Market News

Prior To US Inflation Data, Asia Shares Are Rising

With a single source of current volatility eliminated by the Japanese holiday, Asian stocks nudged up on Monday. Investors braced themselves for important economic data from China and the United States, which provided an update on the outlook for global growth. U.S. consumer prices on Wednesday, which analysts predict will rise by 0.2% in each […]

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3–5% Drop In Adani Group Stocks In The Midst Of Hindenburg’s New Allegations Targeting SEBI

Following severe accusations made against SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, by US-based short seller Hindenburg, Adani Group stocks fell sharply in today’s trading. The market, however, did not respond angrily to these claims because the losses were restricted to the modest reductions in the Adani Group equities. Hindenburg’s Accusations Hindenburg

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Mogo Finance Sees Growth In Q2, Focuses On Wealth And Payments

With a 12% increase in payment volume through its Carta service to $2.8 billion and a 10% increase in revenue to $17.6 million, Mogo Finance Technologies Inc. (MOGO) reported a strong second quarter. The corporation made significant advancements in its wealth division with the goal of upending the mutual fund market with an accessible and

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China’s Bond Market Trembled As Bond Bulls Squared Up Against The Central Bank

The second-biggest bond market in the world, China’s, is tense after a wild week during which the central bank began to heavily intervene to stop a decline in yields despite the country’s faltering economy. However, ardent investors argue that the government bond bull market still has legs, pointing to the shaky Chinese economy, deflationary pressures,

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$53 Million Will Be Invested By BHP, Rio Tinto, And Qantas In The Australian Carbon Credit Fund

According to statements released by the fund and the companies on Monday, BHP (BHP.AX), Rio Tinto (RIO.AX), and Qantas (QAN.AX) will invest a total of A$80 million ($52.7 million) as early-stage investors in an Australian carbon credits fund that aims to invest in land reforestation projects.  Australian Carbon Credit Units (ACCUs) from reforestation programs will

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Total Energy Services Inc. Releases Official Q2 Earnings

In the second quarter of 2024, Total Energy Services Inc. (TESI) posted a record performance, with revenue up just 2% from the same period the previous year. The firm credits the successful purchase of Saxon Energy Services, stable industrial conditions in Canada and Australia, and rising demand for compression and process equipment in North America

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Power And Real Estate Stocks Have A 5-6% Short-Term Upside

Adani Green Energy Ltd.’s shares fell by about 7% during Monday’s trading session in response to the most recent set of accusations from Hindenburg Research. On Friday, however, local brokerage Emkay Global Financial Services began covering the Adani Group shares, pointing to a robust upside potential of over 50% in the shares. According to Hindenburg

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Among The Fifteen Equities On The F&O Ban List Today Are Bandhan Bank, Biocon, PNB And SAIL

On Monday, August 12, the National Stock Exchange (NSE) prohibited trading in fifteen equities in the futures and options (F&O) segment due to their surpassing of 95% of the market-wide position limit (MWPL). These equities will, nevertheless, be traded on the cash market. Every day, the NSE updates the list of securities that are prohibited

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US Stock Futures Remain Stable As Data On Inflation Approaches

For additional hints about the state of the economy and a slowdown in inflation, this week’s main focus will be on the consumer price index inflation data, which is anticipated on Wednesday. It is anticipated that the reading will have slightly decreased in July compared to June, a pattern that would probably increase enthusiasm about

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SEBI Collects ₹75 cr In Penalty For Violation, Appeal Against Its Orders Fall

In FY24, the Securities and Exchange Board of India (SEBI) recovered approximately ₹75 crore in penalties for unfair trade practices, while appeals against its rulings decreased by more than 30% in the fiscal year ended 31 March. The market regulator’s annual report revealed that the overall number of appeals lodged against its rulings in FY24

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