Latest Stock Market News

​​The trading firm Wintermute Trading, which offers liquidity for digital assets by buying and selling them in the crypto market, is collaborating with crypto risk manager Chaos Labs to launch a betting market next week that will focus on the outcome of the contest.

Financial firms that levy overdraft fees for ATM and one-time debit card transactions without proof of consent could be in violation of the law, specifically the Electronic Fund Transfer Act, as per the guidance.

Encouraging economic data and expectations of a hefty interest rate cut have largely helped the S&P 500 recover after fears of an imminent recession sent the benchmark index down more than 8.5% over three weeks through Aug.

Indian indices continued their winning streak, ending at record highs. Nifty closed at 25,418.55, up 34.80 points. Analyst Rupak De sees a breakout from the recent range-bound pattern as crucial for determining the next direction. Support is at 25,350, and resistance is at 25,500.

Foreign portfolio investors (FPIs) are back with a bang in the Indian equity market in September on hopes that the US Federal Reserve would start reducing interest rates soon, triggering more fund flows into emerging markets.

Market sentiment is uncertain as the Fed is widely expected to cut rates soon, with a higher probability of a 50 basis points cut than a 25 basis points one. This uncertainty, combined with upcoming elections and key US economic data releases, is likely to cause fluctuations in gold prices.

SBI Mutual Fund on Tuesday increased its stake in building materials company Nuvoco Vistas Corporation by acquiring nearly 3 per cent stake for over Rs 158 crore through an open market transaction.

Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation that may itself put pressure on central bankers to deliver just that.

Kotak suggested that investors adopt a holistic approach to financial services, emphasizing the need for a mindset shift in response to the evolving landscape of household financial assets. This, according to Kotak, is essential for successful financial management in the future.