COMPOSITE Financial News

By Samuel Indyk and Ankur Banerjee

(Reuters) — Wall Street's main indexes opened higher on Wednesday with the spotlight firmly on Nvidia (NASDAQ:NVDA) as investors wait to see if the chip designer's results could reignite an artificial intelligence-powered rally in megacap growth stocks.

The Dow Jones Industrial Average rose 49.76 points, or 0.15%, at the open to 34,338.59. The S&P 500 opened higher by 8.89 points, or 0.20%, at 4,396.44, while the Nasdaq Composite gained 26.56 points, or 0.20%, to 13,532.43 at the opening bell. More to come....

Narendra Modi keenly tracking the rover's descent from South Africa. “We have achieved soft landing on the moon.

At a press conference soon after the Mars orbiter launch in 2013, a foreign journalist asked the same question: why should India send a mission to Mars when millions are in poverty? Then Isro Chairman K Radhakrishnan told him about the benefits of the space programme, but the journalist persisted with his argument. Many might raise the same question about Chandrayaan-3, India's third lunar spacecraft, which is scheduled to land on the Moon today. Though space research has some very obvious benefits such as telecommunication, weather forecasting, GPS, and detecting water bodies and minerals, going to Mars or landing on the Moon is seen by many as a vanity project.

ICICI Bank, Axis Bank, HDFC Bank and SBI even as investors shift their focus to the meeting at the summer symposium in Jackson Hole, Wyoming. Investors are anticipating clues about the future direction of interest rates as officials of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are to meet in Jackson Hole, Wyoming, later this week for their yearly conference on central banking. All eyes will be on what the US Federal Reserve Chair Jerome Powell says about inflation and interest rate trajectory on Friday.

ALSO READ: Chandrayaan-3 Moon Landing Today Live Updates With the lander, the space agency would become capable of soft land at a specified lunar site. Apart from this, the lander would deploy the rover which will help in carrying out in-situ chemical analysis of the Moon's surface during its mobility, reported CNBC-TV18. a) RAMBHA-LP (Langmuir Probe): The instrument will help in measuring the near-surface plasma (ions and electrons) density and its changes with time.

Read all the latest updates on Chandrayaan-3 here Also read: Chandrayaan-3 makers haven't received salaries in 17 months? Congress questions, BJP answers 2. ROLE OF LANDER AND ROVER: Vikram lander with a mass of 1749.86 kg including Rover Pragyan inside it, has a mission life of one Lunar day, which is equivalent to 14 Earth days. 3.

GI Engineering Solutions share price were locked at 5% upper circuit at ₹12.46 apiece on the BSE on Wednesday after the company announced its foray into film production and allied services GI Engineering Solutions has ventured into the business of film production, distribution and allied services, in addition to the existing businesses. “Many renowned and established names are joining GI Engineering Solutions Limited as board members including Mohaan Nadaar and Ketki Pandit.

Read all the LIVE updates on Chandrayaan-3 here - Soft-landing: It entails controlled descent, ensuring the safe landing of the spacecraft. On reaching an altitude of about 150-100 metres, the lander using its sensors and cameras, would scan the surface to check whether there are any obstacles and then start descending to make a soft landing.

NASA has chosen a geology team that will develop the surface science strategy for the first crewed lunar landing mission in more than 50 years, the agency informed through an official release. For advancing scientific research and opening the door for extensive lunar exploration, NASA's Artemis III mission will send humans, including the first woman to set foot on the Moon, close to the lunar South Pole. Dr Nicky Fox, NASA's Science Associate administrator, was quoted as saying in the release, «Science is one of the pillars of Artemis,» adding, «This team will be responsible for leading the geology planning for humanity's first return to the lunar surface in more than 50 years, ensuring that we maximise the science return of Artemis and grow in our understanding of our nearest celestial neighbour.» Led by principal investigator, Dr Brett Denevi, The Artemis III Geology Team will work with the agency to ascertain the mission's geological science objectives and design the geology surface campaign that the Artemis astronauts will conduct on the Moon during this historic mission. These objectives will be defined in accordance with the established Artemis science priorities, the release added. «Selecting this team marks an important step in our efforts to optimize the science return of Artemis III. This team of well-respected lunar scientists has demonstrated experience with science operations, sample analysis, and operational flexibility, all of which is critical for the successful incorporation of science during Artemis III,» said Dr.

stocks mostly edged lower on Tuesday as worries lingered that the Federal Reserve will need to keep interest rates higher for longer and as banks shares eased. Financials, down 0.8%, were the biggest drag on the S&P 500. An S&P downgrade of multiple regional U.S.

Jio Financial Services: The BSE has deferred the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance Industries, from all the S&P BSE indices to 29 August from 24 August. Jio Financial Services listed on the bourses on Monday and hit the lower circuit for the second straight on Tuesday. Vodafone Idea: Debt-ridden telecom services provider Vodafone Idea plans to clear about ₹2,400 crore wort of dues to the government by September.

Chandrayaan 3 spacecraft is expected to land on the Moon's surface at around 18:04 hours IST. Chandrayaan-3 is the follow-up mission of 2019's Chandrayaan-2 Mission which was partially successful as per the ISRO. In the previous Moon mission, the Vikram lander of the Chandrayaan-2 crashed while attempting the soft landing on the Moon's surface due to a technical glitch.

Indian stock market is expected to open on a weak note Wednesday following losses in global peers amid lower risk appetite. Asian markets fell while US stocks indices ended lower overnight as investors awaited clarity on the US Federal Reserve monetary policy outlook from Fed chair Jerome Powell’s speech at a meeting in Jackson Hole on Friday. On the domestic front, the Indian equity indices, Sensex and Nifty, ended flat on Tuesday despite positive trends in global markets.

Wall Street closed mixed, holding a bit firmer following its three-week losing streak

Toto Cutugno, a prominent personality of Italian music, has passed away today at the San Raffaele Hospital in Milan. The renowned singer-songwriter, who recently celebrated his 80th birthday in July, had been under hospital care for several months at the San Raffaele Hospital in Milan. Cutugno's international presence was significant, cementing his status as one of Italy's most beloved performers.

silver funds in the market, with six schemes that have completed one year in the market.HDFC Silver ETF lost the most at around 7.99%, followed by Aditya Birla Sun Life Silver ETF which lost 7.15%, and Axis Silver ETF that lost around 7.04%. Most schemes lost around 6% in one month.

bond yields across the euro area rose sharply on Monday as benchmark U.S. 10-year Treasury yields climbed to fresh 15-year highs on a view that interest rates will remain higher for longer than initially anticipated. That eclipsed some soft German data and demand for safe-haven assets due to concerns about China's economy. Bond prices move inversely with yields. The 10-year U.S.

ChatGPT creator OpenAI in January. Google parent Alphabet unveiled a rival chatbot the next month. Companies hoping to develop their own artificial intelligence programs need to buy Nvidia’s chips, known as graphics processing units, to build them.

The combination of headwinds preying on the US stock market is screaming ‘correction’ so loudly that, interestingly, the only factor weighing against such a move from occurring might be the very fact that markets frequently defy expectations when a situation seems overly apparent.