Week Financial News

Hollywood's writers strike are set to resume next week, studios said on Thursday. The Alliance of Motion Picture and Television Producers, which represents the industry's studios, streaming services and production companies in union negotiations, said in a statement that they had reached out to the Writers Guild of America on Wednesday and the two sides agreed to resume negotiations next week. Leaders are still working out the details, the statement said, and no further specifics were provided. «Every member company of the AMPTP is committed and eager to reach a fair deal, and to working together with the WGA to end the strike,» the statement said. There are no talks yet planned to settle the actors strike. Writers have been on strike for 4 1/2 months over issues including pay, job security and regulating the use of artificial intelligence. A previous attempt to restart talks fell flat.

IT major Wipro has hit a fresh 52-week high in September and the chart patterns suggest that the rally is likely to continue.Short-term traders can look to buy the stock for a target of Rs 495 in 4-6 weeks, suggested experts. The stock rose over 3% in a week, 7% in a month, and more than 11% in the last 3 months.The IT player, which is a part of the S&P BSE Sensex, had witnessed a breakdown in 2022.

The average long-term U.S. mortgage rate edged up this week, pushing up borrowing costs for prospective homebuyers already facing a housing market limited by a dearth of homes for sale and rising prices

FTSE 100 hit its highest in six weeks on Thursday after the European Central Bank signalled an end to its monetary tightening cycle, while industrial metal miners led the gains after a surge in iron ore prices. The exporter-heavy FTSE 100 index rose the most in over 10 months, soaring 2.0%. The midcap index mirrored the moves and was up 1.8%. The European Central Bank raised its key interest rate to a record high of 4% on Thursday but, with the euro zone economy in the doldrums, signalled that the hike, its 10th in a 14-month-long fight against inflation, was likely to be its last. «The focus is now shifting from how high policy rates get to how long they stay there,» said Ann-Katrin Petersen, Senior Investment Strategist at the BlackRock Investment Institute. «We see inflation remaining sufficiently high that the ECB will not cut until well into 2024 amid a tight labour market and subdued productivity.» Boosting sentiment, data from U.S.

Benchmark NSE Nifty closed 33.1 points up at 20103.1 amid buying in frontline bluechip counters. However, stocks such as Vaxtex Cotfab, Penta Gold, Dangee Dums, Brookfield India Rea and Blue Coast Hotel, touched their fresh 52-week lows. Overall, 31 shares ended in the green in Nifty50 index, while 19 closed in the red. In the Nifty 50 index, UPL, Hindalco, ONGC, M&M and Eicher Motors were among top gainers during the day, while Asian Paints, ITC, Coal India Ltd, Britannia and LTIMindtree ended in the red. The BSE Sensex closed 52.01 points up at 67519.0. Traders piled up positions in Aquaculture, Sugar, Telecommunications, Beverages — Alcoholic and Metals — Non Ferrous sectors, while selling was witnessed in Banks, Power, Building Materials, Irrigation & Allied Services and Tobacco sectors during the day.

NMDC share price jumped over 5 per cent to hit its fresh 52-week high of ₹150 on BSE in intraday trade on Thursday after an upward revision in iron ore prices. The stock opened at ₹142.90 against the previous close of ₹142.25 and rose 5.45 per cent to its one-year peak of ₹150. In a BSE filing on Thursday (September 14), the State-owned company, which is also the country's largest iron ore miner, said that the prices of iron ore with effect from September 14, 2023, has been fixed at ₹4,950 per tonne for lump ore and at ₹4,210 per tonne for fines.

Dalmia Bharat Sugar and Dwarikesh Sugar jumped 7% to 13% on Thursday's session following brokerage DAM Capital Advisors Ltd's bullish stance on the sugar companies on the backdrop of rising sugar prices. The brokerage stated in its report said that increased sugar prices and rising ethanol volumes would lead to significant profitability growth for sugar producers.

Stock market today: Despite pressure in mid-cap and small-cap indices, large-cap IT stocks have been in uptrend for last few sessions. TCS share price today had a gap up opening and the IT stock went on to climb to a new 52-week peak of ₹3,597.70 on NSE. Likewise, Wipro share price today opened upside and went on to hit a new 52-week high of ₹443.25 apiece on NSE.

Stock market today: Despite profit booking trigger in small-cap and mid-cap index stocks, PSU bank shares have remained bulls' favourite in Indian stock markets. In early morning deals on Dalal Street four state-owned banks — Bank of India, Bannk of Baroda, Canara Bank and Punjab National Bank shares climbed to a new 52-week.

Investing.com-- Gold prices moved little in Asian trade on Thursday, steadying near three-week lows and remaining under pressure from the dollar as data showed a bigger-than-expected increase in U.S. inflation.

Bombay Dyeing & Manufacturing Company (BMDC) hit 20% upper circuit to scale their 52-week high of Rs 166 on the NSE on Thursday following a nod from the Wadia Group's company's Board to the proposal to sell the land parcel of about 22 acres in Worli, Mumbai to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo for Rs 5,200 crore. This is Mumbai's largest land deal in terms of value. The price action was accompanied with high volumes as over 1 crore shares traded on the NSE around 9:30 am. The whole transaction with Sumitomo will be completed in two phases including the first tranche of Rs 4,675 crore. The balance Rs 525 crore will be received upon completion of certain conditions by BDMC and execution and consummation of the definitive agreements for the second phase. The group has decided to monetise the land parcel to repay the debt that currently stands at Rs 3,969 crore.

Domestic benchmark index NSE Nifty gained 71.2 points to 20141.2, while the BSE Sensex traded 133.19 points up at 67600.18. On the other hand, Bombay Dyeing, Dalmia Bharat, Silver Touch Tech, Avadh Sugar Energy and Mawana Sugars stocks hit their fresh 52-week highs today. In the Nifty 50 index, Hindalco, Tata Steel, Tech Mahindra, UPL and Divis Labs were among the top gainers on the NSE. Tata Consumer, ITC, Bajaj Finance, Asian Paints and Kotak Bank were among the top losers.

₹5,200 crore. Bombay Dyeing share price opened at ₹164.80 apiece on BSE.

Gold prices firmed on Thursday as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week, although bullion was not far from a near three-week lows seen in the previous session.FUNDAMENTALS * Spot gold added 0.3% to $1,912.09 per ounce by 0110 GMT, having hit its lowest level since Aug.

Consumer electronics major Havells India has witnessed some consolidation after hitting a 52-week high earlier this week, but experts are of the view that the dip can be used to accumulate the stock.The stock recorded a 1-year high of Rs 1,466 on 11 September, but failed to hold on to the momentum and corrected in line with the consolidation seen in the benchmark indices.Havells India stock hit a record high of 1503 on 18 October 2021 and has

Here's more proof of how fast legal sports betting is spreading in the U.S. A company that most of the industry uses to verify that its customers are where they say they are reports a record number of transactions over the first weekend of the NFL season

Pennsylvania State Police have confirmed that Danelo Cavalcante, the escaped inmate convicted of a heinous crime, has been captured after an intense two-week manhunt. Here, we provide a timeline of the events leading to his capture.

Nifty PSU Bank index hit a fresh 52-week high on Wednesday, September 13, jumping over 4 per cent to 4,948.55 by the end of the session. PSU bank shares have climbed more than 10 per cent so far in September alone, pushing its sectoral index to multi-year highs. The 12-pack index of public sector undertaking (PSU) bank shares is trading with gains led by Punjab National Bank, rallying as high as 9 per cent today.

Now in their seventh year, the Investment Week Women in Investment Awards continue to have a vital role to play in helping accelerate the pace of change towards a more diverse and inclusive investment industry.  

MotoGP Bharat Grand Prix is all set to take place from September 22 to 24, 2023, at the Buddh International Circuit in Greater Noida, Uttar Pradesh. This three-day motorsports extravaganza promises high-speed action and adrenaline-pumping excitement for racing enthusiasts.

KEC International share price jumped more than 11% on Wednesday to hit a 52-week high after the infrastructure company secured new orders worth ₹1,012 crore across its various businesses. KEC International shares rallied as much as 11.22% to a 52-week high of ₹739.00 apiece on the BSE. KEC International said its civil business has secured orders from new clients in the Data centre and FMCG segments in India.