The National Stock Exchange of India has filed its draft red herring prospectus with SEBI, bringing the country’s most-awaited market listing a step closer after nearly a decade of delays. The proposed initial public offering is expected to be a pure offer-for-sale of about ₹30,000 crore, large enough to overtake Hyundai Motor India’s 2024 listing… Continue reading NSE files for IPO: exchange behind 93% of India’s cash market to go public
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Crypto market at risk as liquidations jump 65% after hawkish Fed
The crypto market is on edge today, June 18, as investors react to the hawkish Federal Reserve decision and the ongoing boom in the stock market. Bitcoin price retreated below $65,000, while the market capitalization of all tokens fell by 3% to $2.2 trillion. Some of the top laggards were coins like Audiera, DeXe, SPX6900,… Continue reading Crypto market at risk as liquidations jump 65% after hawkish Fed
Nikkei tops 71,000 as Asian markets shrug off US-Iran deal risks
Asian markets were broadly steady on Thursday as investors looked past the formal signing of a US-Iran interim peace agreement and focused instead on what comes next for oil, rates and risk appetite. The deal extends an April ceasefire by 60 days and aims to create room for a final truce, but it has not… Continue reading Nikkei tops 71,000 as Asian markets shrug off US-Iran deal risks
Three must-own dividend stocks irrespective of the broader market trajectory
Wall Street’s careening trajectory has left investors grappling with a highly volatile macro climate. Despite brief relief from a tentative US-Iran ceasefire, the Federal Reserve’s latest Summary of Economic Projections paints a hawkish picture – slashing GDP expectations while projecting sticky PCE inflation at 3.6%. With newly appointed Fed Chair Kevin Warsh signaling that interest… Continue reading Three must-own dividend stocks irrespective of the broader market trajectory
USD/CHF forecast ahead of the SNB interest rate decision today (June 18)
The USD/CHF exchange rate rose modestly after the Federal Reserve left interest rates unchanged on Wednesday, with investors now turning their attention to the Swiss National Bank’s upcoming monetary policy decision. It was trading at 0.7988, up slightly from this week’s low of 0.7900. US dollar jumps after FOMC decision The USD/CHF pair drifted upwards… Continue reading USD/CHF forecast ahead of the SNB interest rate decision today (June 18)
FTSE 100 Index forecast ahead of the BoE interest rate decision
The FTSE 100 Index remained in a narrow range this week as focus shifted to the key UK macro data and actions from the Federal Reserve and the Bank of England (BoE). It was trading at 10,440 points on Wednesday, up from this month’s low of 10,122. Bank of England interest rate decision The FTSE… Continue reading FTSE 100 Index forecast ahead of the BoE interest rate decision
Dow falls 500 points as Fed’s hawkish shift jolts markets
US stocks fell sharply on Wednesday, with the Dow Jones Industrial Average shedding nearly 500 points, after the Federal Reserve left interest rates unchanged but signaled that policymakers may still need to raise borrowing costs to contain inflation. The Dow closed down 507 points, or 0.98%, at 51,492.55. The S&P 500 lost 1.21% to end… Continue reading Dow falls 500 points as Fed’s hawkish shift jolts markets
Allbirds stock jumps 45% as company rebrands to Smartbird
Allbirds completed its transformation from a footwear company into an artificial intelligence infrastructure provider on Wednesday, changing its name to Smartbird and appointing former Amazon executive Nadia Carlsten as chief executive officer. The announcement sent shares of the company, which continues to trade under the ticker BIRD, sharply higher. The stock surged more than 45%… Continue reading Allbirds stock jumps 45% as company rebrands to Smartbird
Robinhood stock gains as analysts back growth despite layoffs
Robinhood Markets HOOD shares moved higher on Wednesday after multiple Wall Street firms reaffirmed their bullish outlook on the online brokerage, arguing that the company’s growth prospects remain strong. The bullish view came despite a planned workforce reduction affecting roughly 10% of employees. The stock gained more than 12% in mid day trading after both… Continue reading Robinhood stock gains as analysts back growth despite layoffs