Bajaj Finserv lifts Indian shares as investors look past inflation uptick
Indian shares vaulted to a five-month high on Tuesday, driven by sharp gains in Bajaj Finserv and HDFC Life Insurance, as investors looked past a higher-than-expected inflation print. The NSE Nifty 50 index (.NSEI) was up 0.65% at 18,053, as of 0441 GMT, while the S&P BSE Sensex (.BSESN) rose 0.65% to 60,503.02. Both indexes were set for their […]
Stocks, US Futures Extend Rally as Dollar Tumbles: Markets Wrap
European stocks and US futures extended a rally and the dollar retreated as traders bet inflation is near peaking even as policy makers ramp up hawkish rhetoric. The Stoxx Europe 600 index climbed for a third day, with retailers and miners leading the advance and all major regional benchmarks in the green. Futures on the […]
Indian shares at 3-week high on gains in banks, metals
Indian shares hit a three-week high on Friday, lifted by financial and metal companies, with a slump in oil prices and better prospects of economic growth buoying investor sentiment. The NSE Nifty 50 index (.NSEI) was up 0.53% at 17,893.6, as of 0446 GMT, while the S&P BSE Sensex (.BSESN) rose 0.46% to 59,963.99. Both indexes are on track […]
Indian shares hit near three-week high as oil declines
Indian shares hit a near three-week high on Thursday, after two straight sessions of losses, led by gains in automobile and banking stocks, and a sharp fall in global oil prices. The NSE Nifty 50 index (.NSEI) was up 0.67% at 17,742.30, as of 0521 GMT, while the S&P BSE Sensex (.BSESN) rose 0.75% to 59,468.69. Both the benchmark […]
Morning Bid: King Dollar
A look at the day ahead in European and global markets from Tom Westbrook In the dying days of zero rates in Europe, it is beginning to look like only a 75 basis-point surprise can save the euro, and never mind the pound. The Asia session has belonged to the dollar. It’s up past 144 […]
US Futures, European Stocks Rise; Pound Rebounds: Markets Wrap
US stock futures climbed, with dip buyers drawn to attractive valuations after three weeks of Wall Street declines. European stocks rose as investors assessed responses to the region’s energy crisis ahead of the European Central Bank’s policy meeting later this week. S&P 500 and Nasdaq 100 contracts both advanced by about 0.6%, with cash trading […]
Dubai road-toll operator Salik to sell 20% shares via IPO – document
Dubai road-toll operator Salik said on Monday it is selling 20% of the company via an initial public offering, the third state-linked entity to seek a listing this year in a program aimed at attracting investor interest in the domestic stock exchange. Salik, which was launched in 2007 and has 3.6 million vehicles registered on […]
BYD Stock Sale Is an Old-School Value-Investing Move by Buffett
When Berkshire Hathaway Inc. started trimming its stake in BYD Co., theories swirled about the prospects for China’s largest electric-vehicle maker. Turns out, it’s less about the company and more about Warren Buffett being Warren Buffett. Berkshire has begun shedding BYD stock, dragging down the firm’s shares as traders feared an exit by its most notable backer. For […]
Stocks Dip as Dollar Gauge Hovers Near Record High: Markets Wrap
An Asian stock index fell Friday and a dollar gauge hovered near a record high ahead of key US jobs data that could stir expectations for another sharp Federal Reserve interest-rate hike. Drops in Japan and Hong Kong weighed on the region-wide equity index, while China’s bourses were mixed. US futures wavered after Wall Street […]
India’s SpiceJet shares fall nearly 15% on bigger quarterly loss
Shares of India’s SpiceJet Ltd (SPJT.NS) tumbled nearly 15% on Thursday to a one-month low, after the low-cost carrier posted a bigger quarterly loss due to higher fuel costs and unfavorable foreign currency rates, and said its finance chief had resigned. SpiceJet on Wednesday reported a net loss of 7.84 billion rupees ($98.50 million) for the quarter […]