The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close
The Dow Jones Industrial Average fell 25.9 points, or 0.08%, at the open to 31359.88
The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support
Wall Street's main indexes hit record highs on Monday, as investors made risky bets on hopes that a fiscal relief package would lead to a speedy economic recovery.
Weightage-wise, Infosys (up 3 per cent), Reliance Industries, ICICI Bank, M&M, and TCS contributed around 408-points towards overall gains on the index
Here's a selection of Business Standard opinion pieces for the day
Enforcing against short squeezes should be the first milestone of developing capability in dealing with market abuse
The WallStreetBets fight is the latest twist in the saga of an online army of investors who have roiled Wall Street over the past 10 days
Robinhood, among the fee-free online brokers that are credited with fueling the trades, said late on Thursday it had removed all buying restrictions imposed due to a surge in clearing house deposit re
J&J files Covid-19 vaccine application with the FDA; Indexes up: Dow 0.48%, S&P 0.37%, Nasdaq 0.11%
The broader markets, however, came under selling pressure. The S&P BSE MidCap and SmallCap indices ended 0.93 per cent and 0.28 per cent lower, respectively
Robinhood's website showed that the trading limit on GameStop's shares was set at 500, while for AMC the limit was set at 5,500 shares
Analysts at Barclays Capital wrote that the GameStop episode is "a wake-up call that is likely to permanently affect the business models of institutional investors
Dow up 1.1%, S&P 500 up 1.1%, Nasdaq up 1.2%
Wall Street's main indexes opened higher, as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested the labor market was stabilizing.
Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level
The so-called "Reddit rally" cooled again in after hours trade, as GameStop and AMC Entertainment, the main targets hyped on investment forums, fell
Here are the top BS Opinions of the day
Alphabet jumped 7.3% as it benefited from lockdowns that drove retail and other advertisers online
The problem with treating the GameStop saga as an Occupy Wall Street movement 2.0 is that it ignores some fundamental differences