Latest Stock Market News

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The Dow Jones Industrial Average ended a five-day losing streak, while the Nasdaq Composite Index and S&P 500 closed at their highest levels since August 2022, with the S&P 500 above 4,200 points.

"After consolidating for the last few days, Nifty has managed to surpass the resistance of 18450 zones. We expect this momentum to continue and Nifty to touch its previous lifetime high in the coming weeks. The index is now just 380 points or 2% away from its lifetime high. With the result season nearing its end, the focus will now shift to macro data, US debt negotiations and upcoming central bank policy meetings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Additionally, DSP offers a specialized helpline for women to address their concerns and provide support. Society has responded positively, largely due to the increased visibility in the media, which aligns with our initial objectives.

Digitization and hyper-personalization were other important changes fostered by the pandemic, and many investors are now keen on customised digital wealth management services, necessitating a shift in how the sector approaches and maintains its customer relationships.

Bitcoin has seen a decline of 9% in its month-to-date performance. Currently, BTC faces a resistance level at US$26,471. If the price manages to close near this level, it could potentially pave the way for further upward movement towards the US$26,600 and US$27,000 levels.

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The current snowballing of the artificial intelligence (AI) craze is propping up markets like the S&P 500 and Nasdaq 100, as investors pile into the seven largest tech stocks. The big seven - Nvidia, Microsoft, Alphabet, Facebook, Apple, Amazon, and Tesla - added $454bn in value over five days, allowing them to outperform other indexes. However, these valuations are beginning to look stretched with a 35 P/E multiple, 80% above the market. Despite this, experts suggest that the AI boom could last beyond Nvidia and lead to more opportunities, giving defensive havens to troubled investors.

The shareholders’ resolution will come up for voting at Meta’s annual shareholder and board meeting scheduled for Tuesday, May 31.

Higher costs for new deposits may hit bank margins

Updated at : 2023-05-27 09:20:01

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Term deposit rates have gone up by about 200 basis points in the last few months as banks have had to catch up with the stronger credit growth. One basis point is 0.01 percentage point.

M&M reports record profit for FY23

Updated at : 2023-05-27 09:20:01

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The company also outlined a new strategy for the coming five years with a focus on capitalizing on its market leadership in segments like SUVs, tractors and pickup trucks while scaling its growth-phase businesses five-fold during this period.

Krishca Strapping Solutions lists at 120% premium

Updated at : 2023-05-27 09:20:01

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Krishca Strapping, a manufacturers of high-tensile steel straps, seals, and tools, raised around ₹18 crore through the IPO, which was subscribed 244.92 times.

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