Latest Stock Market News

Estimates for third-quarter earnings have come down in recent weeks. Analyst now expect year-over-year earnings for S&P 500 companies to have risen 4.1% in the quarter, compared with an increase of 11.1% expected at the beginning of July, according to IBES data from Refinitiv.

The U.S central bank is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain "data-dependent" as the central bank monitors the economy and the evolution of domestic and global risks.

Banks will have to treat such credit facilities unrated and assign applicable risk weights, the Reserve Bank of India said. To put it simply, if a borrower avails credit facilities from three banks -- A, B and C and the external rating firm does not make such disclosure, none of the banks can reckon the said rating, and therefore has to follow higher risk weights norms -- 100% or 150% as applicable.

Shares of PG Electroplast ended over 4% higher at Rs 1075.1 on Monday.

She also advised investors not to invest on the basis of market rumours and should deal only with Sebi-registered intermediaries.

BSE was the first stock exchange to get approval from Sebi and launched its SME platform on 13 March 2012 after the market regulator came out with detailed guidelines on 18 May 2010 for SME exchanges/platforms launch.

On a YTD basis, shares of Infosys have lagged behind Nifty50. The stock has fallen over 15 per cent, whereas the Nifty50 has lost just 3 per cent.

The Reserve Bank of India (RBI) is estimated to have sold about $1 billion on a day the US financial markets are shut. The RBI could not be immediately contacted for comments.

"In the last two quarters, we have hired 35,000 freshers. In the last six to nine months, we have actually invested in organic talent development of these people coupled with some additions from the market. So bringing all of that talent and making them productive, and whatever is the gap we bring it from the market is what is driving this quarter’s growth and the future growth will also be like that."

In the past, such a “pivot whipsaw” would normally have been due to some off-the-cuff dovish comment by Fed Chair Jerome Powell that suggested a replay of his big U-turn in the middle of the market volatility of the fourth quarter of 2018 — that is, the notion that the long-standing Fed “put” was back in the money.