Articles for tag: Closing, Cuts, Fueled, Global, Highs, Hit, Markets, Nifty, Optimism, Rate, Record, Sensex, Slightly

Market News

Sensex and Nifty 50 hit record highs before closing slightly lower, fueled by optimism from global markets and US rate cuts.

Sensex and Nifty 50 hit record highs before closing slightly lower, fueled by optimism from global markets and US rate cuts.

On September 24, 2024, the Indian stock Market witnessed a major milestone as the benchmark indices Sensex and Nifty 50 hit all-time intraday highs, surpassing 85,000 and 26,000, respectively. The Sensex reached a peak of 85,163 but closed slightly lower at 84,914, while the Nifty 50 closed at a record 25,940 after hitting an intraday ...

Market News

Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.

Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.

Foreign portfolio investors (FPIs) injected over Rs 87,000 crore (over $10 billion) into Indian equities this quarter, marking the highest inflow since June 2023. Key factors driving this investment include improved growth prospects, increased global index weight, and a robust IPO Market, with 50 companies raising Rs 53,453 crore by August 2024. Despite a sluggish ...

Market News

Foreign investors aggressively buy Indian equities as U.S. rate cuts loom, driven by optimism and India’s resilient market conditions.

Foreign investors aggressively buy Indian equities as U.S. rate cuts loom, driven by optimism and India’s resilient market conditions.

Foreign Portfolio Investors (FPIs) have invested Rs 27,856 crore in Indian equities in the first half of September 2024, driven by resilience in the Indian Market and expectations of an interest rate cut by the US Federal Reserve. Since June, FPIs have been on a buying spree after withdrawing Rs 34,252 crore earlier this year. ...

Market News

US-China tensions rise as American businesses report historic lows in optimism and profitability, urging tariff reductions amidst economic uncertainty.

US-China tensions rise as American businesses report historic lows in optimism and profitability, urging tariff reductions amidst economic uncertainty.

US businesses operating in China are facing significant challenges, leading to a record low in optimism about their five-year outlook. A recent survey by the American Chamber of Commerce in Shanghai revealed that only 47 percent of American firms feel positive about their future in China, down five points from last year. This decline is ...

Market News

India’s hiring optimism soars to 37%, leading globally, driven by strong sectors and robust economic growth amidst talent demand.

India’s hiring optimism soars to 37%, leading globally, driven by strong sectors and robust economic growth amidst talent demand.

The employment outlook in India for the fourth quarter of 2024 is highly optimistic, with 37 percent of employers planning to hire more staff. This figure, reported in the ManpowerGroup Employment Outlook Survey, positions India as having the strongest hiring sentiment globally, surpassing countries like Costa Rica and the United States. The survey reflects a ...

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