GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices closed flat in a volatile session on Wednesday as a rise in high-weightage private banks offset a drop in state-owned firms and energy stocks after a recent rally. The NSE Nifty 50 shed 0.18% to 23,516, while the S&P BSE Sensex added 0.05% to 77,337. Both the indexes rose about 0.3% each to hit all-time highs at the open before surrendering gains. Here's how analysts the market pulse: "Nifty remained range-bound, staying broadly within 23,450 and 23,650. Sentiment continues to favour short-term bullish trades as the index sustained above the 55 exponential moving average (EMA) on the hourly chart. The short-term trend remains strong, and any dips towards the 55-hour EMA, which is currently pegged at 23,340, might get bought into. On the higher end, in the short term, the index might move towards 23,800 and beyond," said Rupak De of LKP Securities. Aditya Gaggar, Director of Progressive Sha...

[hfe_template id='11223'] [ad_1] Economists at Citigroup Inc. and JPMorgan Chase & Co., some of the last holdouts predicting a Federal Reserve interest-rate cut in July, have relented. After Friday’s release of stronger-than-anticipated May employment data, Citigroup now sees US policymakers making their first move in September, while JPMorgan looks for no change until November. “We are shifting our base case for the first rate cut from July to September,” Andrew Hollenhorst, Citigroup’s chief US economist, said in a report Friday. While the labor market and US economy both appear to be slowing, “surprisingly strong job growth” last month will probably stay the Fed’s hand while “waiting for more data on slower activity and inflation.” JPMorgan’s chief US economist Michael Feroli, also in a Friday report, said “the recent momentum in job growth” suggests that the “broader” labor-market weakening the Fed has said could warrant a rate cut may take more than three months...

[hfe_template id='11223'] [ad_1] European stocks edged higher on Thursday after strong forecasts from AI darling Nvidia lifted global chipmakers, while investors awaited the latest business surveys to gauge the euro zone economy's outlook and interest rate path. The pan-European STOXX 600 index was up 0.2%, as of 0711 GMT, with the tech index gaining 1.2% to lead sectoral gains. Shares of European semiconductor stocks including ASML , Infineon and ASM rose in the range of 1.5% to 2.4% after Nvidia forecast quarterly revenue above estimates, announced a stock split and raised its quarterly dividend by 150%, on a post-split basis. Nvidia's shares rose 6.5% in Frankfurt trading. Flash business surveys for the euro zone and the UK later in the day are expected to show a slight improvement in May. Defensive sectors such as utilities and real estate were on the backfoot, with Britain's National Grid tumbling nearly 8% after it announced plans to raise about 7 bil...

[hfe_template id='11223'] [ad_1] The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday. Investors will look for evidence in Nvidia's earnings that the AI chip leader can maintain its explosive growth and stay ahead of rivals. At least three brokerages lifted their Nvidia price targets, while peer Micron Technology climbed 2.96% after Morgan Stanley upgraded the memory chipmaker to "equal-weight" from "underweight." The PHLX semiconductor index rose 2.15%. "If they surprise to the upside Nvidia could spark a mini fury, although everything's kind of expensive, s...

[hfe_template id='11223'] [ad_1] The Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday. The S&P 500 finished the session with a modest gain, while the blue-chip Dow dipped below 40,000 after closing on Friday above that level for the first time. "The Nasdaq is being led higher by Nvidia, but otherwise they're a little bit stalled," said Jay Hatfield, portfolio manager at InfraCap in New York. "The S&P 500 is 11% above its 200-day moving average, which is pretty extended." "We're in a range-bound market and Nvidia will dominate global equity trading this week." Comments from Fed officials have reflected the U.S. cen...

[hfe_template id='11223'] [ad_1] China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges. The People's Bank of China (PBOC) will guide the growth of credit and keep liquidity ample, the bank said in its quarterly monetary policy implementation report. "We will maintain the stability of monetary policy, enhance the consistency of macroeconomic policy orientation, strengthen counter-cyclical and cross-cyclical adjustments, increase support for the real economy, and effectively consolidate and enhance the positive trend of economic recovery," it said. "The global economic recovery momentum is divided, and uncertainties such as monetary policy adjustments and geopolitical conflicts in developed economies still exist. The sustained recovery of the domestic economy still faces many challenges." The Communist Party's ...

[hfe_template id='11223'] [ad_1] Aptus Value Housing Finance India on Friday reported a 21% year-on-year rise in March quarter net profit to Rs 164 crore against Rs 135 crore reported in the year-ago period, backed by healthy business expansion. The net profit was Rs 612 crore for FY24, reflecting 22% growth over the preceding fiscal. Its interest rate spread, however, fell 8.71% for the quarter against 8.9% in the year-ago period. The lender's assets under management expanded 29% year-on-year to Rs 8722 crore, while gross non-performing assets ratio improved a bit to 1.07% at the end of March from 1.15% a year back. The company board proposed an interim dividend of Rs 2.50 per equity share of face value of Rs 2 each for FY24. It has fixed May 15 as the record date for the purpose of payment of interim dividend. "Going forward, we will continue to prioritise responsible lending and risk management, ensure sustainable growth and asset quality, focus on expanding ...

[hfe_template id='11223'] [ad_1] Millions of investors across the globe will have their eyes glued to their screens tonight when the Federal Open Market Committee meeting gets underway. At stake is the answer to the trillion-dollar question of whether the Federal Reserve — in its wisdom —will decide to keep the interest rates higher for longer, or will it, as a few economists are hinting, make a hawkish pivot. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it won’t have an impact on the Indian markets. But that would be a costly blunder. Market players love to cite a dictum. It goes: When the US sneezes, the world catches a cold. It means that macroeconomic and financial developments within the US have larger repercussions on the gl...