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Nifty 50 closed higher for a thirteenth consecutive session on Monday, its longest-ever rally, led by gains in IT stocks on hopes of a U.S. rate cut and as shares of consumer goods companies rose on a prediction of good monsoon rains. The benchmark Nifty 50 index ended 0.17% higher at 25,278 points and the BSE S&P Sensex rose 0.24% to settle at 82,559. Both hit all-time highs.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Travel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research.

Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci extension), still there is no indication of any significant reversal pattern building at the highs. A decisive move only above 25,400 could open the next upside target of 25,800 levels. Immediate support is placed at 25,100, said Nagaraj Shetti of HDFC Securities.

What happened to gold and silver last week? What’s the outlook for these commodities this week? And how might the Fed's actions impact gold in the near future? ET Markets discussed these questions with Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Shares and Stock Brokers, in this week's ET Commodity Talk. Excerpts: Gold and silver plunged on Friday amid a rebound in the dollar index and the U.S. bond yields. Can you sum up last week's commodities? Naveen Mathur: Data released Friday showed the Fed's favored inflation measure, the core PCE deflator, came in at 0.2% month-on-month, the year-on-year remained at 2.6% rather than rise to 2.7% as the consensus predicted. A 0.2% MoM reading keeps inflation on the correct run-rate to get annual inflation to 2% by early next year which is the US Feds target This along with robust consumer spending numbers & declining real disposable income indicated a decline in the personal savings rate. Overall it makes the case for only a 25 bps rate cut in September as it made gold pared all its gains last week.

oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday. The October official selling price (OSP) for flagship Arab Light crude is expected to fall between 50 and 70 cents a barrel, three of five refining sources said in a Reuters survey, to track a similar trend for Dubai price spreads last month. Such a price cut would also reflect weak refining margins especially in China where sluggish manufacturing and property sectors are squeezing fuel demand, the sources said.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Nifty's performance in this month over the last 10 years reveal trends which are skewed in favour of the bears. The 50-stock index has managed positive closing on just four occasions with highest gains recorded in 2019. The largely bearish trends have been on the back of selling by Foreign Institutional Investors (FIIs) who have offloaded Indian equities on six out of 10 occasions. Meanwhile, domestic institutional investors (DIIs) have been net sellers, just ones holding their ground.

Data from a Bank of Baroda report shows that the aggregate sales and net profit of 3,000 companies grew at 7.7% and 3.5%, respectively, on a year-on-year (y-o-y) basis. These numbers witnessed a growth rate of 2.3% and 37.1%, respectively, in the corresponding quarter of the previous year. Most of the growth has been contributed by the banking and financial services sector. The sector has benefitted from an uptick in business upcycle and registered a robust performance on all financial metrics. Excluding this, the sales growth of 2,539 companies softened to 5.2%, whereas the net profit registered a decline of 3.1%. “The continued drag on sales growth is alarming as it signals weak domestic demand,” the report states.

homeless, The Daily Star reported. At least 59 people died, and over 53 lakh people in 11 districts were affected by the flood. Many people have been left without homes, and low-income families, especially farmers, have lost not only their houses but also their livelihoods due to the destruction of crops and ponds, as per The Daily Star.

Nifty at new all-time high of 25,236 simply indicates momentum as it steps in uncharted territory. The upward momentum is evident specifically with a directional contribution from Pharma, Tech and Finance. At present, the underperformance in Bank Nifty and other sectors make the current rally very specific in terms of outperformance from sectors like Finance, commodities, Pharma and tech.

₹835 crore at the upper end of its ₹370-389 price band. This would value Style Baazar at ₹2,900 crore, and it also intends to expand its footprint beyond its current geographical concentration in the eastern region. Could Style Baazar be the next fashion force to dominate the national stage? Style Baazar has demonstrated impressive financial growth in recent years.

Prime Minister Narendra Modi said the current decade is a “lift-off ” phase for India in which the country has to move forward with the mantra of reform, perform and transform to take a giant leap toward achieving big goals. He emphasised that the aspiration of all Indians to see the country become a global manufacturing hub, leading to all-round prosperity, will become a reality. Delivering the keynote address at The Economic Times World Leaders Forum on Saturday, the PM said, “The third decade of the 21st century represents a ‘lift-off ’ decade for Bharat. How will this happen? Who will benefit? We are the ones making it happen, and it will benefit everyone—the entire country.” Modi said India is the land of biggest opportunities today and the government is supporting every effort. “We are poised to take a giant leap forward, and to do so, we are working with a long-term vision,” he added.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Tools & Tiaras founder Judaline Cassidy discusses the entrance of women in skill trades and how her camp introduces young girls to them.

Dogecoin (DOGE) price today is $0.1009. Right on the edge of burning back a zero, the cryptocurrency is down -10% on the week and nearly -20% on the month. Looking to scale back on some losses, it looks like some holders are following the Dogecoin Killer token investors trend. Some small crypto shrimp investors from the $DOGE crowd have begun migrating funds into the Bitnance token presale.

big screen to surprising success — from the 2012 hit "Gangs of Wasseypur" full of blood, gore and revenge to the romantic «Laila Majnu» that had a lacklustre run when it was first released in 2018. According to trade experts and exhibitors, this is a good way to fill up the halls and recover money as those who loved watching these movies or missed them at the time of their release seem keen for the big screen experience. «It's beneficial for exhibitors, and whoever holds the right to the film also earns money. For instance, when 'Laila Majnu' and 'Rockstar' were released, they didn't do well but this generation loved these films. »The average occupancy for 'Laila Majnu' was 40 per cent all over India. In some properties in Mumbai, it registered over 80 per cent occupancy," trade analyst Atul Mohan told PTI, adding that he is confident that «Gangs of Wasseypur» will be immensely loved.

Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, which is a decline of 1.7-3% over 361,123 vehicles sold in August 2023. Automakers in India mostly report wholesale dispatches to dealers and not retail sales to customers. Carmakers are hopeful of healthy demand in the upcoming festive season during the Ganesh Chaturthi in Maharashtra starting Sep 7 and Onam in Kerala from Sep 16.

Nifty towards 25,500–26,000 in the short term, says Rupak De, Senior Technical Analyst, LKP Securities. He recommends buying TCS, DLF, and LTIMindtree for the week. Edited excerpts:

will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said. Singhania expects Raymond Lifestyle to be listed this week, the entity which will house apparel-related businesses of the Raymond group, including its apparel brands, garmenting, suiting, shirting, and wedding fabric, along with its retail business — The Raymond Shop and Ethnix. The nearly 100-year-old group has started the demerging process for its fast-growing real estate business. Once the process is complete, it will have three listed verticals — real estate, lifestyle and engineering — remaining with the main listed entity.

Fed is no longer cryptic about its stance on rate action. In its Jackson Hole speech, it clearly signaled its intent to start cutting rates, potentially beginning with the September policy meeting. The bond markets and the US dollar index have reacted accordingly. The US 10-year yield has softened, and the dollar index has sharply dropped to a seven-month low, approaching the 100 level. In light of such a dynamic shift, one would expect a corresponding impact on Indian G-sec yields. Contrary to these expectations, the Indian 10-year yield has remained steady, showing no signs of softening. This reluctance can be attributed to the fact that the RBI will have limited room to adjust its monetary stance, despite the potential leeway from the US Fed's policy shift. The key to understanding this lies in India’s unique inflation dynamics. Let’s explore this further.