Wall St inches higher, Treasury yields gain as S&P 500 inches closer to record high
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were lifted by semiconductor shares on Wednesday, and the benchmark Treasury yield continued to climb to a more than one-month high amid cooling Key Points
ThePrintManipur calm, curfew relaxed in 11 districts
The Army, meanwhile, continued surveillance of the hinterland and the Indo-Myanmar border. Unmanned aerial vehicles and MI17 and Cheetah helicopters have been deployed for aerial monitoring of activities. Key Points
Economic TimesIndia's manufacturing sector continues with robust performance in Nov on easing price pressures: Survey
New Delhi, Dec 1 (PTI) India’s manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P […] Key Points
ThePrintFederal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic TimesSensex, Nifty gain as Reliance powers D-Street rally; Q3 GDP data in focus
The S&P BSE Sensex was up 236.14 points to 72,541.02 at 10:03 am, while the NSE Nifty50 gained 44.70 points to 22,006.55. In contrast, broader market indices continued to struggle for momentum. Key Points
India Today
Taylor Swift turns 34! Paparazzi wishes her Happy Birthday as she steps out with Blake Lively and friends:
Taylor Swift, who earlier celebrated with friend Selena Gomez, continued her birthday revelry with another close companion, Blake Lively. The duo, accompanied by friends, made a stylish entrance, stepping out of a luxurious sedan with an air of sophistication. Key Points
Economic TimesMorning Bid: Tesla, Netflix underwhelm
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersRupee rises 15 paise to 81.65 against U.S. dollar in early trade
The rupee gained 15 paise to 81.65 against the U.S. dollar in early trade on May 4. Key Points
The HinduAdani Group’s stocks: Fund managers continue to trim holdings
Local managers’ continued caution is at odds with the optimism shown by GQG Partners’ star investor Rajiv Jain, who spent nearly $2 billion to scoop up stakes in four Adani stocks in early March. The move acted as a catalyst for a rebound of more than $30 billion in the group’s market value. Key Points
The HinduDrop in oil prices and US treasury yield good news for India but govt, RBI remain alert to inflation: Finm
The ministry said India can look forward to a longer economic and financial cycle over the medium term than in the past, thanks to the sustained focus on public investment in infrastructure and advances in digital public infrastructure. However, external headwinds could threaten these projections. Key Points
Economic Times
GIFT Nifty up 50 points; here's the trading setup for today's session
The rupee continued its downward trend for the third consecutive session to close 8 paise lower at 83.25 against the US dollar on Thursday, dragged down by massive selling in equity markets and strengthening American currency overseas. Key Points
Economic Times35 hours & counting: Rescue ops on for man stuck in 70-ft-deep pit in Jalandhar
The rescuers are facing trouble as soft earth continued to cave in as they dug deeper to reach Suresh. A pond near the digging site is also posing a challenge, officials said. Key Points
Hindustan TimesIndustry activity remains strong on new export orders
Manufacturing activity continued its strong momentum in July even as a marginally softer rate of expansion in output and new orders brought down the PMI reading for the month to 57.7 from 57.8 in June. Key Points
Economic TimesJPMorgan Q1 financial results announced – Check earnings, revenue
The U.S. economy continues to be on generally healthy footing as consumers are still spending. Key Points
FinancialexpressNuvoco Vistas starts operations at ready-mix concrete plant in Bihar
New Delhi, Feb 22 (PTI) Cement maker Nuvoco Vistas on Thursday said it has commenced operations at a ready-mix concrete plant in Bihar. The plant marks the company’s continued commitment for providing building material to the Patna region, the company said in a statement. “The launch of the Patna-II plant underscores Nuvoco’s dedication to providing […] Key Points
ThePrint
Rolls-Royce extends contract with TVS SCS for five years
India Business News: TVS Supply Chain Solutions (TVS SCS) announced that its contract with Rolls-Royce has been extended for five years until 2029. The partnership extension is for the parts distribution centre (PDC) in Singapore serving the Asia Pacific markets for Rolls-Royce’s power systems business unit. Key Points
Times Of IndiaTime for long-term investors to be contrarian? These bank stocks can give over 18% returns
After a phase of correction, there have been signs of some respite both in private and PSU banking space. In the case of the private sector, except HDFC bank which is still quoting close to its recent lows, others have been able to start their upward journey once again. In the case of PSU banks, in the last two days of volatility movement, they have been the ones which have been able to recover faster indicating continued interest in the space. Now this is again a risker trade but for traders, it is time to keep a watch on private banks as they might see a bounce back when FPI’s turn net buyers. Also this would mean that Bank Nifty which has underperformed may make a strong comeback. Yes, there will be higher volatility in short term, but if induced by volatility if one is taking any sell decision in the private banking space, one should remember that the banks in question have created wealth in the long term and even the best of the wealth creators go through a phase of consolidation due to factors like over ownership and what might appear to be a phase of under performance. Key Points
Economic TimesOil rises nearly 2% on US economic activity, Red Sea tensions
By Nicole Jao NEW YORK (Reuters) - Oil prices rose on Thursday after U.S. economic data showed faster-than-expected growth in the last quarter and as tensions in the Red Sea continued to disrupt Key Points
ThePrintReady for another round of re-rating? 4 mid & smallcap cement stocks with upside potential of up to 30%
For the last nine years on the priority list of the government has been building physical infrastructure like roads, highways, ports and airports. Binding all the infrastructure projects, whether big or small are two commodities, cement and steel. In the cement sector, small and mid sized companies have been able to take advantage of this focus and increased spending by the government and have been able to both clean up their balance sheet and in some cases, they have gone ahead and increased their capacities which would be getting commissioned soon. With continued focus on infrastructure, will these companies be able to see another round of re-rating? Key Points
Economic TimesPolicy support likely to continue: 4 stocks from railways sector with upside scope of up to 30%
Railways was among the last sectors to get re-rated due to the policy focus. But the speed at which the stocks got re-rated was very sharp. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches in the last eighteen months all of them have done extremely well . After they reach a certain level of valuations where they may not be classified as cheap. The question is whether the policy push which may continue in coming years will make their bottomline move up sharply which ensures that not only valuations are taken care of but also there is continued re-rating. Key Points
Economic Times
Helped by continuation of policy push: 5 largecap stocks from different sectors with upside potential of u
There are many sectors which have been able to do well because of policy push by the government. Many may not realize that “Tipper” which is a kind of light commercial vehicle ( LCV) did extremely well due to the fact that it is used in road construction and in the last eight years, that has done extremely well. Similarly a tile company did well because there was a housing boom and auto ancillary which was focussed on EV did well due to push to EV. Now with increased probability of continuation of policy push, some of these sectors and companies are likely to see continued tailwinds. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesFor patient long term investors but with risk appetite: 5 stocks with right peg ratio
It is one of the riskiest spaces not only in markets but in the economy also. The reason, not only headwinds in terms of continued policy change risk, but the business itself is fraught with risks of more competition and uncertainty of any economy. However if one looks at the numbers of multibagger this industry has thrown, that is pretty impressive. The other side of the story is that it has also thrown a number of companies into bankruptcy. So, essentially, if one gets it right then there is money and if one does not then even capital it is at risk. Key Points
Economic TimesTaylor Swift suffers major wardrobe malfunction during Rio concert
The ‘Love Story’ singer suffered a major wardrobe malfunction during her final night of Eras Tour in Rio De Janeiro. Read below to find out what happened. Key Points
Hindustan TimesFitch says US regional bank challenges to persist in 2024
Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with banks focused on commercial loan growth disproportionately disadvantaged. Key Points
ReutersMarico Q2 Net profit up 17% to Rs 353 crore
India Business News: Marico, a parachute maker, reported a 17% increase in net profit in the second quarter. Revenue from operations, however, was down 1%. The company not Key Points
Times Of India
Kerala blasts: Toll rises to 3 as another succumbs to wounds
In the statement issued by the hospital's medical board, the girl was admitted to the hospital on Sunday morning with severe burns covering 95 per cent of her body. Despite receiving ventilator support, her condition continued to deteriorate, leading to her death at 12.40 am, it said. Key Points
Economic TimesJapan's Nomura Q2 net profit doubles on solid domestic businesses
Nomura Holdings (8604.T), Japan's biggest brokerage and investment bank, on Friday reported second-quarter net profit doubled, driven by a surge in equity offerings in a strong domestic stock market. Key Points
ReutersIndian shares tread water as rate worries dent risk appetite
Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion. Key Points
ReutersTop gainers, losers today: Infosys, Asian Paints, SBI, among most active stocks
Sensex and Nifty reach new closing highs for the fifth consecutive session, boosted by global cues and a weakened dollar. Top gainers include Infosys and Asian Paints. Key Points
mintMicrosoft to pay $20 million to resolve FTC kids’ privacy case
Microsoft required anyone using the Xbox Live service to register with a name, email address and age information. But even when the company was aware of users under age 13 it continued to collect and retain data in violation of a US kids’ online privacy law. Key Points
Financialexpress
Markets gain more than 1% helped by easing slowdown concerns
The Sensex ended the day up by 1.16% while Nifty was up 1.08% Key Points
mintStatus quo is not an option for Tata Steel UK: MD, TV Narendran
The Rishi Sunak-led government's earlier proposal barely covered a fifth of the estimated capital cost required at Port Talbot Steelworks, Narendran said. The company's European operations continued to be a drag on its consolidated financials. Edited excerpts: Key Points
Economic TimesAdani Group, Vedanta, JSW Energy, TII, Jindal Stainless, L&T, Britannia Industries stocks in focus
The SGX Nifty hints at a muted start for domestic equity indices. Adani Group, Vedanta, JSW Energy are some of the stocks to watch on Wednesday. Key Points
FinancialexpressMini Mathur opens up about turning her ‘fight mode on to have the fittest body’
"Trust me...If you feel and look unfit (and this isn’t about being thin...I’m talking about strength here), you find yourself thinking like a loser too," Mini Mathur wrote Key Points
The Indian Express