One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. Number of merchants paying subscription for payment devices has reached 82 lakh as of July 2023, an increase of 3.8 lakh devices in the month. The company added… Continue reading Paytm shares rise over 3% on strong July business update
Category: Stock Market
Nasdaq 100 futures rise as investors weigh Big Tech earnings, await key jobs data: Live updates
Nasdaq 100 futures ticked higher Friday morning as Wall Street parsed the latest earnings from big-name technology companies in the runup to a major employment report due Friday morning. Futures linked to the tech-heavy index rose about 0.72%, while S&P 500 futures climbed 0.48%. Futures tied to the Dow Jones Industrial Average climbed 92 points, or 0.26%. A deluge of… Continue reading Nasdaq 100 futures rise as investors weigh Big Tech earnings, await key jobs data: Live updates
India now top-ranked equity market, says Morgan Stanley
Morgan Stanley has upgraded its stance on India to ‘overweight’ on the back of multipolar world trends that support FDI and portfolio flows, boosted by India’s reform and macro-stability agenda that underpins a strong capex and profit outlook. The report by the foreign bank said India is now the most-favoured equity market, with relative valuations… Continue reading India now top-ranked equity market, says Morgan Stanley
Stocks to buy or sell today: Top 4 short-term trading ideas by experts for 2 August 2023
Indian market is expected to consolidate on Wednesday tracking muted global cues. The S&P BSE Sensex fell nearly 70 points while the Nifty50 managed to hold on to 19700 levels on Tuesday. India VIX was down by 1.22% from 10.41 to 10.25 levels in the previous trading session. Volatility sank during the day and has… Continue reading Stocks to buy or sell today: Top 4 short-term trading ideas by experts for 2 August 2023
Sarveshwar Foods shares hit upper circuit as board approves stock split, bonus issue
Shares of Sarveshwar Foods hit upper circuit on Wednesday after the company board approved stock split and issue of bonus shares to the investors. The company announced the same during the day through separate exchange filings with the exchanges. The company board of Sarveshwar foods has approved the sub-division of its equity shares in 1:10 ratio. It… Continue reading Sarveshwar Foods shares hit upper circuit as board approves stock split, bonus issue
Asian stocks draw foreign money on hopes of US rate hikes nearing end
Overseas investors bought Asian equities for the fourth consecutive month in July, spurred by signs that the Federal Reserve’s tightening cycle might be ending, a shift from last year’s policy that caused big outflows from riskier assets. Top central banks raised interest rates again last month despite cooling inflation, but their unified shift to caution… Continue reading Asian stocks draw foreign money on hopes of US rate hikes nearing end