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 […]
Petrochemical Stocks Under Pressure as Oil Prices Fall
Indian oil marketing companies’ stocks rose on Wednesday as a result of the fall in the global crude oil prices while petrochemical stocks came under selling pressure on margin squeeze fear. The OMC stocks were up with Indian Oil Corporation up by 3-5 percent, BPCL and HPCL were also up by 3-5 percent. The optimism […]
Nifty Hits New All-Time High Before Retreating as Investors Eye Fed Decision
The Indian stock market had a highly unpredictable session on Wednesday as Nifty 50 index rose to a new record high and then lost those gains as investors are waiting for the outcome of the U. S. Federal Reserve policy meeting. The Nifty rose to a record level of 25,482 points in early trade but […]