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India's benchmark indices, Sensex and Nifty, hit unprecedented intra-day highs only to close almost flat by the end of Monday.

Markets reach record high but close flat ahead Fed decision

July 29, 2024, 06:41 PM - 2 min read

Among the Sensex's top performers was Larsen and Toubro, which climbed 2.77% following news of significant new orders valued between Rs 2,500 crore to Rs 5,000 crore. UltraTech Cement also had a noteworthy day, rising 1.42% after announcing its acquisition of a 32.72% stake in India Cements for Rs 3,954 crore. Conversely, India Cements saw a decline of 0.65%.

This week, stock markets are set to be influenced by several key factors including the US Federal Reserve's interest rate decision, ongoing quarterly earnings, macroeconomic data, and Foreign Institutional Investor (FII) trading activity, according to analysts.

US Fed decision, earnings to influence stocks this week

July 28, 2024, 11:54 AM - 2 min read

The US Federal Reserve is set to announce its interest rate decision on July 31, a crucial event as markets anticipate a potential rate cut later this year. "Additionally, other macroeconomic data from the US and China will be closely monitored. On the domestic front, Q1 earnings will remain a key trigger, with many large companies scheduled to report their results," Meena added. Among the companies set to announce their quarterly results this week are GAIL, Adani Power, Bank of Baroda, BHEL, Coal India, M&M, Maruti, Tata Steel, Adani Enterprises, and Tata Motors.

SpaceX's Falcon 9 rocket has been cleared for a triumphant return to space, according to the U.S. Federal Aviation Administration (FAA). This comes after the rocket was grounded due to a rare mid-flight failure on July 11.

SpaceX’s Falcon 9 cleared for takeoff: FAA gives green light

July 26, 2024, 07:23 PM - 2 min read

In a statement on Thursday, the FAA declared that their investigation into the anomaly found no public safety issues, allowing the Falcon 9 to resume its flight operations even as the overall investigation continues. This green light signifies a major step forward for SpaceX, as the company eagerly prepares for its next launch as soon as Saturday, July 27.

Renowned banker and Kotak Mahindra Bank founder, Uday Kotak, has issued a stark warning about the potential for turbulence in the global economy.

Uday Kotak warns of global economic uncertainty amidst higher US inflation

April 11, 2024, 01:24 PM - 2 min read

The latest policy review by the US Federal Reserve indicated a belief among officials that the key interest rate had likely peaked. However, they suggested a gradual easing of the monetary policy stance later in the year if economic conditions align with their projections.

Benchmark equity indices Sensex and Nifty jumped in early trade on Thursday in-tandem with a rally in global markets after the US Fed projected three rate cuts this year.

Sensex and Nifty rally in early trading as global markets react to US Fed's rate cut plans

March 21, 2024, 11:36 AM - 2 min read

"The uncertainty regarding the Fed decision is over with the Fed keeping the rates unchanged and refraining from a hawkish message. The Fed chief's statement that "inflation has eased substantially while the labour market has remained strong" conveys conviction about the soft landing of the US economy and the possibility of probably three rate cuts this year.

In sync with the downward trend in Asian markets and the recent outflow of foreign funds, India's benchmark equity indices, Sensex and Nifty, experienced a decline in early trading on Tuesday.

Sensex and Nifty plummet in early trading amidst weak asian markets and foreign fund withdrawals

March 19, 2024, 10:41 AM - 2 min read

Leading the downturn in the Sensex were prominent stocks like Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen & Toubro, and NTPC. However, Tata Steel, Bajaj Finance, JSW Steel, and Bharti Airtel showed signs of improvement.