing in an 82% chance of interest rate cuts from the Fed to start from March, according to CME FedWatch tool, with over 150 basis points (bps) of easing anticipated this year.

World shares hit near two-year high, focus on UK inflation, Red Sea

Markets maintained those bets even after Richmond Fed President Thomas Barkin on Tuesday refrained from saying how the fall in inflation affected the policy outlook for next year, while Atlanta’s Raphael Bostic said there was no urgency to cut rates.

Gold falls Rs 100, silver declines by Rs 300 on weak global cues

In the global market, gold and silver were quoting lower at USD 1,955 per ounce and USD 24.25 per ounce, respectively.

Does this rally have legs?

Foreign investors who were being cautious about Indian markets are now feeling the ‘Fear Of Missing Out’ (FOMO)

Strides Pharma trades higher, ties up with Orbicular to develop nasal sprays

The two companies will commercialise four nasal sprays which have a combined Global IQVIA market size in excess of $400 million.

‘This Is Going To Be India’s Decade’ | Morgan Stanley Report | Economy

India’s GDP is expected to more than double by the end of this decade from over $3 trillion to more than $7 trillion. A Morgan Stanley report stated that the country is well estimated to become the world’s third-largest economy and the stock market. It also mentioned that New India will drive a fifth of global growth through the end of this decade.

Saudi Arabia defends output cut, says OPEC+ doing right job for stable market

OPEC+ earlier this month decided to cut crude oil production quotas by 2 million barrels per day, starting in November.

Global market risk is building like in August 2007, Lawrence Summers says

“We’re living through a period of elevated risk,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “In the same way that people became anxious in August of 2007, I think this is a moment when there should be increased anxiety.”

RBI interest rate decision, global trends to drive markets this week: Analysts

The Reserve Bank of India (RBI) may take cues from its global counterparts to raise interest rate for the fourth time in a row to control inflation.

How the Ukraine-Russia war rattled global financial markets

The six months of Russian invasion on Ukraine has thrown global financial markets into severe turmoil, making recession an imminent threat to the global economy

Exim Bank mulls raising $3.8 billion in FY23 by issuing bonds in global markets: MD Harsha Bangari

Being a policy bank, fully-owned by the union government, the bank also has a budgeted allocation of Rs 1,500 crore for the current fiscal year.

Mutual funds can resume investing in international stocks: Sebi

Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of $7 billion for the industry

Rate Hike | Jerome Powell’s late start on inflation traps US Fed in a dilemma

The US Fed’s monetary policy tools are useless against surging global food and energy prices, but they’re starting to play an outsized role in rising inflation expectations

Global shares fall amid interest rate, earnings worries

The Shanghai Composite index sank 5.1 percent and Hong Kong fell 3.7 percent as China reinforced its stringent pandemic policies while case numbers rose.

Market sell-off with Gurmeet: Buying select stocks amid volatility, betting on tech, API and more

Sell-off in global markets, weak Q3 results and pre-budget nervousness triggered heavy sell-off in domestic bourses as risk sentiment took a blow ahead of the Federal Open Market Committee meeting. As investors remain jittery, we caught up with Gurmeet Chadha for his insights and learnings from the market mayhem, to help retail investors navigate the wild market

Global Markets in 2021: Recoveries, reflation and wrecking balls

The stocks bulls have stayed firmly in charge, surging energy and food prices have turbo-charged inflation, rattling the bond markets, while China has seen $1 trillion wipeouts in its heavyweight tech and property sectors.

Exports hold up for agri-inputs providers, inputs key constraint

Sharda Cropchem reported impressive sales in the September quarter while commerce ministry data show continuing positive momentum in exports of agriculture sector tyres

Pakistan emerges as Asia's top performing stock market, rises 36% since April

The country's headline index KSE 100 has surged 36 percent since the beginning of April. In comparison, Nifty has gained 33 percent while other prominent Asian markets have risen 8-23 percent

Pandemic leads to six months of global market mayhem

If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed.

100 Word Take | When China caught a cold and the world sneezed

The Chinese markets stand out from the rest