SGX Nifty up 50 points; here's what changed for market while you were sleeping
Asian stocks opened with healthy gains Wednesday morning, recovering some of the previous day's plunge fuelled by Nancy Pelosi's visit to Taiwan, though traders remain on edge over the impact on China-US relations. MSCI's index of Asia-Pacific shares outside Japan was up by 0.18 per cent.
#BASF SAYS RISKS COULD ARISE FROM PRODUCTION STOPPAGES AT MAJOR EUROPEAN SITES AS A RESULT OF FURTHER RESTRICTIONS TO EUROPEAN GAS SUPPLIES FROM RUSSIA
19 stocks that India's best performing PMS funds are betting on
Atlas Integrated Finance's midcap fund, which gave a marginally negative return of 0.23 per cent last month, was seen betting heavily on Honeywell Automation, Dixon Technologies, Relaxo Footwears and Whirlpool India. It also chose to invest about 22 per cent of its holdings in a liquid fund.
Ambani vs Adani at 5G auction but no direct market clash yet
On Saturday, Adani group confirmed plans to participate in the July 26 5G spectrum auction but said the airwaves it was seeking was to set up a private network to help digitise its businesses from airports to energy to data centres. This meant no entry into the consumer mobile telephony space, where Ambani's Reliance Jio is the largest player.
Natural gas soars 700%, becoming driving force in the new Cold War
Its the war in Ukraine that catalyzed the gas crisis to a new level, by taking out a crucial chunk of supply. Russia is cutting back on pipeline deliveries to Europe — which says it wants to stop buying from Moscow anyway, if not quite yet. The scramble to fill that gap is turning into a worldwide stampede
15 stocks down 20-50% in June quarter despite over 100% jump in Q4 profit!
The company reported a 166 per cent YoY jump in net profit at Rs 728.77 crore for the quarter compared with Rs 273.84 crore in the corresponding quarter last year. The average target price on this stock has fallen to Rs 245 from Rs 255 recently, which suggests a 150 per cent potential upside on the counter.
European stocks retreat on weaker commodities, inflation fears
Oil & gas stocks tumbled 2.9%, mirroring a more than $6-a-barrel slump in crude prices, amid a push by U.S. President Joe Biden to bring down soaring fuel costs.
In-space propulsion startup Bellatrix seals $8 million funding round
The funding round saw the participation of StartupXseed, Pavestone Capital, Survam Partners, Karsemven Fund, the Mankind Pharma family office, and other prominent family offices and angel investors, said a statement.
Market Movers: Fraud or no fraud? CanFin Homes tanks 6% despite clarification
The company said it classified it as a bad loan despite the accounts being maintained regularly and provided for the full amount of Rs 3.93 crore. This disclosure led to heavy selling in the counter. It eventually ended down about 5 per cent at Rs 520.
European stocks slip as downbeat China data dents risk appetite
The pan-European STOXX 600 index was down 0.8%, as of 0714 GMT, set to snap a three-day session of gains, although trading volumes were likely thinned by a UK bank holiday.