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NEW DELHI: The Nifty Pharma index closed on a positive note on Monday. Shares of Granules India(up 4.44 per cent), Alembic Pharmaceuticals(up 3.06 per cent), Ipca Laboratories(up 2.55 per cent), Sun Pharmaceutical Industries(up 1.34 per cent) and Alkem Laboratories(up 0.89 per cent) ended the day as top gainers in the pack. On the other hand,…

NEW DELHI: The Nifty Auto index closed on a positive note on Monday. Shares of TIINDIA(up 2.78 per cent), Bosch(up 2.29 per cent), Escorts(up 1.63 per cent), Balkrishna Industries(up 1.51 per cent) and Tata Motors(up 1.27 per cent) ended the day as top gainers in the pack. On the other hand, Eicher Motors(down 1.03 per…

Stocks may benefit from bargain-hunting Despite headwinds buffeting the global economy, the local stock market is seen to benefit from some bargain-hunting as well as window-dressing by fund managers this week. “With already three straight weeks of decline, episodes of bargain hunting may be experienced in (this) week’s trading,” said Philstocks Financial Senior Supervisor for…

It was a bullish trading week for U.S. stocks as the major indexes have returned to winning ways as they ended a three-week losing streak. The New York Stock Exchange (NYSE) All Share Index (ASI) gained 5.07% for the week, its third-largest weekly gain for the year so far. The NYSE has now ended a…

CHAPEL HILL, N.C. — There’s a two-out-of-three chance that the stock market will rise through the end of this year. Before you get too excited by these odds, however, you should know that the same odds exist at the mid-point of every year. They stay the same regardless of how much the market has risen…

Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. “It seems Wall Street is starting to believe that even if the economy…

Stocks racked up more gains on Wall Street Friday, as the S&P 500 had its best day in two years and just its second week of increases in the last 12 to provide a bit of relief from the market's brutal sell-off this year.The benchmark index rose 3.1 per cent, with technology and banks leading…

The price of Bitcoin continued to fall yesterday, dropping as much as 2.9 percent to $20,244. BTC is currently trading at $20,357.77, a slight improvement from yesterday. Notably, it is moving in tandem with the weakening stock market due to concerns about a global recession. Controversies on the Bitcoin Launch Timing Satoshi Nakamoto started working…

Sentiment remains fragile amid the Fed’s rate-hiking campaignIron ore, base metals slump on demand concerns; oil steadyWATCH: “When risk appetite is low, there’s every risk to think that the safe-haven dollar could remain supported,” says Rabobank’s Jane Foley. Source: BloombergJune 19, 2022, 10:18 PM UTCUpdated onJune 20, 2022, 8:04 PM UTCUS index futures staged a rebound…

Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full…

Warren Buffett often talks about how the secret to getting rich simply requires patience. You buy good companies and hold them for a long time."Get rich slowly," however, has never been a philosophy many American investors embrace. That seems to have gotten worse over the past few years, with easy access to free trades gamifying…

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 66 basis points. The NGX ASI closed at 51,091.75 points to reflect a growth of 0.66% from the previous trading day and a Year-to-Date (YTD) return of 19.61%. Meanwhile, the market capitalization grew by N180.61 billion.…

Morgan Stanley says the stock market hasn’t priced in a recession yet and the S&P 500 could fall another 23% | Fortune

Updated at 4:15 pm ESTStocks rebounded firmly Tuesday, following on from the worst week on Wall Street in more than two years, as investors eased back into risk markets despite persistent concerns over growth and inflation and fears of a near-term recession. The Dow Jones Industrial Average, which closed below the 30,000 point level for…

The worst is yet to come for the crypto market, experts say Monica Noronha · 11 hours ago · 4 min read Industry experts told CryptoSlate there is "no sign of a bottom yet" but crypto winter could be as short as a few weeks. 4 min readUpdated: June 20, 2022 at 7:01 pm Cover…

An unwind of the stock market’s best performing sectors had to happen eventually. And that may be just what this bear market ordered, according to Jonathan Krinsky, chief market technician at BTIG. Since June 8, energy, utilities and materials have been the S&P 500’s SPX, +0.22% worst-performing sectors, dropping 20%, 12% and 14% respectively, he…

U.S. stock and bond markets will be closed Monday, June 20, in observance of the Juneteenth holiday, which commemorates the end of slavery in America. Officially known as the Juneteenth National Independence Day, it became a federal holiday last July, when legislation was signed into law by President Joe Biden. The legislation passed the Senate…

Talking pointThere’s a whiff of panic in the air – and not just in stock markets“It’s getting ugly out there,” said Ben Wright on Telegraph.co.uk. “Wall Street collapsed into a bear market on Monday” – and fell further the following day, “amid fears that sharply rising interest rates will tip the world’s biggest economy into…

What Goes Up Podcast • Browse all episodesIt’s a market environment that Alanis Morissette could write a verse about. Any positive upcoming US economic data may very well receive a poor reaction in the stock market, since it could embolden the Federal Reserve to continue its aggressive campaign to tame inflation. Anthony Saglimbene, global markets strategist…

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 121 basis points. The NGX ASI closed at 51,778.08 points to reflect a decline of 1.21% from the previous trading day and a Year-to-Date (YTD) return of 21.21%. Meanwhile, the market capitalization declined by N341.26 billion.…

After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago…

Short-sellers have made a killing on various sectors of the United States stock market this year, but no other sector “held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according to new data.On Thursday, technology and data analytics firm S3 Partners published a video summarizing its recent report,…

Stock market bottoms are usually identified in retrospect as the lowest point on the chart of a benchmark index like the S&P 500. Pexels via Pixabay; CanvaWhat Is a Bottom in the Stock Market? In investing, a bottom refers to the lowest price a security (or an entire market, as measured by a benchmark index) trades…

BEIJING -- Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity.Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. Oil prices edged lower but stayed above $115 per barrel.Wall Street's benchmark S&P 500 index tumbled 3.3% after Britain's central bank followed the…

North American markets faced a harsh reckoning Thursday following the U.S. Federal Reserve's outsize rate hike a day earlier, with Canada's main stock index dropping more than 600 points at closing time. Major indexes have tumbled in 2022 amid concerns over rising inflation, climbing interest rates and economic slowdowns. Despite a rebound Wednesday after the…

The best hope for stocks right now is a recession that crushes inflation and allows the Fed to slow, stop or even reverse rate hikes. Why it matters: Down 20.5% so far in 2022, it's the ugliest year for the S&P since 1962. The drop vaporized $9 trillion in paper wealth, delivering a psychological shock…

Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as…

If you invested pandemic-era gains into the stock market, or own a 401(k) plan, get ready for an anxiety-inducing ride. For the first time in nearly two years, the stock market crossed into bear market territory this week as inflationary concerns have sent the S&P 500 spiraling down more than 20% from its record high…

Topline As major indexes plunge into bear market territory, a growing number of experts are warning that key indicators suggest the latest stock selloff will only intensify before it subsides, especially if prolonged inflation keeps pushing the Federal Reserve to raise interest rates more aggressively. "The Fed is flirting with an accident waiting to happen,"…