Usa Financial News

Foreign portfolio investors turned net sellers in the secondary market last week, selling stocks worth over Rs 7,200 crore on Dalal Street. Selling by the big bulls restrained the upside in benchmark indices, as the BSE Sensex clocked just 0.3% gains.

By Jonathan Landay

Buy or sell stocks: The Indian stock market joined the global market rally after the US Federal Reserve and Bank of England kept the interest rate unchanged. The Nifty 50 index added 84 points and finished at 22,096 level, the BSE Sensex gained 190 points and closed at 72,831 mark whereas the Bank Nifty index shot up 178 points and finished at 46,863 level. In the board market, the small-cap index rose more than the Nifty 50 index even as the advance-decline ratio remained positive at 2.7:1.

cut the interest rates later this year, thus kicking off the rate cut cycle in the market. However, RBI in its Feb 2024 monetary policy meeting (MPC) kept the interest rates unchanged for the sixth time in a row. But this is expected to change as the banking regulator is likely to go for the interest rate cut later this year, Reuters reported.

By Richard Cowan, David Morgan and Makini Brice

By Andrea Shalal

By James Pomfret, Jessie Pang and Greg Torode

Gold rate today: On account of three interest rate cuts in 2024 by the US Federal Reserve, gold price on the Multi Commodity Exchange (MCX) touched a new high of ₹66,943 per 10 gm last week. However, profit-boking soon triggered and the yellow metal price retraced more than ₹1,000 per gm and ended at ₹65,870 level on Friday. After ending below the ₹66,000 mark, the MCX gold rate logged a 5.30 percent rise in MTD time whereas spot gold price ascended to the tune of 6 percent in the international market.

Apple is winding down a project to design and develop its own smartwatch displays, Bloomberg News reported on Friday, citing people with knowledge of the matter. The plan was shelved due to high costs and complexity, and Apple is now reorganizing the teams that handled display engineering and eliminating several dozen roles in the United States and Asia, according to the report.

Reuters. The statement further read, "The members of the Security Council underlined the need to hold perpetrators, organizers, financiers and sponsors of these reprehensible acts of terrorism accountable and bring them to justice." US White House spokesperson, John Kirby said, "The images are just horrible and just hard to watch, and our thoughts obviously are going to be with the victims of this terrible, terrible shooting attack." Russian Foreign Ministry official, Maria Zakharova remarked, “The entire world community is obliged to condemn this monstrous crime.

Moscow attack LIVE Updates On Friday night, several gunmen opened fire at a Moscow concert hall, killing more than 60 people, wounding more than 100, and sparking an inferno. terror outfit the Islamic State group (ISIS) has claimed responsibility. The assailants armed with automatic weapons and explosives burst into a concert hall on the outskirts of the Russian capital.

Kate Middleton says she is undergoing chemotherapy to treat cancer Harry and Meghan, known formally as the Duke and Duchess of Sussex, are no longer working royals. The couple moved to California in 2020, where they live in an exclusive enclave outside Santa Barbara, and are now forging their own businesses, after being cut off from the royal purse. Harry, who married former actress Meghan in a fairytale wedding in 2018, was at one time very close to William, but relations have soured in recent years.

Moscow concert attack: US warned Russia about risk of ‘extremists’. 10-point One of the most active regional affiliates of the Islamic State militant group, ISIS-K has seen its membership decline since peaking around 2018. The Taliban and U.S.

Narendra Modi for "micromanaging" the country. He pointed out the ISIS-claimed attack in Moscow as an example of why "micro-managing backfires". Follow our LIVE coverage of the Moscow Attack here "ISIS has claimed killing 40 and 140 wounded Russians near Moscow.

Edited Excerpts of an interview with Livemint 1) How do you assess the current domestic and global market conditions, and what factors are you closely monitoring? Inflation and geopolitical tension are the main factors impacting the global economy at present. US inflation, still hovering above the 3% level is proving to be stickier and more persistent, hence rates are likely to remain higher for the time being and any cut is unlikely in 1HCY24. To add to the concerns, the Red Sea attack by the Houthis added to higher freight rates across the globe.

Islamic State affiliate in Afghanistan called Islamic State Khorasan Province, or ISIS-K. ISIS-K was founded in 2015 by disaffected members of the Pakistani Taliban, who then embraced a more violent version of Islam. The group saw its ranks cut roughly in half, to about 1,500 to 2,000 fighters, by 2021 from a combination of U.S. airstrikes and Afghan commando raids that killed many of its leaders.

U.S. Embassy in Moscow issued a security alert March 7, warning that its personnel were «monitoring reports that extremists have imminent plans to target large gatherings in Moscow, to include concerts.» The statement warned Americans that an attack could take place in the next 48 hours. The warning was related to the attack Friday, according to people briefed on the matter. But it was not related to possible Ukrainian sabotage, U.S. officials said, adding that the State Department would not have used the word «extremists» to warn about actions ordered from Ukraine.

India's car industry is on track for a record-breaking year, with sales expected to touch about 4.23 million vehicles, buoyed by a double-digit sales surge this month. The robust performance would cement India's position as the world's third-largest passenger vehicle market, staying ahead of Japan for the second year in a row. As many as 3.99 million passenger vehicles were registered in Japan in 2023, which reports data on a calendar year basis. China is the largest car market, followed by the US. Around 375,000-380,000 cars, sedans and utility vehicles are expected to be sold in India in March, up from 336,000 units a year earlier, making it the 15th consecutive month that PV sales have breached previous monthly records. For the first time, sport-utility vehicles are set to capture more than half of the passenger vehicle market in a year underscoring their growing popularity.

Islamic State has claimed responsibility for the massive attack on concert hall in the Russian capital that left at least 40 people dead and over 100 wounded, CNN reported. A group of armed men stormed into Crocus City Hall concert venue in Moscow and opened fire and detonated explosives among the crowd on Friday (local time).

By David Shepardson and Rajesh Kumar Singh

Netflix has partnered with renowned playwright Abi Morgan for 'Eric,' a gripping thriller set in 1980s New York. The limited series, headlined by Benedict Cumberbatch, promises to deliver a captivating narrative that will keep viewers on the edge of their seats. Creator