September 2024
Japanese Banks and Financial Stocks Gain Ground Amid Positive Economic Outlook
The inflows in the Japanese financial space increased today with all the important banks and financial institutions recording an increase in their prices as investors cheered over the revival of the Japan’s economy. Market sentiment is positive with the Nikkei 225 and Topix, both index indices rising significantly. Heading the list was Sumitomo Mitsui Financial […]
Nikkei 225 Surges To Three Week High As Tech Stocks Rally
The Nikkei index, which measures Japan’s stock market, climbed its highest level in three weeks today. This increase was mainly fuelled by a sharp rise in technology issues, as witnessed in most markets across the Wall Street. Market sentiment was in a sweet spot because most of the leading semiconductor manufacturers in the United States […]
South Korean Chipmakers Surge on AI Optimism
Leading semiconductor stocks in South Korea today boosted the wider market as investors placed their bets on a sustained demand in AI chips. The main KOSPI index added 1.8% finishing at 2,580.20, though information technology stocks were most prominent. Market giant Samsung Electronics posted the highest increase of 4.5% to hit a fresh 52 week […]
South Korean Stocks Rally on Hopes of Fed Rate Cut
Today’s KOSPI index in South Korean stocks rose by 2.3 % to 2,575.50 points. This even came as global equities gained or Asian equity markets rose due to the rally fueled by speculation that the U.S Federal Reserve is likely to cut interest rates given lower than anticipated inflation data in the United States. People […]
US Stock Market Rally Pauses As Investors Await Key Economic Data
The US equity market showing signs of a short term consolidation Wednesday after some impressive gains made over the prior days which saw most important stock market averages pushing fresh record high territory. Market participants stepped back from the equities prior to important releases of economic figures this week including Personal Consumption Expenditure – the […]
Sensex And Nifty Hit New All-Time Highs As Investor Optimism Soars
The benchmark Indian Index edged up in Wednesday as the BSE Sensex and the NSE Nifty touched a new record due some positive overseas signals and persistent FII activity. The benchmark Bombay Stock Exchange (BSE) Sensex rose by a record trading high of 85,516 during intraday trade and the National Stock Exchange (NSE) Nifty 50 […]
Oil Stocks Slump On Crude Price Volatility As Electric Vehicle Makers Gain Ground
Equities in the oil and gas sector suffered heavy selloff today as crude oil prices fluctuated much due to mixed signals by global supply and demand balances. Downward movements were recorded for key players including Reliance Industries Ltd, ONGC, Oil India Ltd with their share falling by between 2 – 4%. The recent instability of […]
Bajaj Finance Rises On Strong Earnings While Tech Stocks Rally On AI Hype
A non-banking financial company of India, Bajaj Finance has received a boost of its share by more than 2.5% in today’s trading session after the company posted second quarter earnings report. A 28% year-on-year growth in its net profit was achieved and is even higher than analysts’ expectations despite a slowdown in macroeconomic growth. A […]
Tech Stocks Rally as AI Chip Demand Surges
The Indian stock markets ended in a marvellous style on the closing day of the week with the Sensex and the Nifty gaining unprecedented heights. The BSE Sensex climbed more than 1,300 points and rose to 84,500+ while Nifty reached 25,800+ level for the first time ever. This marked improvement was, however, driven by the […]
Indian Stock Markets Soar to Record Highs Amid Global Optimism
The Indian stock markets ended in a marvellous style on the closing day of the week with the Sensex and the Nifty gaining unprecedented heights. The BSE Sensex climbed more than 1,300 points and rose to 84,500+ while Nifty reached 25,800+ level for the first time ever. This marked improvement was, however, driven by the […]