Today, October 8, 2024, the U.S. stock market faced notable pressure, with all major indices closing in negative territory. A sharp rise in Treasury yields, which climbed above 4% for the first time since August, spooked investors. This, combined with concerns about rising oil prices due to the ongoing Middle East crisis, contributed to the […]
Indian Stock Market Sees Sharp Decline
The Indian stock market experienced a sharp decline on October 7, 2024, with both major indices closing significantly lower. The BSE Sensex fell by 638 points, closing at 81,050, while the NSE Nifty50 dropped 218 points to finish below the 24,800 mark. This downturn was largely attributed to selling pressure in several sectors, with mid-cap […]
Stock Market Volatility Surges as Investors Brace for Key Economic Data and Rising Oil Prices
A notable development in the stock market in early October 2024 is the increased volatility driven by concerns over upcoming economic data and geopolitical tensions. Key events that investors are closely watching include the U.S. employment report and the Consumer Price Index (CPI), both of which may provide clues about future Federal Reserve interest rate […]
Stock Market Crash: Israel-Iran war to FII outflows— reasons why Sensex, Nifty plunged today amid volatility
Stock Market Crash: Domestic equity benchmarks Sensex and Nifty 50 extended losses for the fifth straight session on Friday, October 4, in an exceptionally volatile session, and logged their worst week in over two years amid weak geopolitical tensions and foreign outflows. Today’s crash comes after a two per cent decline seen in the previous session. The frontline […]
Rs 10 lakh crore wiped out as Sensex plunges over 1,700 points; 4 key factors behind today’s market crash
The market capitalisation of all listed companies on the BSE declined by Rs 9.71 lakh crore to Rs 465.15 lakh crore. Investor concerns grew after Iran launched ballistic missiles at Israel earlier in the week, raising fears that an escalation could disrupt oil supplies from the region. Oil prices ticked higher on the day. A […]
Wall Street today: US stocks mixed ahead of economic data, Fed Chair’s comments
US equity indices were mixed on Monday as investors awaited economic data and comments from Federal Reserve Chair Jerome Powell. Powell is slated to speak later in the day on the economic outlook at the National Association for Business Economics event. At 9:47 a.m. the Dow Jones Industrial Average fell 226.69 points, or 0.54 per […]
Market Crash: Why Sensex fell 1,300 pts, Nifty tested 25,800 intraday today ?
Stock market today, stock market crash news:The Indian stock market saw a bear attack on Monday, with the BSE Sensex crashing nearly 1,314.71 points or 1.53 per cent to 84,257.14 levels intraday, and the Nifty falling 384.15 points or 1.47 per cent at 25,794.10 levels.At close, the BSE Sensex stood at 84,299.78, down 1,272.07 points or […]
Swiggy IPO: Top 5 things to know about it
IPO details The Swiggy IPO is a combination of fresh issue of equity shares worth ₹3,750 crore and an offer-for-sale of 185,286,265 equity shares by existing shareholders. The IPO includes segments for qualified institutional buyers (QIBs), anchor investors, and mutual funds. Non-institutional buyers will also have opportunities, with one-third of the allocation set for bidders applying […]
Canara Bank raises $300 mn via its IFSC Banking Unit
The net proceeds from the issue of the notes will be applied by the Issuer’s IFSC Banking Unit at Gandhinagar towards the general corporate purposes, Canara Bank said in a regulatory filing. The bonds with maturity of 5 years carry a coupon rate of 4.896 to be paid semi annually, it said. Commenting on the […]