Markets snap 2-day losing run; Sensex rises 276 pts, Nifty nears 19,800

Closing Bell on Tuesday, November 21: Among sectors, the Nifty Metal index rallied 1.22 per cent, followed by the Nifty Realty (1.13 per cent), and the Nifty Media (1.12 per cent)

8:24 AM

Stocks to Watch: Bharti Airtel, Concor, IGL, IRCTC, ABB, Titagarh, Vascon

Concor has partnered with Indraprastha Gas to set up LNG/LCNG infrastructure within its terminals. READ MORE

8:19 AM

ALERT:: Gift Nifty quotes at 19,800; hints a gap-up of 50 points on the Nifty

8:14 AM

Asian Market Update:: Hang Seng, Taiwan rally around 1%

Source: Yahoo Finance

8:10 AM

Trading strategies for Nifty Banks and Financial Services indices

According to Ravi Nathani, an independent technical analyst, traders can consider to adopt the buy on dips strategy for Nifty Financial Services and Private Banks indices. However, the PSU Bank index looks weak. READ MORE

8:06 AM

Commodity Alert:: Brent Crude Oil quotes above $82 per barrel

Source: Investing.com

8:02 AM

Commodity Alert:: Gold futures near $2,000-mark

Source: Investing.com

7:58 AM

India Inc net profit share in GDP now just shy of 5% after robust Q2

India Inc’s net profit as a percentage of the country's gross domestic product (GDP) is just shy of reaching 5 per cent, bolstered by strong earnings growth in the second quarter of 2023-24. Analysts interpret this as an indication that a corporate profit upcycle is in progress, with projections suggesting that this share could exceed 8 per cent within the next five years, driven by bullish earnings growth expectations. READ MORE

7:53 AM

Structural demand for US debt strong despite market volatility: Moody's

The structural demand for US debt which underpins the dollar-based global financial system remains strong against the backdrop of recent Treasury market volatility, Moody's Investors Service said on Monday. READ MORE

 

7:48 AM

Thrive-led OpenAI investors try to bring back Altman to leadership role

OpenAI’s investors are still trying to return co-founder Sam Altman to a leadership role at the ChatGPT maker, and Microsoft Corp. has signaled that it wouldn’t oppose such an outcome. READ MORE

7:44 AM

OpenAI's founder Sam Altman exposes the charade of AI accountability

When the news hit late Friday afternoon that OpenAI  had forced out founder and Chief Executive Officer Sam Altman, almost immediately the comparisons to Apple Inc. ousting Steve Jobs were making the rounds. In other words, this was a catastrophic miscalculation to unseat a tech visionary. Although history may come to see it that way as well, the passing of time might also offer another, maybe more important reflection. READ MORE

7:36 AM

US seeks over $4 bn from crypto exchange Binance to end criminal case

The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange. READ MORE

7:33 AM

Citigroup cuts 300 senior manager roles in latest rejig, says report

The company started announcing the cuts - which affect staffers two levels below Fraser’s executive management team - on Monday, according to a person familiar with the matter. They amount to roughly 10 per cent of the workers at that level, according to the person, who asked not to be identified discussing personnel information. READ MORE

Citigroup CEO Jane Fraser

7:28 AM

Oil advances above $81 a barrel as Opec+ likely to go for deeper cuts

With inventories swelling in the US and timespreads signaling weaker conditions, hedge funds have slashed their bets on oil to the least bullish in 20 weeks. READ MORE

7:25 AM

US Market Update:: Nasdaq soars 1.1% led by gains in Microsoft shares

Source: Yahoo Finance

7:05 AM

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