Stocks

The stock-market rout just drove the S&P 500, Dow below a key level

After weeks of virtual dormancy, a bona fide stock-market selloff took hold on Wall Street. Both the S&P 500 index SPX, -2.45%  and the Dow Jones Industrial AverageDJIA, -2.13% plunged below their 50-day moving averages, precipitated by a rout in equities and government bonds, like the 10-year Treasury noteTMUBMUSD10Y, +0.00% on intensifying fears that the Federal Reserve could finally pull ... Read More »

Surprise Fed speech throws markets for a loop

Those figuring that the Fed still might hike rates in September are getting one more bite at the apple. As the week drew to a close and the Fed’s “quiet period” before meetings was about to settle in, investors recoiled over news that the central bank’s most dovish official, Governor Lael Brainard, will be delivering a previously unannounced speech Monday ... Read More »

BSE IPO: Issue size estimated at Rs. 1,200 to Rs. 1300 crore; Asia’s oldest stock exchange files documents with Sebi

The Bombay Stock Exchange (BSE) on Friday filed documents with capital markets regulator Securities and Exchange Board of India (Sebi) for its upcoming initial public offering (IPO). Shareholders of the BSE will be partially selling their stake via the offer for sale (OFS) route for a sum in the range of Rs. 1,200 to Rs. 1,300 crore. The 141-year-old stock ... Read More »

European stocks rocked by return of volatility after summer lull

* STOXX 600 drops 1.1 pct * Biggest one-day fall since August * Central banks seen as less dovish than previously * Retail stocks led lower by Inchcape * French company Rubis touches record high LONDON, Sept 9 European stocks fell sharply on Friday, dropping suddenly in afternoon trade following a sell-off on Wall Street as investors reacted to less ... Read More »

Wall St. tumbles on Fed rate talk, North Korea nuclear test

U.S. stocks dropped on Friday, giving the S&P 500 its worst day since June, as investors grew nervous following a nuclear test by North Korea and comments by Federal Reserve officials that hinted at a U.S. interest rate hike. Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., ... Read More »

Sensex gains 150 points; Nifty above 7,750-mark; ITC top gainer

Snapping three-session long gaining spree the S&P BSE Sensex on Monday added over 150 points points, while the broader CNX Nifty surged above its key 7,750-mark. The benchmark inidices rallied tracking Asian shares which rose after a solid session on Wall Street, while the dollar held near recent highs against major rivals as investors bet that the US Federal Reserve ... Read More »

Asian stocks pare earlier gains, yen soars as risk aversion grows

Asian stocks erased earlier gains and the Japanese yen rallied to a fresh eighteen-month high on Tuesday as investors grew doubtful about global central banks’ ability to boost growth through aggressive policy easing. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat after being up as much as 0.4 percent on the day and is now trading at a ... Read More »

Wall Street recovers as Facebook, M&A cushion BOJ shock

The Nasdaq rose on Tuesday as strong results from Facebook and a flurry of dealmaking helped offset the impact of the Bank of Japan’s surprising decision to hold off from expanding monetary stimulus. The Dow, however, remained lower as IBM and Home Depot fell about 1 percent. Facebook jumped as much as 10.9 percent to a record of $120.79, a ... Read More »

BSE: Top losers and gainers

Markets ended with losses following the expiry of April derivative contracts with the benchmark indices closing at 3-week low tracking a sell off in global stocks after Bank of Japan trimmed GDP growth forecast to 1.2% from 1.5% earlier for 2016-17.  Further, the central bank also failed to enthuse investors by deciding against any fresh market stimulus. The central bank ... Read More »

Sebi to engage with BSE on avenues to increase F&O volume

Markets regulator Sebi plans to engage with leading stock exchange BSE to explore avenues for increasing the F&O (futures and options) trade volume on its platform. Taking note of the low F&O volumes at the BSE, the board of Sebi has suggested the regulator to engage with the exchange to “explore ways for increasing the volume”. The suggestion was made ... Read More »