Latest Stock Market News

The proximate cause: SPY charges a comparatively beefy 10 basis points versus just 3 for its younger clone known as the $15 billion SPDR Portfolio S&P 500 exchange-traded fund (SPLG).A similar dynamic has also hit big-name ETFs investing in everything from Big Tech stocks and high-yield credit

Flashbots is already the dominant way for miners to collect fees from traders by letting their transactions front-run and otherwise step around others. Other participants are considering becoming builders because of concern about Flashbots or similar entities having too much control.

“I still firmly believe that a lot of pent up demand exists in the economy and amongst consumers and businesses and as a result, the second half probably should be very strong or resilient in terms of growth. Now when you tie this into the market and given the fact that markets tend to discount 12 months forward earnings, Indian market at Nifty level will do something close to Rs 1,000 of EPS in FY24. ”

The Fed in its policy statement mentioned that it would not flinch in its battle against the most intense breakout of inflation in the US since the 1980s even if that means a "sustained period" of economic weakness and a slowing jobs market.

“For India, FPI movement has been similar to that of other major EMs like China, Korea, Taiwan, etc. A stabilized inflation scenario compared to other countries, sustainable growth in earnings from Indian companies have also helped in a big way,” Jisang Yoo, CEO, Mirae Asset Capital Markets, told ETMarkets.

While Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance were the laggards from the top-10 pack, HDFC Bank, Infosys, Hindustan Unilever, HDFC and Life Insurance Corporation of India (LIC) were the gainers.

"The fear index, India VIX has remained below 20 during the last week suggesting an overall positive sentiment. On the higher end, 18000-18100 is likely to act as a very crucial resistance. On the lower end though, 17700 may remain crucial support. A fall below 17700 may trigger a sell-off in the Indian equity."

Some investors and analysts have nonetheless said Berkshire could eventually buy Occidental, diversifying an energy portfolio that includes several utilities, electricity distributors, and renewable power projects including wind.

The company will consider raising funds via rights issue, reported CNBC. API Holdings rights issue will have Compulsory Convertible Preference Shares (CCPS). The right issue will open in the first week of September this year.

From a technical perspective, the most important of the four previous sessions was that on Friday as both Nifty and Nifty Bank Index were steeply overbought on the daily time frame. Apart from this, they also appeared structurally over-extended on the charts.