In the global markets, mainstream indices in Japan, South Korea. and Australia declined in the range of 0.35 to 0.96 per cent
Stocks on Wall Street fell as much as 2% on Monday, as a rise in worldwide coronavirus cases and increasing US deaths drove investors out of risky assets, crushing bond yields and share prices
Shares of travel-related companies, which had just begun to climb after suffering steep losses during pandemic-driven lockdowns last year, fell again on Monday
The Commerce Department said retail sales rebounded 0.6% last month, as spending is shifting back to services, bolstering expectations that economic growth accelerated in the second quarter
The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each
Eight of the 11 major S&P 500 sector indexes were trading lower, with technology falling 0.5% and set to snap a four-day winning streak.
In the primary market, the Rs 9,300-crore initial public offer (IPO) of Zomato was subscribed 57 per cent till 3:30 PM on the first day of the issue
ICICI Bank (up 2.7 per cent), HDFC, Axis Bank, Sun Pharma, and NTPC were the top gainers on the frontline S&P BSE Sensex
The broader markets, on the flipside, outperformed the benchmarks with the BSE MidCap and SmallCap indices rallying 0.40 per cent and 0.75 per cent, respectively
Dasgupta tells Subhomoy Bhattacharjee that India's requirements to ensure energy for all its citizens and raise per capita income should be an acceptable part of global climate strategy
Weekly jobless claims rise unexpectedly last week; economy linked stocks, mega-cap tech names under pressure
Stocks fell broadly in early trading on Wall Street Thursday as traders turned cautious following a series of record highs for major U.S. indexes. The S&P 500 pulled back 1.3per cent, and about 95per cent of the stocks in the index were lower. Technology companies were having some of the biggest losses, which helped pull the Nasdaq composite down 1.5per cent. Bond yields continued to fall as traders worried that the Federal Reserve will start withdrawing some of its measures supporting the economy. The yield on the 10-year Treasury note fell to 1.30per cent. It traded as high as 1.74per cent at the end of March.
Atlanta Federal Reserve President Raphael Bostic warned that a spike in the highly infectious variant could hamper a US economic recovery
Shares of Morgan Stanley climbed 3.71 per cent during early New York trading
Asian stock markets declined Monday after Wall Street hit a new high as investors looked ahead to manufacturing indicators from Japan, China and South Korea. Shanghai, Tokyo and Seoul declined. Trading in Hong Kong was suspended due to a weather alert. On Friday, Wall Street's S&P 500 index turned in its biggest weekly gain in four months. Investors have been encouraged by progress in Washington on an infrastructure spending plan. Markets have recovered from the Federal Reserve's announcement that it might start raising interest rates sooner than expected. The S&P's gain is generally telling of improving sentiment, said Mizuho Bank in a report. The Shanghai Composite Index rose less than 0.1% to 3,609.43 while the Nikkei 225 in Tokyo shed 0.3% to 28,984.93. The Kospi in Seoul shed 0.1% to 3,298.52 while the ASX-S&P 500 in Sydney slipped 0.1% to 7,299.00. New Zealand and Jakarta also declined, while Singapore advanced. Investors are looking ahead to monthly surveys of ...
Dubai is moving full-speed ahead with in-person events on the back of fewer travel restrictions and one of the world's most-connected airports
WASHINGTON/LONDON (Reuters) -Wall Street notched broad gains on Friday, with the S&P 500 index closing at a record and global shares also finished at an all-time high, while oil prices rose for a fifth straight week.
Shares in US delivery firm FedEx Corp shed more than 4% after hiring difficulties tempered its 2022 earnings forecast
The market is still feeling the aftereffects of the Fed's surprise projection last week for rate hikes as soon as 2023, which knocked stocks
The STOXX 600 was 0.3% lower on the day but was up around 1.5% from the lows it hit on Monday.