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iPhone delays weigh on Apple ahead of holiday season

Updated at : 2022-11-23 21:20:01

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The disruptions forced Apple to provide a rare update only 10 days after the Cupertino, California-based company reported its fiscal fourth quarter earnings at the end of October. It said shipments of the new premium iPhones will be lower than expected because of the lockdowns.

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The Dow Jones Industrial Average fell 6.5 points, or 0.02%, at the open to 34091.57

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The network of companies owned by Asia’s richest person has reportedly reached out to top officials at firms, including Mubadala Investment Co. and Abu Dhabi Investment Authority about investments

During the first half of this fiscal, Singapore emerged as the top investor with USD 10 billion FDI. It was followed by Mauritius (USD 3.32 billion), UAE (USD 2.95 billion), USA (USD 2.6 billion), the Netherlands (USD 1.76 billion), and Japan (USD 1.18 billion), the data showed.

“The momentum oscillators are in the buy zone, which will confirm the strength of the index. The index remains in a buy-on-dip mode as long as the support levels are held,” said Kunal Shah, senior technical analyst at LKP Securities.

The uptrend status of Nifty as per long-term charts like weekly is still intact and present consolidation or minor weakness in the market could be considered as a ‘buy’ on dips opportunity. As long as the support of 18,100-18,000 levels is protected, one may expect consolidation movement to continue. A decisive move above 18,400 levels is likely to open a new all- time high of 18,600+ levels in the near term.

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Shares of crypto exchange Coinbase Global Inc. would need to rally a staggering 782% from their current level in order to reach their average 12-month analyst price target from the beginning of this year. Still, that pales in comparison to Stronghold Digital Mining, Inc. which entered the year with a target of $41.25 and now trades for less than a dollar per share, requiring a 5,492% jump to reach that mark.

T+1 settlement for all F&O stocks from January 2023

Updated at : 2022-11-23 18:20:01

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"To bring in operational efficiency and ease for market participants, it has now been decided that all stocks on which derivatives contracts are available will be transitioned to T+1 settlement in a single batch i.e., in January 2023 instead of two separate batches," said a joint statement by BSE, NSE & MSE.

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Keystone Realtors is a Rustomjee Group company and is one of the prominent real estate developers. It is primarily engaged in the business of real estate construction, development, and other related activities.

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