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Indian stock market is likely to open higher on Thursday led by positive global cues as the Asian markets traded higher while US stocks ended mixed overnight. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading higher at 20,183 level as compared to the Nifty futures’ previous close of 20,129.

Read More)The Biden administration has warned of more sanctions on Russia and North Korea in light of Kim Jong Un's meeting with President Vladimir Putin in Moscow. This meeting has raised fears about a potential arms agreement between the two nations, which has been the topic of much discussion for some time.

dollar hovered above a three-month low to the euro on Thursday as attention turned to the European Central Bank's rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause next week. The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S.

Biden late on Wednesday brushed off the House Republicans' impeachment inquiry, saying the way he sees it, they launched the investigation against him because they want to shut down the federal government. Biden, speaking at a Democratic fundraiser in Virginia, said that instead of being concerned about the probe, «I'm focused on the things the American people want me focused on». The president's remarks were the first since Speaker Kevin McCarthy announced the launch of a Biden impeachment inquiry while the Republican House leader is also struggling to shore up votes to fund the government and prevent a federal shutdown. «The best I can tell is they want to impeach me because they want to shut down the government,» Biden said. He also made a reference to Rep.

Stocks that were in focus included names like NIIT, which rose 20%, PNB, which gained 8.5%, and Aarti Drugs, whose shares jumped 3% on Wednesday. Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.NIIT — BuyThe stock broke out of an ascending channel pattern and we have seen a stupendous move of 70% in the current week. On weekly charts we may see some pullback in price but a fresh high on the relative strength chart in comparison to nifty-50 and 14 period RSI depicting new highs for the stock in coming days. Hence we reckon buy rating for targets of 145 and 150 with stop below 130.PNB — BuyAfter breaking out of the symmetrical triangle pattern on the daily chart. Stock formed a darvas box and we have seen clean breakout from the same with higher than average volumes. New high on the relative strength chart in comparison to nifty-50 and 14 period RSI compliments the price action.

chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. Arm, whose semiconductor design is integrated into the vast majority of smartphones worldwide, has priced its shares at $51, the firm announced Wednesday, ahead of the largest IPO New York has seen for almost two years. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the «ARM» ticker. At $51 per share, Arm's IPO valuation is at the top end of its target range, underscoring the enthusiasm among investors amid an explosion of interest in artificial intelligence. Traders are looking at Arm's IPO as a barometer for other tech IPOs, which have stalled in recent years as the Covid-19 pandemic, the war in Ukraine and higher interest rates lowered the appetite for riskier investments. If Arm's IPO does well, other companies may consider going public to raise funds, fueling fresh deal-making in the months ahead. A number of tech giants including Apple, Google and Nvidia said recently they would be interested in purchasing Arm shares at the share price it has listed. The listing of around 10 percent of the company is expected to raise roughly $5 billion for its owner, SoftBank. SoftBank, which has had mixed success with its investments in recent years, will retain ownership over the remaining 90 percent or so of the company's shares. Among its most high-profile recent failures was the dramatic collapse of the coworking company WeWork amid concerns over corporate governance. Once valued at $47 billion, WeWork is now

Day trading guide for today: Despite weak global cues, Dalal Street ended higher on Wednesday. NSE Nifty finished above 20,000 levels for the first time ever, logging intraday gain of 76 points. Nifty closed at 20,070 levels whereas BSE Sensex surged 245 points and ended at 67,466 mark.

Buy or sell stocks for today: Despite weak global market sentiments, key benchmark indices of the Indian stock market ended higher on Wednesday. NSE Nifty ended above 20,000 for the first time ever at 20,070 levels, logging an intraday gain of 76 points.

Deloitte is planning to cut more than 800 jobs in the United Kingdom, a source told Reuters on Wednesday. The company is proposing some targeted restructuring that would result in the reduction of 3% of its workforce of 27,000 in the UK, a person familiar with the matter told Reuters. The move comes as Deloitte, one of the «Big Four» accounting firms, plans to focus on cost-cutting due to the slowdown in the second half of the current financial year as clients are being more cautious in their spending, the person said. A number of businesses have reduced their workforce in recent times anticipating a likely economic slowdown later in the year. In April, the Financial Times reported that Deloitte would slash around 1,200 jobs or 1.5% of its U.S. workforce.

Home-grown renewable energy investor Lighthouse Infrastructure is preparing to raise more than $400 million for its energy transition strategy, scouring the country for more solar and wind power assets.

NEW DELHI : Electric vehicle maker Tesla is looking to source components worth around $1.9 billion from India this year, commerce and industry minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and help the sector grow. “Tesla already last year bought $1 billion of components from I think all of you sitting here," he told members of the Automotive Component Manufacturers Association of India (ACMA).

Liontown Resources boss Tony Ottaviano says the company is about nine months away from having its flagship lithium mine built and in production despite Gina Rinehart fuelling concerns about the project.

Indian commerce minister, Piyush Goyal revealed Wednesday that the country is in the process of drafting a new policy aimed at enticing electric vehicle (EV) manufacturers and fostering increased investment in the industry.

IT hardware Production Linked Incentive (PLI) scheme, a senior government official told ET. Last month 40 proposals worth ₹5,000 crore were received by the ministry of electronics and IT under the IT Hardware PLI 2.0 scheme. All are unlikely to get a green light since the Government has a fixed budget for incentives. «Earlier, we kept an investment target of ₹2,430 crore in the scheme.

Netflix Inc (NASDAQ:NFLX) is pleased with its rollout of paid sharing, said CFO Spence Neumann, speaking at the BofA 2023 Media, Communications & Entertainment Conference on Wednesday.

By Howard Schneider

Deloitte plans to layoff more than 800 positions in the UK, equivalent to about 3% of its workforce of 27,000 in the country, in response to a slowdown in demand and an easing in the pace of workers choosing to leave, Bloomberg reported citing source. Accountants at the Big Four firms -- which also include Ernst & Young LLP, PricewaterhouseCoopers LLP and KPMG LLP -- are clinging to their jobs amid economic uncertainty and a sharp drop in open roles, the report said “Today we announced some targeted restructuring across our businesses, which may put some roles at risk of redundancy," Bloomberg quoted Deloitte CEO Richard Houston.

Talks between the United Auto Workers union and the Detroit automakers are facing a looming deadline with the labor agreements at General Motors, Ford Motor and Jeep-maker Stellantis set to expire at 11:59 p.m. ET Thursday. If a deal hasn’t been reached, UAW President Shawn Fain has made clear he is ready to strike with plans to target specific U.S.

Americans can now get an updated COVID-19 vaccine

Leaders of the United Auto Workers union are considering targeted strikes at a small number of factories run by each of Detroit’s three automakers if they can’t reach contract agreements by a Thursday night deadline

The British economy shrank by 0.5% in July after a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather