Last Friday, investors pulled a hefty $5.2 billion from the $QQQ NASDAQ 100 ETF, marking the most substantial single-day outflow since the dot-com bubble peak […]
Category: Finance
India is expected to surpass its FY24 target for dividends from state-run firms by at least $1.4 billion
India is likely to exceed its fiscal year 2024 target for dividends from state-run firms by a significant margin, with projections indicating a surplus of […]
December Job Surge: 216,000 New Positions Beat Expectations of 170,000
December Job Data Highlights: • The US economy generated 216,000 jobs, surpassing the anticipated 170,000. • Unemployment rate dropped to 3.7%, outdoing the predicted 3.8%. […]
India’s GDP Growth Forecasts for 2023-24
The initial growth estimate provided by the statistics ministry for the current year surpasses the Reserve Bank of India’s prediction of 7.0 percent. • The […]
Brokerage Reports: Mindspace REIT, Prestige, Sobha, DLF, Godrej Prop, Oberoi Realty, Macrotech, Embassy REIT, Sunteck Realty, Nippon AMC, HDFC AMC, KFin Tech, Max Financial, BSE, Tata Motors
HSBC’s Strategy for India: – FII inflows into Indian equities reached $21 billion by the end of 2023, with expectations for further growth. Target remains […]
Polycab Shares Plunge 21%, Wiping Out Rs 15,500 Crore in Investor Wealth: FPIs Hit Hard Amid Income Tax Raid Fallout
• Foreign portfolio investors incurred a loss exceeding Rs 1,900 crore as Polycab shares dropped by 21% following an income tax raid. • The market […]
Tesla Initiates Major Price Cuts for Model Y in Europe Amidst Demand Concerns
In response to concerning demand, Tesla has implemented substantial price reductions for the Model Y across Europe, mirroring a strategy employed in China a week […]
U.S. Federal Deficit Jumps 52% to $129 Billion in December 2024: Record Outlays and Decreasing Receipts
• In December, the U.S. federal government reported a deficit of $129 billion, reflecting a 52% increase from the prior year, primarily due to higher […]
Stock Brokerage Reports Overview: Infosys, TCS, Polycab, Macrotech, HDFC AMC, and India’s OMCs/Oil & Gas Sectors, etc.
• Infosys: 1. INCRED: Upgrades Infosys to Add from Hold, raising target price to ₹1,668 from ₹1,496. 2. Jefferies: Maintains Buy on Infosys, increases target […]
Breaking: China’s Export Shockwave – 2023 Marks First Annual Decline in Seven Years
1. China’s Export Decline:• China faced its first annual decline in exports in seven years, with a 4.6% drop in 2023, attributed to tensions with […]
India’s Economic Snapshot: CPI Uptick, Financial Indicators Shift, and Industrial Production Declines
India’s Economic Overview: December Data Highlights 1. CPI Trends: – In December, India’s Consumer Price Index (YoY) rose to 5.69%, indicating a slight uptick from […]
2024 Anticipates Unprecedented Rate Cut Spree: 7 Cuts, 3 Debates, and an 18% Chance of Eight
In 2024, markets anticipate continuous rate cuts starting in March, aiming for a total of seven reductions to reach 3.50% to 3.75% by December. • […]