[ad_1] India’s benchmark indices closed near two-week lows and the rupee weakened 0.2 per cent against the US dollar on Monday as rising Covid cases in China and talk of persistent rate hikes by US Federal Reserve officials unnerved the markets. This is a sharp reversal of sentiment from a week ago […]
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[ad_1] Shares of HDFC Bank and parent Housing Development Finance Corp (HDFC) jumped more than 5 per cent each on optimism that their amalgamation will attract higher capital flows from passive trackers than previously anticipated. The optimism follows a rule tweak by global index provider MSCI on treatment of stocks M&A-bound in […]
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[ad_1] Domestic markets are likely to open lower in Thursday’s trade after the US Federal Reserve hiked interest rates to 75 basis points (bps) by fourth consecutive time, taking the benchmark lending rate to 3.75-4 per cent. At 8:15 am, the SGX Nifty quoted at 17,991 levels, down 91-odd points. Globally, the US markets plunged […]
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[ad_1] Indian equity markets are likely to start Tuesday’s trade on a positive note, supported by steady foreign flows, drop in crude oil prices, and hopes of softened rate hike cycle. At 8:00 am, the SGX Nifty quoted at 18,181 levels, indicating an upside of 120 points. Globally, weak big tech earnings weighed on the […]
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