Show Financial News

surging rates on long-term bonds. When the Federal Reserve started raising its benchmark federal-funds rate in March 2022, long-term interest rates rose with it. This continued fairly steadily until the end of last year, when rates flattened out.

Rajya Sabha heavyweights to take the field, according to a report published by The Times of India. Sources stated that this will lead to open doors for others in Rajya Sabha, however, no final decision has been taken yet. They stated a few prominent faces may also be asked to contest the polls.

BSE and NSE after flat listing. The mainboard issue listed on NSE at ₹282.35 apiece levels and went on to touch intraday low of ₹261.60 per share within few minutes of share listing. However, stock price of the parent company of Mufti brand witnessed buying interest at lower levels and gave sharp upside move and touched intraday high of ₹321.90 apiece levels.

By Ankur Banerjee

Investing.com-- Gold prices kept to a tight range in Asian trade on Wednesday after rising optimism over early interest rate cuts by the Federal Reserve drove a strong melt-up in prices through December. 

Investing.com-- Japanese and Indian stock markets were the top performers in Asia through 2023, with a dovish Bank of Japan and optimism over the Indian economy acting as key points of support.

Cholamandalam Investment & Finance Company Ltd. gained 0.8 per cent to Rs 1254.95 at 11:57AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 1264.0 and low of Rs 1247.35 so far during the session.

Ashok Leyland Ltd. traded 0.57 per cent up at Rs 174.8 on Wednesday at around 11:52AM (IST), while the benchmark BSE Sensex advanced 457.66 points to 71794.46. As many as 296,341 shares changed hands on the counter with a total value of Rs 5.18 crore.

Gautam Adani and his conglomerate by storm. Since the turn of the year, Adani’s company was accused of corporate misdoings, the Opposition said the Centre favoured him over others, the Supreme Court got involved, and his investors lost money. Yet, as we approach the end of 2023, he has yet to be charged for any of the allegations.

Who's Harry Potter?," explores a groundbreaking technique that allows large language models to selectively forget information. Microsoft researchers Mark Russinovich and Ronen Eldan demonstrated that AI models can be modified to erase knowledge of the Harry Potter books—characters, plots, and all—while maintaining their overall decision-making and analytical abilities. The choice of Harry Potter was deliberate, as the series is universally familiar, making it easy for researchers to evaluate the effectiveness of the technique.

BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China.

Investing.com-- Most Asian currencies stuck to a tight range on Wednesday, while the dollar languished near five-month lows amid persistent bets that the Federal Reserve will begin cutting interest rates early in 2024. 

Voltas, part of the household appliance industry, rallied more than 10% in a week to hit a fresh 52-week high last week and chart patterns suggest that the rally may not be over yet. Short-term traders can look to buy the stock now for a possible target above 1,000 levels in the short to medium term, suggest experts. The consumer durable stock rose from Rs 859 as of December 15, 2023 to Rs 947 recorded on 22nd December 2023 which translates into an upside of over 10% in a week. The stock hit a 52-week high of Rs 957 on December 20, 2023. The stock rose more than 11% in a month.

Bank of Baroda traded 3.17 per cent up at Rs 232.3 at 10:15AM (IST) on Wednesday, even as BSE benchmark Sensex gained 394.14 points to 71730.94. The stock had closed at Rs 225.15 in the previous session. The stock quoted a 52-week high price of Rs 232.4 and 52-week low of Rs 146.5, respectively.

Life Insurance Corporation of India rake in a massive profit of Rs 2.28 lakh crore in its portfolio. LIC, which is invested in about 260 listed companies in India, saw the market value of its overall holdings surge to Rs 11.89 lakh crore from Rs 9.61 lakh crore in December last year, data by Ace Equity showed. The market value has been calculated based on the shareholding of LIC as of September end and the current market price of the stocks. The Nifty 50 has given 18% returns on a year-to-date basis. But from its 52-week low touched in March this year, the index has rallied more than 28% to scale a lifetime high of 21593 points in this month. LIC’s Nifty 50 portfolio alone has given the domestic institutional investor handsome returns this year.

Dunki Box Office collection Day 6: Shah Rukh Khan’s Dunki is maintaining consistent earnings at the Box Office, both domestically and internationally. After the 6th day, the net collection in India stands at ₹139.95 crore. The movie has garnered around ₹256 crore worldwide in Gross Box Office Collection (GBOC) after 5 days.

By Rae Wee

Investing.com-- Oil prices fell slightly on Wednesday, retreating from strong gains in the prior session as supply disruptions in the Red Sea and the prospect of early U.S. interest rate cuts in 2024 lent some support to crude.

Investing.com-- Most Asian stocks rose on Wednesday, tracking a rally on Wall Street as investors cheered the prospect of early interest rate cuts by the Federal Reserve, while Chinese shares lagged on a bleak economic outlook.

Investing.com — US stock futures are showing minimal change this Tuesday night as investors closely monitor the benchmark index's progress towards a record high.

Are the markets cheaper now? A popular market gauge used by analysts and investors suddenly showed that Indian markets have been trading at attractive valuations since September-end. Price-to-book (P/B) ratio of the benchmark Nifty 50 index, a metric used by many to judge the relative attractiveness of the markets, dropped to 3.45 on 29 September from 4.31 the previous day. The lower the ratio, the better it is—implying that the value of stocks is comparatively cheaper and ripe for investments.