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Sell-off fizzles ahead of Powell and Biden speeches

Updated at : 2023-02-07 20:20:03

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An ECB survey on Tuesday showed euro zone inflation expectations were still edging up at the end of last year, while Fed Minneapolis President Neel Kashkari was out saying he still thought U.S. rates should rise to at least 5.4% from their current 4.5%-4.75% range

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A company issues bonus shares for their shareholders to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors

Overall, BSE reported a sustained third quarter result amidst a difficult market environment. 2022 was a period of transition for the BSE, and as we embark on a new journey in the new Financial Year, I believe that a balanced business model will enable us to grow much higher," Sundararaman Ramamurthy, MD and CEO of BSE, said.

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We would have to say that the proceedings for the day were along expected lines, with the 82.80 level proving a hindrance for dollar bulls, a trader at a Mumbai-based bank said

Shares of Adani Group companies rallied on Tuesday, a day after it prepaid some loans. >> For more such web stories click on the ET icon below

The fund which has raised $5.2 billion is Goldman Sachs’ inaugural direct private markets fund dedicated to investing in high-growth businesses with strong market positioning, high growth rates and durable business models, the release said

“Looking at the order book can be misleading in defence stocks because one needs to see the milestone payments, how the execution happens, how the commodity prices behave. We are looking more at Solar and HAL in this particular space. In Solar, for example, the defence is still sub-10%, it is more industrial chemicals and that book is nicely shaping up.”

As concerns over higher interest rates for a probably longer time continued to weigh on most global markets, headline equity indices in India ended lower for the second straight session. >> For more such web stories click on the ET icon below

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Bharti Airtel Q3 Profit: A combination of an improved subscriber mix, a rising proportion of data users and higher data usage also boosted India’s second largest telco’s average revenue per user (ARPU), a key performance parameter, by 18.4% on-quarter to Rs 193

As Nifty formed a lower top for the second consecutive day, chart readers said 17,870 – 17,854 could be the trading range for the Nifty in the near term.Options data suggests a broader trading range between 17400-18200 zones, while an immediate trading range between 17600-17900 zones.

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