Natco Pharma on Monday said it has received a favourable verdict from Delhi High Court in a patent infringement case. Yesterday i hv shorted 5 lots at 620 but EOD i was covered at 613 then long at same price. zoom stock GalleryAnalysts say the cap will have little immediate impact on oil revenues Moscow currently earns. Russia said the cap would not hurt the financing of its "special military operation" in Ukraine.
- Hence, with inflation potentially showing signs of ebbing and growth concerns coming to the fore, we expect the RBI to hike its repo rate by a comparatively subdued 30-35bps in the upcoming MPC meeting.
- Brent, the international benchmark, fell 3% to $82.98 a barrel.
- Partly the market resilience in India comes from the retail optimism and DII investment.
- Meanwhile, data from the Commerce Department showed that factory orders were up 1% in October, beating expectations for an increase of 0.7%.
- The tech-heavy Nasdaq composite moved down 1.4% in morning action, with China-based JD.com , Baidu and Trip.com posting the index’s biggest early gains.
ISM services sector data for November turned higher, and factory orders increased in October. The market rally has erased all the gains from Fed chief Jerome Powell’s Nov. 30 speech. No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast’s views. Alameda Research’s private equity portfolio could have nearly 500 investments scattered across 10 holding companies, the Financial Times reported. Analysts are nervy about what tight Federal Reserve policy means for bank stocks.
Trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 63 points. The Nifty futures were trading around 18,746 levels on the Singaporean exchange. As per the pivot charts, the key support level for the Nifty is placed at 18,621, followed by https://dotbig.com/ 18,589 & 18,536. If the index moves up, the key resistance levels to watch out for are 18,726 followed by 18,758 and 18,811. The market is expected to open in the red as trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 63 points.
U.S. stock indexes posted their worst day in nearly a month on Monday as hotter-than-expected reading on the U.S. services sector fueled speculatio… British consumer spending ticked up last month at a rate that greatly lagged behind inflation, according to surveys on Tuesday that underscored the pressure on household budgets ahead of the Christmas holidays. Barclaycard said spending on its credit and debit cards rose 3.9% year-on-year in November, far behind the annual 11.1% increase in consumer prices in October that was the highest reading in 41 years. Electric-vehicle giant Tesla traded down 2.8% Tuesday. Dow Jones tech leaders Apple and Microsoft were mixed after today’s stock market open. Meanwhile, JPMorgan Chase was upgraded from underweight to overweight at Morgan Stanley, a so-called double upgrade, sparking an advance of more than 1% in morning trade.
CCC Intelligent Solutions to transfer stock listing to Nasdaq Global Select Market
AZO shares declined 3% despite better-than-expected results for its fiscal first quarter, while GitLab shares soared more than 12% in morning trade. The Dow Jones Industrial Average fell 150 points Tuesday morning, as the major stock indexes threatened to add to losses from Monday’s stock market sell-off. Dow Jones financial giant JPMorgan jumped after https://dotbig.com/markets/stocks/ZM/ being double upgraded ahead of the market open. Dave & Buster’s Entertainment Inc. fell around 7% in the extended session Tuesday despite a beat for the restaurant and entertainment chain’s third-quarter results. Dave & Buster’s earned $1.9 million, or 4 cents a share, compared with $10.6 million, or 21 cents a share, in the third quarter of 2021.
According toIBD MarketSmith pattern recognition, in the wake of Monday’s 1.5% loss. Nvidia shares were marked 3.75% at $159.87 each while Micron nudged 0.67% lower to $53.68 each. Sanjay Mehrotra, DotBig called TSMC’s investment a "game-changing development for the industry". Here’s a list of issues overshadowing FIFA’s quadrennial showpiece. Create a list of the investments you want to track.
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Stock Market Today, Dec. 6, 2022: Dow Drops as Stocks Retreat; Oil Falls
Goldman Sachs CEO says recession is likely, with 35% chance of a soft landing
Shares of IRB Infrastructure Developers rallied as much as 5% in Tuesday’s early trade after the company reported a strong performance in toll revenue collection in the month of November. Euro zone business activity declined for a fifth month in November, suggesting the https://dotbig.com/ economy was sliding into a mild recession as consumers cut spending amid surging inflation, a survey showed. Survey data from the Institution of Supply Management showed that services sector activity picked up last month, with a reading of 56.5, up from 54.4 in October.
West Texas Intermediate crude was down 3.3% to $77.31 a barrel. DotBig Brent, the international benchmark, fell 3% to $82.98 a barrel.
Microsoft President Smith going to Washington to try to save Activision deal
Celsius , Chubb , IBD Leaderboard stock Dexcom and KLA — as well as Dow Jones names Caterpillar , Chevron and Home Depot — are among the top stocks to buy and watch. Benchmark 10-year Treasury note yields slipped to 3.53% in New York trading, consolidating yesterday’s gains, while 2-year notes were pegged at 4.366%. stock market news today With inflation still sticky, and global headwinds accelerating, JPMorgan CEO Jamie Dimon now sees a greater chance of a U.S. recession. Stablecoin issuer Circle canceled plans to go public via SPAC merger. The company, which oversee the USDC stablecoin, said the decision was not impacted by the FTX disaster.