Tag: us stocks
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US futures head to more record highs ahead of big tech earnings, while oil climbs despite raging global pandemic
US stock market investors are feeling optimistic about the economy. Spencer Platt/Getty Images US futures rose on Tuesday morning, the day after the S&P and Nasdaq hit record highs. Investors eagerly awaited Q1 earnings from Microsoft and Alphabet, and weighed up Tesla's results. Oil prices climbed as the demand outlook brightened, despite the ongoing COVID-19…
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Top news and market movers ⚡ this week: 9th Apr’ 21
Top news RBI’s Monetary Policy Committee kept the repo speed & reverse repo rate unchanged at 4% and 3.35% respectively using an accommodative stance. The MPC kept the GDP growth projection unchanged at 10.5percent for FY22. SIP inflows hit an all-time high of Rs 9,182 crore in March 2021, a substantial rise of 22 percent…
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Top news and market movers ⚡ this week: 5th Mar’ 21
Top news The Employees’ Provident Fund Organisation (EPFO) has retained the rate of interest at 8.5percent for the fiscal year 2020-21. SEBI in a circular on Mutual Funds has laid down a procedure for modification in control of AMC in addition to other parameters such as investment pattern, yearly reports for unitholders, undertaking from Trustees…
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US stocks set for third daily fall after biggest drop since October, as global markets second-guess recent rally
Wall Street had a Hard day on Wednesdaywith Shares tumbling and Redditors piling on the pressure Xinhua/Getty Images US stock futures signaled a third daily collapse later now, following Wednesday’s sell-off. Short-term fears over the market and vaccines have pumped marketplace confidence. Some analysts said the GameStop saga had shaken a couple of big investors.…
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Top news and market movers ⚡ this week: 8th Jan’ 21
Top news Foreign Portfolio Investors (FPIs) invested Rs 1.42 lakh crore into equities during October – December quarter compared to Rs 51,984 crore during the previous quarter. The net AUM of mutual funds grew by 7.6% to Rs 29.71 lakh crore in December 2020 compared to the AUM of Rs 27.6 lakh crore at the…
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Top news and market movers ⚡ this week: 18th Dec’ 20
Best news Bitcoin created an all time high as it moved over $23,000 for the first time ever. Having a 220% surge from the start of 2020, market cap of Bitcoin has crossed $400 Billion. After being oversubscribed by 157 times, Burger king obtained listed at a top of 92% on the issue price of…
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Top news and market movers ⚡ this week: 27th Nov’ 20
Top news Foreign Institutional Investors bought Rs 65,317 crore worth of Indian equities during the month of November, 2020. Highest monthly infusion in the last 2 decades. November turned out to be the best month in decades for multiple global Indices. Dow Jones went up by 12.9%, S&P Energy by 33.7%, S&P Financials by 19%,…
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Top news and market movers ⚡ this week: 20th Nov’ 20
Top news RBI panel has suggested allowing huge NBFCs with resources above Rs 50,000 Crore to be considered for conversion into banks. The RBI panel recommended letting banking licences for large industrial houses. Lakshmi Vilas Bank was set under moratorium till 16 December. The withdrawal cap was put at Rs 25,000 such as ECS debits.…
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Top news and market movers ⚡ this week: 13th Nov’ 20
Top news Finance Minister Nirmala Sitharaman announced a stimulus package worth Rs 2.65 lakh crore in the form of Atmanirbhar Bharat 3.0. This includes income tax relief for home buyers and fertiliser subsidy of Rs 65,000 crore for farmers. The net AUM of the mutual fund industry grew by 5.1% to Rs 28.2 lakh crore…
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Top news and market movers ⚡ this week: 16th Oct’ 20
Top news SEBI has announced that cut-off time for equity oriented mutual funds is being restored to 3 PM with effect from 19 October, 2020. The truncated cut-off time remains unchanged for debt and conservative hybrid funds. SBI Mutual Fund has appointed Moiz Miyajiwala as an Independent Director on the Board of SBI Funds Management…