NASDAQ Financial News

Sensex closing above 66,000 and the Nifty breaking past 19,500 for the first time after US inflation in June rose at the slowest pace in more than two years, fuelling bets the Federal Reserve may be close to ending its rate-hiking cycle. Foreign fund managers continued to pour money into Indian equities, buying stocks worth ₹2,636.43 crore on Friday as the dollar fell to a 15-month low on easing inflation. A weakening dollar is fuelling appetite for riskier assets such as emerging markets.

Investing.com — The S&P 500 gave gains Friday as financials were hurt by a slip in Citigroup as the Wall Street bank failed to replicate the better-than-expected quarterly results delivered by rivals JPMorgan and Wells Fargo .

Investing.com — U.S. stocks were rising after three big banks reported strong second quarter profits.

(Reuters) — Wall Street's main indexes opened higher on Friday after three of the country's top lenders including JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC) commenced second-quarter earnings for big U.S. banks on a strong note.

Investing.com — Major U.S. banks begin to deliver their second-quarter earnings reports, with investors keen to see how they have managed to weather the turmoil in the sector earlier this year. Elsewhere, U.S. regulators continue their legal push to temporarily halt the massive tie-up between Microsoft and Activision Blizzard, while Hollywood actors go on strike.

Bank NiftyBANK NIFTY continued to underperform the broader markets with sharp profit booking in PSU bank index as it made a double top near 4500 levels.The weekly candle has turned negative and the positive momentum will be above 45,000 levels only and lower top confirms further weakness.On the downside support is placed near the 20 day SMA of 44,350 levels and can witness some bounce from the lower part of the range.Highest call OI is at 45000 strike while on the downside the highest put OI is at 44,500 for the weekly expiry.Wipro Ltd reported a dollar revenue decline of 2.1% in the June quarter, after Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd posted tepid numbers earlier, stoking growth concerns in India’s $245 billion IT services industry this fiscal year.Worryingly, Wipro has forecast that its revenue could contract again in the September quarter. The country’s fourth-largest IT services firm estimates revenue could fall by 2% or improve by 1% in constant currency terms.

The data provided more evidence that inflation pressures were subsiding. Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years.

«With the start of earnings season, the market is likely to witness more stock specific action. In the near term, it may remain in consolidation mode though the undertone remains positive on the back of strong FII inflows, robust domestic macro-micro factors and expectation of normal monsoon,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19250 to 19550 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, lower at 19,543, signaling that Dalal Street was headed for negative start on Friday.

Investing.com — U.S. stock futures were slightly lower Thursday evening, following a positive session among major benchmark averages as investors braced for earnings results from major financial companies set for release on Friday morning.

Investing.com — The S&P 500 extended its rally Thursday, underpinned by better-than-expected quarterly earnings and a Google-led surge in tech after the search-engine giant launched its Chat-GPT rival, Baird, in Europe and Brazil.

Stocks that are trading heavily or have substantial price changes Thursday: Trade Desk, MillerKnoll rise; CryoPort, Fastenal fall

stocks rose again and global stock markets hit new highs for 2023 on Thursday, while the dollar and Treasury yields continued to slide, as hopes that slowing U.S. inflation will persuade the Federal Reserve to hit the pause button on interest rate hikes after this month. Wall Street's main stock indexes built on Wednesday's sharp gains after data showed that consumer prices rose modestly in June, registering the smallest annual increase in more than two years.

Stocks on Wall Street extended their year-long rally on Wednesday, with the S&P 500 and Nasdaq Composite both reaching fresh 52-week highs after data showed U.S. inflation continued to subside in June.

Tracking the NASDAQ-100 Equal Weighted index, the ETF will see the stocks reweighted at each quarterly rebalancing date.

Investing.com — U.S. stocks were rising after another inflation gauge confirmed that prices are cooling, giving the Federal Reserve wiggle room when it comes to ending interest rate increases.

The Dow Jones Industrial Average rose 64.88 points, or 0.19%, at the open to 34,412.31.

Stocks closed higher on Wall Street after a report showed inflation cooled a bit more than expected last month

Investing.com — U.S. stock futures rose Thursday, extending the previous session’s gains after cooler-than-expected inflation data raised expectations of an early end to the Federal Reserve’s rate-hiking cycle.

Investing.com -- Investors await the publication of fresh inflation data out of the U.S. after stocks were boosted in the previous session by weaker-than-expected consumer price growth in June. Elsewhere, China's trade data for June disappoints estimates and Beijing announces new rules governing the use of generative artificial intelligence.

(Reuters) — U.S. stock index futures edged higher on Thursday following a sharp rally on Wall Street in the previous session as data showed inflation was cooling, with investors looking ahead to producer price data due later in the day.

Nifty Midcap 150 outperformed all major indices clocking gains of 6.36 per cent and 6.16 per cent, respectively in June. According to a report by domestic brokerage firm Motilal Oswal titled ‘Global Market Snapshot’, Nifty Smallcap 250 and Nifty 150 have risen 19.99 per cent and 18.05 per cent respectively in the first quarter of current fiscal 2023-24. In addition, both indices have outperformed the other indices when compared on a three-month, six-month, and on an annual basis.