Новости за 23.08.2024

In another two weeks, Ganesh Chaturthi will kick off the official festive season 2024. A season in which some companies look forward to for one simple reason, they tend to see the highest sales in this period as consumers loosen their purse strings. Now why look at these stocks ahead of the festive season. Look at what happened to stocks of white good markets like Voltas. The first indication of strong summer had just come in March, stock started gaining and in less than 6 months more than 50% gain from its low. Читать дальше...

Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited due to tech stocks following their U.S. counterparts lower. Export-heavy markets got support from a weaker yen. Market participants await Bank of Japan Governor Kazuo Ueda's and U.S. Federal Reserve Chair Jerome Powell's speeches.

Kamala Harris DNC Speech: Kamala Harris accepted the Democratic Presidential nomination for the 2024 election at the Democratic National Convention in Chicago. The event followed President Joe Biden's withdrawal from the race. Harris pledged to unify the nation and emphasized inclusivity and unity, appealing to both the Democratic base and undecided voters nationwide.

The Sensex rose by 147 points to close above 81,000, while Nifty ended above 24,800, in line with global markets. Stocks in focus include Paytm, which fell 3.14%, Nucleus Software, which declined 6.04%, and Aarti Drugs, which surged 6%. Expert advice includes waiting for dips before investing in these stocks.

Gold prices rose slightly on Friday but were poised for a weekly loss as investors awaited Fed Chair Jerome Powell's speech for insights on a potential September rate cut. Spot gold increased by 0.2% to $2,488.59 per ounce, while U.S. gold futures gained 0.29% to $2,524.00. Other precious metals showed mixed performance.

A NATO airbase in Geilenkirchen, Germany, has heightened its security level following intelligence on a potential threat. This comes shortly after a German military base in Cologne-Wahn was sealed off due to suspected sabotage. No contamination or connections between the incidents have been found, but the alert remains high given the current geopolitical climate.

Global funds have invested $7 billion into India's debt market over 14 weeks, showcasing the country's appeal amid global financial instability. Factors like interest rate cut prospects, the rupee's stability, and inclusion in key indices have driven investor interest. India's bonds are among Asia's top performers this year.

The decreasing amount of employment opportunities in the United States is major headache for the remaining months of the Biden administration as well as Kamala Harris as it would become increasingly tough to convince Americans that Democrats are the right fit for the White House amid such a major job recession.

Adani Group is set to sell a 2.84% stake in Ambuja Cements on Friday to raise approximately ₹4,200 crore through a block deal. The shares will be sold at a floor price of ₹600 each, a 5% discount to Thursday's closing price. Adani Group's current stake in Ambuja Cements stands at 70.33%.

India is observing its first National Space Day on August 23, 2024, commemorating the successful moon landing of ISRO's Vikram Lander from Chandrayaan-3 on August 23, 2023. The event highlights India's growing space capabilities and includes exhibitions, interactive sessions, and educational initiatives. The celebrations reflect India's commitment to advancing space science and inspiring future generations.

Defence Minister Rajnath Singh, on an official US visit, addressed the Indian community, highlighting India's international rise over the past decade. He noted increased global respect for India's positions and significant economic growth. Singh also underscored India's advancing defence sector, mentioning a rise in defence exports from Rs 600 crore to Rs 23,000 crore. His visit includes key meetings with US Secretary of Defence Lloyd Austin and National Security Advisor Jake Sullivan, aiming to strengthen India-US strategic ties.

Gunmen armed with rocket-propelled grenades ambushed a police convoy in eastern Punjab's Rahim Yar Khan district, killing 11 officers and wounding seven. The officers were searching for robbers in a deserted area. This attack is among the deadliest on police forces in the region. Authorities condemned the violence and vowed immediate action. In a separate incident, a school van was attacked, resulting in the deaths of two children and injuries to six others.

As the Democratic National Convention finale approaches, speculation over a surprise guest reaches a fever pitch. With names like Beyoncé and Taylor Swift leading the rumors, social media is ablaze with excitement. Former Republican figures Mitt Romney and George W. Bush have also been drawn into the speculation, fueling the mystery further. After Oprah Winfrey's unexpected endorsement of Kamala Harris, the convention's final night is set to be a highlight, with attendees eagerly awaiting the big reveal.

India's Defence Minister Rajnath Singh arrived in Washington for a four-day visit aimed at strengthening the U.S.-India strategic partnership. Ahead of his meeting with U.S. Defense Secretary Lloyd Austin, the Pentagon affirmed the strong military-to-military ties between the two nations. Pentagon Deputy Press Secretary Sabrina Singh highlighted the deepening cooperation, noting that both the Department of Defense and the administration are committed to maintaining close coordination. Singh's visit... Читать дальше...

Mohamed El-Erian suggests traders are overestimating the likelihood of aggressive Federal Reserve rate cuts by the year's end. He believes that a more realistic expectation is a 75-basis-point cut. The market anticipates up to 100 basis points in cuts, but the Fed's decision at their Jackson Hole symposium remains crucial.

Arbitrage funds are gaining popularity over liquid and overnight funds due to their tax efficiency, zero credit risk, and higher returns. With investments of ₹1.08 lakh crore in the past year, their assets under management have doubled. Fund managers warn that returns might slightly dip due to market volatility and increasing investments.

Kamala Harris' win prospects are increasing by the day and the stock markets along with the currency exchange rates are getting into a complete fragile and volatile state. Up until now, Trump was a clear favorite, with the markets responding to it accordingly, but now, with Harris into the picture, the stock and money markets are in a complete unpredictable state.

Oil prices remained steady in early Asian trading on Friday but are expected to end the week lower. Revised U.S. employment data and ceasefire talks in Gaza have raised demand and supply concerns. Both Brent and WTI crude futures experienced fluctuations, influenced by the economic outlook and geopolitical developments.

U.S. stock markets faced declines on Thursday with technology shares leading the fall as Treasury yields rose and global central bank officials met at the Jackson Hole Economic Symposium. Investors are keenly awaiting Federal Reserve Chair Jerome Powell's speech for insights on potential rate cuts.

Vice President Kamala Harris will accept the Democratic Party's 2024 presidential nomination, emphasizing her contrasting vision from Donald Trump. She aims to address rising costs, personal freedoms, and unite Americans. The convention features speeches from notable figures and performances by stars like Beyonce. Harris' campaign focuses on economic reforms and reproductive rights.

Equity markets inched up slightly on Thursday due to positive global sentiments. Market watchers are anticipating potential interest rate cuts in September. The Nifty showed signs of consolidation, staying above the 24,700 level, but encountering resistance at 24,850. Investors are advised to focus on selective stock-picking.