Short covering is the purchase of stocks to settle an existing short position, indicating a shift from severe bearishness to bullishness. Four equities experienced short covering during the trading session on Wednesday. Here’s the list of the four stocks with short covering. 1. Indiamart Intermesh Indiamart Intermesh provides a platform and tools for over 12.5 […]
Following the announcement on Wednesday that the insurance company had sold its Employer Voluntary Benefits division to privately held StanCorp Financial Group, popularly known as The Standard, for $2 billion, Allstate (ALL) shares hit an all-time high. The insurer announced on Tuesday that this action marked the beginning of its plan to merge its three
Allstate Divests Its Employer Voluntary Benefits Unit; Stocks Increased By 5% Read More »
For the fourth straight day, Australian stocks increased on Wednesday as expectations of a September interest rate decrease by the Fed Reserve were bolstered by weaker U.S. producer price data. In broad-broad buying, the S&P/ASX 200 index increased 0.6% to 7,872.2 by 00:18 GMT. Because less expensive services offset an increase in the cost of
The tower company announced in an exchange filing on Tuesday that the share buyback offer of Indus Towers will begin on Wednesday, August 14, and end on August 21. “To eligible shareholders who held equity shares of the company as on August 9 (the Record Date), the company has e-mailed the Letter of Offer today,
On August 14 Indus Towers’ Rs 2,600 Crore Share Repurchase Offer Would Start Read More »
After a spike in U.S. stock volatility last week, panic seems to have subsided, but if past performance is any indication, markets could stay nervous for months. The Cboe Volatility Index (.VIX), which is Wall Street’s most widely watched indicator of investor worry, has quickly reduced after closing at a four-year high last week and
US Stock Market Fear Subsides, But Historical Evidence Suggests A Swift Return To Calm Read More »
Tuesday’s gains in U.S. indices saw them close at a nearly two-week high, as lower producer pricing data supported expectations of a Federal Reserve interest rate drop in September. Because cheaper services offset rising costs of products, U.S. producer prices rose less than anticipated in July, suggesting that inflation remained mild. The PPI grew 2.2%
Wall Street Closes Up As news On Lower Producer Prices Encourages Rate-Cutting Bets Read More »
The compensation limit for the Investor Protection Fund Trust has been increased by the National Stock Exchange from Rs 25 lakh to Rs 35 lakh. Claims against trading members who have been declared defaulters or expelled are subject to the new limit. The fund was created to reimburse investors for these kinds of losses as
The Investor Protection Fund Trust’s Maximum Amount Payable Has Been Increased By NSE Read More »
Following the market chaos that temporarily triggered alarm on Wall Street last week, financial markets are indicating a larger likelihood of an impending recession. It is still considered an outside chance. However, models developed by Goldman Sachs Group Inc and JPMorgan Chase & Co indicate that the market-implied chances of an economic downturn have increased
As Per Goldman And JPMorgan, Markets Pricing In Higher Recession Odds Read More »
Equities fluctuated between profits and losses in early New York trading after the S&P 500 posted its best four-day performance since 2024. Treasury yields edged slightly higher. Swap traders expected the Fed to decrease interest rates by roughly 40 basis points in September, with a total rate reduction of more than 105 basis points this
Asian Stocks Adhering To The US Rise In The Countdown To CPI Read More »
Following the release of a fresh report by US-based short-seller Hindenburg Research, shares of Adani Group firms, including Adani Enterprises, Adani Ports, and Adani Green Energy, plummeted by as much as 7% on Monday. The Nifty 50 index companies Adani Enterprises and Adani Ports saw losses of up to 5% before bouncing back somewhat from
Adani Stocks Decline 7% As A Result Of Hindenburg Allegations Read More »
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