500 Financial News

The bears had a relatively easy time last week as high yields, ongoing geopolitical risks, strong economic data, and, most importantly, disappointing earnings all worked in their favor.

Daily charts show indexes in a bit of a freefall, so the focus shifts to weekly timeframes. The S&P 500 was the last of the lead indexes to break weekly-trend support, lining up the 200-day MA for the next support test.

Lodha, listed at Macrotech Developers, is set to exceed its full year guidance of Rs 17,500 crore worth Gross Development Value (GDV) for new project additions in the current financial year, said a top company official. The company has already added projects with development value of Rs 14,300 crore or over 80% of its full year guidance in the first half of the financial year and expects to surpass the guidance soon, Abhishek Lodha, MD & CEO, Macrotech Developers, told ET. “Given how much we have already achieved in the first half and the pace of new project additions and strengthening the pipeline of business development opportunities, we are well on our way to exceed our full-year guidance,” Lodha said. The company will continue to operate with its ‘supermarket’ strategy that involves undertaking a development every 3-5 kilometres across key core property markets including Mumbai and Pune. “The ‘supermarket’ strategy is part of our diversification. We believe that Indian homebuyers typically do not shift beyond 3-5 kilometres away from where they currently live.

visa wait times, the United States has still not been able to bring it back to normal, two years after the pandemic disrupted processing. Currently, applicants from India will need to wait well over 500 days to have their B1/B2 visas processed. According to the latest data on the US Department of State- Bureau of Consular Affairs website, the wait times are now

Analysts are however hesitant to conclude that the bounce back will be sustained with geopolitical tensions and concerns over higher US bond yields continuing to cast a shadow over the markets. NSE's Nifty gained 190 points, or 1.01%, to close at 19,047.25. BSE's Sensex rose 634.65 points, or 1.01%, to end at 63,782.80. «The market has recovered due to a technical pullback after it was in the oversold category for the last six trading sessions,» said Dharmesh Shah, head, technical, ICICI Securities.

Investing.com — The S&P 500 slumped into correction territory Friday, as tech stocks gave up some of their gains and a Chevron-led fall in energy stocks weighed on investor sentiment.

Bitcoin (BTC) surfed $34,000 at the Oct. 27 Wall Street open as attention turned to BTC price performance against macro assets.

Nasdaq opened higher on Friday as robust forecasts from Amazon.com and Intel lifted beaten-down megacaps, while investors also drew comfort from data that showed inflation rose largely in line with expectations. The Dow Jones Industrial Average fell 1.90 points, or 0.01%, at the open to 32,782.40. The S&P 500 opened higher by 15.70 points, or 0.38%, at 4,152.93, while the Nasdaq Composite gained 123.08 points, or 0.98%, to 12,718.69 at the opening bell.

Bank of America equity strategists see a real risk the S&P 500 could trade below 4000 in the coming days and weeks.

Persistent worries regarding war, inflation, the possibility of a recession, and fluctuating interest rates have cast a pall of uncertainty over the market.

For a change it wasn't the Russell 2000 taking the bear market highlight report, but the S&P 500 and Nasdaq instead.

The S&P 500 is at risk of dropping another 5% after the index fell below a key technical level this week, according to Bank of America Corp.’s Michael Hartnett.

Master Capital Services pointed out that a few important factors impacting the US markets are the US 10-year bond yield crossed 5 per cent on hawkish commentary by US Fed Chairman Powell hinting at more rate hikes to control inflation. "It is expected that there will be further rate hikes by the US Federal Reserve as inflation is still not in control. The US unemployment rate also spiked to 3.8 per cent in August, the highest since Feb 2022.

The BSE Sensex was trading 500 points higher, above 63,600. Nifty50 was trading above 19,000, up 155 points at around 9.50 a.m. From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts. Among individual stocks, Karnataka Bank rose 5% after the board of the bank approved the allotment of Rs 800 crore on a preferential basis. Meanwhile, Vodafone Idea shares traded nearly 3% higher despite its consolidated net loss widened to Rs 8,738 crore in Q2 FY24 from Rs 7,595 crore in Q2 FY23. All major sectoral indices logged gains.

, the pioneering cryptocurrency, remains strong on Thursday morning, comfortably hovering around the $34,000 mark.

The Pepe price has risen by 16% in the past 24 hours, with its move to $0.00000119 finding the meme token outperforming the market as a whole, which has gained by 1.5% today.

Oil and Natural Gas Corp hopes to recover over $500 million in dividends pending since 2014 for its stake in Venezuelan projects as sanctions on the nation were eased, a source said on Thursday. The source declined to be named due to sensitivity of the matter. The Biden administration on Wednesday eased sanctions on Venezuela's oil sector after the government and opposition parties reached a deal for the 2024 election, in the most extensive rollback of Trump-era restrictions on Caracas. U.S.

Former Google employee works as Uber driver in Bengaluru; Find out why In response to these violations, Uber received a fine of Aus$412,500 (equivalent to US$260,000). According to Australian law, businesses are prohibited from sending marketing emails without the explicit consent of customers.

Alphabet shares slid after the Google parent posted disappointing earnings and as U.S. Treasury yields rose, reviving fears that interest rates could stay higher for longer. The benchmark S&P 500 index notched its fifth daily decline in six to close below the closely watched 4,200 level.

At this stage, only weekly time frames are important as we track «Crash Watch». It's a tricky situation as the S&P 500 and Nasdaq don't look vulnerable, but the Russell 2000 (IWM) is really struggling.

₹918 crore, reported Times of India. Part of the Harbour Line runs parallel to the Western Railway's suburban network.