Market Savera - 16/10/2024

Stock Market Updates

Wall Street's major stock indexes closed lower on Tuesday, with a 1% drop in the technology-heavy Nasdaq leading losses as chip stocks tumbled on demand concerns while the energy sector fell 3% as oil prices dropped. US stocks also got hit as a disappointing outlook from Europe’s most-valuable tech company and concern about tighter US restrictions on chip sales spurred a selloff in the industry

China’s housing minister is planning to hold a press briefing on Thursday, likely providing more details of measures to support the property sector and bolster economic growth.

Cochin Shipyard OFS tomorrow to sell 5% stake at a floor price of Rs 1,540 per share

Indian Oil partners with EverEnviro for joint compressed biogas venture

Ashoka Buildcon received an order worth Rs 1127 crore

Stocks in Asia slipped on Wednesday, tracking a US selloff, as investors weighed if the artificial intelligence rally that’s powered the bull market recently still has room to run.

Nifty ended lower on October 15 reacting to mixed set of corporate results. At close, Nifty was down 0.28% or 70.6 points at 25057.4. Nifty remains choppy even as the 25200 level proves difficult to breach on the upside. Nifty could stay in the 25234-24832 band for the near term.

Indian markets could open lower, in line with mostly lower Asian markets today and negative US markets on Oct 15