The Week Ahead: Here are key events that will guide the market next week

The Indian equity benchmark indices, Sensex and Nifty ended lower for the week gone by, snapping a four-week gaining streak. The Nifty declined 0.7 percent, while the Sensex closed around 0.2 percent lower. Investor sentiment weakened after the US Federal Reserve hinted at interest rate hikes by 2023 and taper the…

Global Markets: Fed update weighs down Wall Street, adds fuel to the dollar

All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the US Federal Reserve, while the dollar posted the strongest gains in over a year and oil prices continued a steady climb. After starting the week near record highs, US stocks have steadily dropped since Fed…

Closing Bell: Sensex ends 178 points lower, Nifty below 15,700; banks, metal drag

Indian indices ended lower on Thursday, weighed by banks and financials after the US Federal Reserve pulled up the rate hike timeline to 2023 from 2024 earlier citing rising inflation. The Sensex ended 178 points lower at 52,323 while the Nifty fell 76 points to settle at 15,691. “Indian equities traded…

Here are key stocks that moved the most on June 15

Indian shares rose to all-time highs on Tuesday led by gains in financials and FMCG stocks as investors await the outcome of the U.S. Federal Reserve’s policy meeting later this week. The Sensex ended 221 points higher at its new closing high of 52,773 while the Nifty rose 57 points to settle at its fresh…

Closing Bell: Sensex, Nifty end at record closing highs led by financials, FMCG stocks

The Sensex ended 221 points higher at its new closing high of 52,773 while the Nifty rose 57 points to settle at its fresh closing high of 15,869. Indian shares rose to all-time highs on Tuesday led by gains in financials and FMCG stocks as investors await outcome of the U.S. Federal Reserve’s policy meeting…

India’s Petronet to invest $2.6 bln for local expansion over 5 years

India’s top gas importer Petronet LNG (PLNG.NS) will invest $2.6 billion over five years to expand local infrastructure as investing in overseas projects is ‘not lucrative’ in the current liquefied natural gas (LNG) surplus market, its head of finance said. “Right now, investment in…

Top stocks to watch out for on June 7

The Indian market is likely to open higher on Monday following gains in global markets. At 7:10 am, the SGX Nifty was trading 68.00 points or 0.43 percent higher at 15,777.00, indicating a positive start for the broader index in India. Maruti Suzuki | The company’s total production in May 2021 jumped to 40,924…

Top stocks to watch out for on June 1

The Indian market is likely to open higher on Tuesday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 72.50 points or 0.47 percent higher at the 15,652.50 level on the Singaporean Exchange at 7:10 am. Auto stocks | The automobile companies will…