Volatility in single stocks is rising. It could soon threaten the S&P 500 too
Activity at the index level in stocks belies chaotic dynamics taking place under the hood.
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Apple hits $5 trillion market value for first time in its history
Apple briefly hit a $5 trillion market cap, second to Nvidia. Its shares rose 0.72% to $339.33, valuing it at $4.98 trillion. Apple’s stock is up 25% this year.
Manipal Health IPO opens July 29: Should you subscribe? Here’s what brokerages say
Manipal Health Enterprises plans to utilise ₹5,552.7 crore from the fresh issue to repay debt, primarily borrowings raised for the acquisition of Sahyadri Hospitals. Another ₹574 crore will be used to acquire the remaining 9.84% stake in Sahyadri Hospitals. As…
Explained – Why Dow Jones rose nearly 550 points on Tuesday but Nasdaq 100 fell 1%
This rotation out of chip stocks was also evident as investors chose to buy the beaten down software stocks, as shares of Accenture and Cognizant gained 7% each, while those of Salesforce and Adobe were also up 4.5% each. The…
Nifty IT is set for its best month in six years – Here’s what is contributing to it and what lies ahead
Wipro and Oracle Financial are the underperformers of the month with gains of 6% each. Oracle Financial though, continues to remain the best performing IT stock on a year-to-date basis, with a 45% advance, while Coforge and Tech Mahindra also…
Manipal Health raises ₹4,167 crore from anchor investors ahead of ₹9,275-crore IPO
Manipal Health Enterprises has secured strong institutional backing ahead of its public issue, raising ₹4,167 crore from anchor investors at the upper end of its IPO price band. The hospital chain plans to use a significant portion of the fresh…
US Fed meeting begins today: Will Kevin Warsh hold rates or surprise markets? Here’s what to watch
The U.S. Federal Reserve convenes today, July 28, for its two-day Federal Open Market Committee (FOMC) monetary policy meeting. Central bankers are gathering to evaluate sticky inflation data, steadying employment numbers, and volatile global energy dynamics before announcing their benchmark…
Graphite India faces 3.68% preliminary US countervailing duty on graphite electrode exports
Shares of Graphite India Ltd ended at ₹648.10, down by ₹15.00, or 2.26%, on the BSE.
IndiGo’s next destination? The world, says Rahul Bhatia
After conquering India’s skies, the airline is betting its next 20 years on global expansion. In his annual letter, IndiGo’s Managing Director Rahul Bhatia outlines ambitious overseas plans, reflects on last year’s disruptions and warns that geopolitical tensions and volatile…
Nifty Outlook for July 29: Index looks for 24,000 support ahead of big results day
The Nifty snapped its momentum on Tuesday, ending little changed after spending the monthly expiry session in a tight trading range. Weak global markets capped gains, while traders awaited fresh triggers to determine the index’s next move.