Page 8 - Global Stock Market

Markets may ignore West Asia events till there's no invasion: Chris Wood

Over the past few weeks, equity markets have reacted sharply to the developments in West Asia with most frontline indices across the globe slipping 1 per cent to 7 per cent.

Westlife Foodworld plunges more than 6% after Q2 net profit falls

Shares of Westlife Foodworld Ltd plunged more than 6 per cent on Friday a day after the company reported a 29.05 per cent decline in its consolidated net profit to Rs 22.37 crore for the second quarter. Westlife Foodworld's subsidiary Hardcastle Restaurants is the master franchisee of McDonald's restaurants in West and South India. The stock of the company tumbled 6.22 per cent to Rs 827.95 apiece on the NSE. On the BSE, shares of Westlife Foodworld declined 5.93 per cent to Rs 827.25 per piece. Meanwhile, the BSE Sensex jumped 538.10 points or 0.85 per cent higher to 63,686.25 points, while Nifty climbed 163.35 points to 19,020.60. Westlife Foodworld Ltd on Thursday reported a 29.05 per cent decline in consolidated net profit to Rs 22.37 crore for the second quarter ended September 2023 due to challenging market conditions. The company had posted a net profit of Rs 31.53 crore in the July-September quarter a year ago, the company said in a regulatory filing. However, the compan

Israel-Palestine war: Markets not pricing in an escalation, says Chris Wood

An immediate fallout of the developments has been on crude oil prices, which are now nearing $94 a barrel (Brent crude), rising nearly 12 per cent from $84 a barrel a fortnight ago

Centum, HAL: Chandrayaan-3 soft landing can see related stks jump up to 15%

Shares related to Chandrayaan-3 may rise up to 15 per cent in the upcoming sessions, as per their respective technical chart patterns

RIL, ONGC, M&M: Trading strategies for buzzing stocks of the day

Trend remains optimistic in RIL, ONGC, M&M, KEX and Titan shares, as per their respective charts.

Global shares sink after US Fed notes dent hopes of rate hikes ending

Global stocks followed Wall Street lower Thursday after notes from a US Federal Reserve meeting dented hopes interest rate hikes are finished. London, Hong Kong, Paris and Seoul declined. Shanghai and Wall Street futures advanced. Oil prices rose. Wall Street's benchmark S&P 500 lost 0.8% on Wednesday after minutes from the Fed's latest meeting suggested board members are unsure what to do after raising their key lending rate to a two-decade high. Traders had hoped the board would decide inflation was under control and last month's rate hike was the last. Fed officials face a tough balancing act between the risk of an inadvertent over-tightening of policy against the cost of an insufficient one, said Tan Boon Heng of Mizuho Bank in a report. In early trading, the FTSE 100 in London fell 0.3% to 7,332.01. The CAC 40 in Paris lost 0.4% to 7,233.00 and the DAX in Frankfurt retreated 0.3% to 15,738.25. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average ...

Global prices down after China's weak July data, cuts key interest rate

Global stock markets declined Tuesday ahead of an update on US retail spending after China reported that an economic slump deepened in July and its central bank cut a key interest rate to shore up growth. London, Shanghai and Wall Street futures declined. Tokyo advanced. Oil prices fell. Chinese consumer and factory activity slowed more than expected in July, official data showed. The People's Bank of China cut its interest rate on one-week loans to banks. Policymakers are starting to hit the panic button, Stephen Innes of SPI Asset Management said in a report. Also Tuesday, Russia's central bank raised its main lending rate by 3.5 percentage points to 12% in an emergency move to strengthen the ruble after the currency reached its lowest value since early in the war with Ukraine. The ruble has lost one-third of its value since the start of this year. In early trading, the FTSE 100 in London fell 1.2% to 7,417.72. The CAC 40 in Paris declined 1% to 7,277.68 and the DAX in Frankfurt

SBI, PNB: Here's how to trade banks post Q1 results and ahead of RBI Policy

Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.

Only 93 Nifty 500 stocks trade in overbought territory, more upside likely

Market participants closely monitor the RSI to determine the strength based on 70 and 30 values. This assists in identifying instruments that are supposedly experiencing increased buying or selling.

UK overtakes India as world's 6th-biggest stock market with $3.11 trn mcap

The UK's equity market capitalization remains behind France after losing its place as Europe's biggest stock market last year.

10 things to remember if you are investing in units of a mutual fund

They work well for investors who aren't adept at picking stocks, debt and other instruments. Yet, one must consider a host of factors before choosing a scheme or fund house

Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain

Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer

European stocks hover below five-week high ahead of expected ECB rate hike

But Asian markets benefited from speculation among investors that major central banks are considering slowing their aggressive interest hikes, given signs of an economic slowdown

Global stocks inch higher on hopes US Fed rate hike plans will ease

Global stock markets mostly gained Wednesday on hopes the Federal Reserve might ease off plans for interest rate hikes, while London opened lower after Britain installed its third prime minister this year amid an economic crisis. Other European markets gained. Shanghai, Tokyo and Sydney closed higher. The euro edged above $1. The future for Wall Street's benchmark S&P 500 index declined after gaining for a third day Wednesday after bond prices rose. That suggested some investors expect the Fed to ease off rate hikes as economic activity cools. Traders see weaker US housing prices and other data as support for a dial back of Fed plans at its December meeting, said Vishnu Varathan of Mizuho Bank in a report. In early trading, the FTSE 100 in London lost 0.2% to 7,001.84 after Prime Minister Rishi Sunak warned Tuesday of a profound economic crisis. The DAX in Frankfurt gained 0.7% to 13,146.40 and the CAC 40 in Paris added 0.4% to 6,274.66. On Wall Street, the S&P 500 future lost

Global shares mostly fall as investors watch for inflation, China's meet

Global shares were mostly lower on Friday in muted trading, as investors kept an eye on inflation and awaited the outcome of a Communist Party congress in China. France's CAC dipped 1.6 per cent in early trading to 5,988.78. Germany's DAX lost 1.4 per cent to 12,584.52. Britain's FTSE 100 shed 1 per cent to 6,871.64 as the Conservative Party was preparing to replace Liz Truss as prime minister within a week after she resigned on Thursday after a turbulent 45-day term, conceding that she could not deliver on her tax-cutting economic plans. Former Prime Minister Boris Johnson is among several candidates expected to vie to take her place. Former Treasury chief Rishi Sunak and House of Commons leader Penny Mordaunt are others. On Wall Street, the future for the Dow industrials lost 0.5 per cent while the S and P 500 future was down 0.7 per cent. China's ruling party congress is expected to wrap up on Saturday with an endorsement of leader Xi Jinping remaining in office indefinitely.

Global stocks surge after Wall Street rebounds from inflation jolt

Global stock markets surged on Friday after Wall Street rebounded from a slump caused by higher-than-forecast inflation numbers. Market benchmarks in London and Paris opened up more than 1 per cent. Tokyo jumped 3.3 per cent for its biggest one-day gain in seven months. Hong Kong and Shanghai also rose. Benchmark US crude rose almost USD 2 per barrel. On Wall Street, the future for the benchmark S and P 500 index was down 0.4 per cent. Wall Street slumped on Thursday after the US consumer price index for September rose 8.2 per cent. But the S and P 500 rebounded to end up 2.6 per cent for its biggest daily gain in 2 1/2 years. The sticker shock of inflation was "shrugged off, possibly because traders already expect another sharp interest rate hike from the Federal Reserve next month to cool surging prices, said Vishnu Varathan of Mizuho Bank in a report. The Fed and central banks in Europe and Asia have raised rates by unusually wide margins this year to contain inflation that is

Wall Street slides as rising Treasury yields snuff out stock rally

Twitter eases from one-year high, Tesla falls 5%; Rate-sensitive technology and related stocks like Nvidia Corp, Amazon.com, Apple Inc and Alphabet Inc fell between 1.8% and 4%

US Dollar rebounds as investors heed hawkish reminder from New Zealand

The dollar index was last up 0.54% to 110.77, after tumbling 1.3% on Tuesday

World shares mixed; British pound falls to all-time low on tax cut concerns

Global shares were mixed Monday while the British pound declined to an all-time low against the US dollar on concerns over planned tax cuts. France's CAC 40 rose 0.2% in early trading to 5,795.88, while Germany's DAX added 0.2% to 12,311.57. Britain's FTSE 100 edged 0.1% higher to 7,025.51. The futures for the Dow industrials and the S&P 500 were 0.1% lower. In Asian trading, Japan's benchmark Nikkei 225 shed 2.7% to finish at 26,431.55. Australia's S&P/ASX 200 dipped 1.6% to 6,469.40. South Korea's Kospi dropped 3.0% to 2,220.94. Hong Kong's Hang Seng gave up 0.4% to 17,855.14, while the Shanghai Composite lost 1.2% to 3,051.23. The British pound's slide against the dollar picked up pace last week after the UK's new government outlined plans to cut taxes and boost spending. The weakening currency piles pressure on the UK's new Conservative government, which has gambled that slashing taxes and increasing borrowing to compensate will spur economic growth. Many economists say .

World stocks eye 3% weekly loss, dollar sky high before US jobs data

Fresh lockdowns in China are also fuelling concerns about global growth, while high energy costs as a result of the war in Ukraine are weighing on European markets