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Written by , ETMarkets.com| Nov 03, 2024, 11:16:09 AM IST 1/6 Market Summary Indian market closed in the red for the second consecutive day in a row on Thursday.The S&P BSE Sensex fell more than 500 points while the Nifty50 managed to hold on to 24,200 levels ET Online 2/6 Sectoral Summary Sectorally, buying was seen

Dollar, which has dominated currency markets in recent weeks, finally eased back last week. But this retreat does not necessarily indicate a reversal of its upward momentum. Instead, the greenback appears to be taking a breather ahead of the impending US presidential election. Closing as the second strongest performer among major currencies, Dollar still has

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export. “The wastage permissible and standard input-output norms with regard to export of jewellery have been revised,” the Directorate General of Foreign Trade (DGFT) said in a public notice, adding that

Markets: Gold down $10 to $2734 US 10-year yields up 10 bps to 4.38% WTI crude oil up 20-cents to $69.46 S&P 500 up 0.4% GBP leads, CHF lags The crosscurrents in markets continued on Friday as we count down to the US election. It’s tough to separate moves based on economic data from election

Gold as an asset class needs no introduction. It is often touted as “store of value” i.e. over the time it retains its value or purchasing power. Historically, Gold has been used as potential hedge against inflation. Further, as they say “when going gets tough in financial market, gold gets going” i.e. historically at the

Dollar saw broad-based weakness in early US session following a much weaker-than-expected non-farm payroll report. Headline job growth came in well below forecasts, though market reaction remains tempered, as the data is widely believed to be heavily skewed by recent hurricanes and strikes. With unemployment rate holding steady and wage growth surpassing expectations, the underlying

The Canadian dollar is in a tough spot. The US dollar rose 15 pips against the loonie today to 1.3950, which is the first time at that level since 2022. The next level to watch is 1.3978, as a rise above that level would be the highest since the pandemic. And other than a brief

ETMarkets.com| Oct 31, 2024, 04:32:38 PM IST 1/7 Top Performers Indian benchmark equity indices traded lower on Thursday, dragged down by a decline in information technology stocks, but Larsen & Toubro’s jump after maintaining its annual growth forecast helped cap further losses. Meanwhile, six small and midcap stocks from the Nifty 500 index hit new

Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, the current selloff is notably milder. The focus now is on whether Sterling can stabilize in the coming days or

Why it’s important? In the Asian session, Eamonn published the range of estimates for today’s US NFP report. These ranges are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although

Written by , ETMarkets.com| Oct 31, 2024, 06:02:24 PM IST 1/8 New Highs On Thursday, the benchmark index, the Sensex, declined by 553 points, finishing at 79,389. Despite the market’s downturn, seven stocks within the BSE 500 index reached their 52-week highs. A 52-week high indicates the highest price a stock has achieved in the past

Euro strengthened broadly after Eurozone’s flash CPI revealed stronger-than-expected increase in headline inflation, while the decline in core inflation has come to a halt. This data, coupled with the better-than-anticipated GDP figures released yesterday, has provided substantial support to the hawks within ECB. There appears to be no immediate need for ECB to accelerate monetary

Consensus estimate +113K Estimate range +0K (ABN AMRO) to +200K (DBS Bank) September was +254K Private consensus +90K versus +223K prior Unemployment rate consensus estimate 4.1% versus 4.1% prior Prior unrounded unemployment rate 4.0510% Prior participation rate 62.7% Prior underemployment U6 7.7% Avg hourly earnings y/y exp +4.0% versus +4.0% prior Avg hourly earnings m/m

Written by , ETMarkets.com| Oct 31, 2024, 06:09:39 PM IST 1/4 Stock Ideas Indian benchmark equity indices fell on Thursday, logging their worst monthly performance since March 2020, as record monthly foreign outflows and lacklustre corporate earnings pummelled investor sentiment.They were dragged most by IT stocks with support from FMCG and bank stocks. While Nifty finished

Yen recovers broadly today after BoJ left interest rates unchanged, and largely maintained the economic projections unchanged too. The direction of monetary policy remains clear as the next move is a hike if the outlook is realized. Yet, BoJ dropped no clue on the timing. Data from Japan were mixed, with stronger industrial production and

The losses so far today are largely led by tech, with Nasdaq futures down 0.7% currently. It comes despite Meta and Microsoft reporting earnings beat after the close, with Greg providing a comprehensive rundown of it all here. Is it a case of month-end timing? Or perhaps investors weren’t all too happy with the surging

Gold December futures contracts at MCX today opened at Rs 79,681 per 10 gram, which is down by 0.14% or Rs 113 while silver December futures contracts were trading at Rs 96,825/kg, down by 0.94% or Rs 915. In the month of October, precious metals have shown an impressive upward rally, with gold prices gaining