#MarketsWithMC | US stocks rise on hopes of US-China trade negotiations; Tech counters lead rally
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Moneycontrol
US stocks rise on hopes of US-China trade negotiations; Tech counters lead rally
The rally followed Trumpβs remarks late Tuesday, suggesting a more conciliatory stance toward China. Acknowledging the current 145 percent tariff on Chinese imports as βvery high"
Gold rises after a more conciliatory Trump spurs steep decline
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Moneycontrol
Gold rises after a more conciliatory Trump spurs steep decline
Bullion rose as much as 1.5% in Asian trading, after plunging 2.7% in the previous session.
#MarketsWithMC | Chinese stocks top Indian MFs' overseas buying list in March
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Moneycontrol
Chinese stocks top Indian MFs' overseas buying list in March
Data from Primemfdatabase.com shows that shares of Chinese firms like SenseTime Group Inc., Industrial & Commercial Bank of China, China Construction Bank Corp., and Bank of China saw the maximum buying among all overseas purchases by mutual funds in March.
βοΈSrinagar-Delhi flight fares touched Rs 32,000 amid rush to escape Kashmirπ¨
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Moneycontrol
Pahalgam attack: Srinagar-Delhi flight fares touched Rs 32,000 amid rush to escape Kashmir
This sudden price surge prompted government intervention to curb further escalation and ensure stranded travellers werenβt exploited.
#MarketsWithMC | Nifty Sensex snap 7-day rally amid expiry-driven volatility, FMCG stocks drag markets π¨
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https://www.moneycontrol.com/news/business/markets/nifty-sensex-snap-7-day-rally-amid-expiry-driven-volatility-fmcg-stocks-drag-markets-13003066.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Nifty, Sensex snap 7-day rally amid expiry-driven volatility, FMCG stocks drag markets
After a strong seven-day rally, the Nifty and Sensex pulled back on April 24, weighed down by weak earnings from FMCG majors.
#MarketsWithMC | Lupin bags USFDA nod for Tolvaptan tablet, becomes exclusive first-to-file for the drugπ¨
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Moneycontrol
Lupin bags USFDA nod for Tolvaptan tablet, becomes exclusive first-to-file for the drug
Tolvaptan slows down the deterioration of kidney function in adults who are at risk of rapidly progressing autosomal dominant polycystic kidney disease (ADPKD).
#Business | Sajjan Jindal's JSW Paints, Advent-Indigo submit bids to acquire Dulux-owner Akzo India
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Moneycontrol
Sajjan Jindal's JSW Paints, Advent-Indigo submit bids to acquire Dulux-owner Akzo India: Report
Fevicol-maker Pidilite Industries is also reported to be in the race, though its main target is Akzoβs decorative business
#India | New hotel openings in Jammu and Kashmir will take a hit due to the terror attack in Pahalgam.
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Moneycontrol
Pahalgam attack to derail immediate hotel openings as Brand Kashmir takes a hit
According to hospitality advisory service HVS Anarock data, however, current branded hotel supply in Jammu and Kashmir is around 3,000 keys which by 2029 is expected to increase to over 1,200 keys.
#StartupsWithMC | Kedaara Capital, others negotiate deal to invest over Rs 500 crore in The Sleep Company
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Moneycontrol
Kedaara Capital, others negotiate deal to invest over Rs 500 crore in The Sleep Company
The Sleep Company is being valued at around $400 million, or about Rs 3,400 crore during the current negotiations, one of the persons cited above told Moneycontrol, a significant jump from $200 million in 2023.
#India | Five Indian diplomats stationed in Pakistan flown back to Delhi on April 23 π¨
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Moneycontrol
Five Indian diplomats stationed in Pakistan flown back to Delhi on April 23
Saad Warraich, Pakistanβs chargΓ© dβaffaires in New Delhi, was also flown back to Pakistan on April 23.
#TechnWithMC | More with less: How AI startups are scaling rapidly with lean teams, high revenues
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Moneycontrol
More with less: How AI startups are scaling rapidly with lean teams, high revenues
Industry experts believe that with next-gen AI tools, a few people can build software-centric businesses that scale to over $100 million in revenue, on the back of automation and not headcount.
Karnataka governor gives assent to Greater Bengaluru Governance Bill to split BBMP into smaller corporations
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Moneycontrol
Karnataka governor gives assent to Greater Bengaluru Governance Bill to split BBMP into smaller corporations
Earlier, Governor had returned the Greater Bengaluru Governance Bill citing legal and public interest concerns raised by citizen groups and the BJP
ED conduct raids at Gensol premises, detains co-promoter Puneet Jaggi
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Moneycontrol
ED raids Gensol, detains co-promoter Puneet Jaggi
The sources told PTI that Puneet Jaggi was detained by the ED from a Delhi hotel while Anmol Jaggi is stated to be in Dubai.
GIFT Nifty soars 300 points, indicates gap-up start for Indian equities
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Moneycontrol
GIFT Nifty soars 300 points, indicates gap-up start for Indian equities; check key levels here
GIFT Nifty was quoting at 24,529, nearly 300 points above the previous close, indicating a strong opening on April 25.
Gold price steadies amid US-China trade deal hopes
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Moneycontrol
Gold price steadies amid US-China trade deal hopes
Spot gold was steady at $3,348 an ounce as of 0250 GMT. U.S. gold futures gained 0.3% to $3,359.
#MarketsWithMC | Nifty sinks under 24,000, Sensex cracks 900 points while banking stocks, broader markets bleed; bears erase Rs 7.5 lakh crore in value
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https://moneycontrol.com/news/business/markets/nifty-sensex-see-firm-start-to-may-series-as-metals-auto-stocks-lead-rally-13003872.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Nifty sinks under 24,000, Sensex cracks 900 points while banking stocks, broader markets bleed; bears erase Rs 7.5 lakh crore inβ¦
Nifty, Sensex started the May series on weak footing. Going ahead for the series, some key triggers are Q4 results, the FOMC meeting, and global developments.
#MarketsWithMC | Kashmir attack to US tariffs: 7 key market takeaways from Prashant Khemka, Founder, White Oak Capitalπ
https://www.moneycontrol.com/news/business/markets/kashmir-attack-to-us-tariffs-7-key-market-takeaways-from-prashant-khemka-founder-white-oak-capital-13004257.html#google_vignette?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
https://www.moneycontrol.com/news/business/markets/kashmir-attack-to-us-tariffs-7-key-market-takeaways-from-prashant-khemka-founder-white-oak-capital-13004257.html#google_vignette?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
Kashmir attack to US tariffs: 7 key market takeaways from Prashant Khemka, Founder, White Oak Capital
Unless India opts for a full-fledged war or surgical strike, the market impact from the Pahalgam attack is likely to be limited, says Khemka
#MarketsWithMC | Sensex crashes 1,000 pts, Nifty below 24,000π¨
Escalating Indo-Pak tensions among key factors to spook marketsπ
http://moneycontrol.com/news/business/markets/sensex-crashes-1-000-pts-nifty-below-24-000-escalating-indo-pak-tensions-among-key-factors-to-spook-markets-13004044.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Escalating Indo-Pak tensions among key factors to spook marketsπ
http://moneycontrol.com/news/business/markets/sensex-crashes-1-000-pts-nifty-below-24-000-escalating-indo-pak-tensions-among-key-factors-to-spook-markets-13004044.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
Sensex crashes 1,000 pts, Nifty below 24,000: Escalating Indo-Pak tensions among key factors to spook markets
Sensex and Nifty extended losses on Friday to fall over 1 percent, dragged down by broad-based sector losses and geopolitical tensions.
#MarketsWithMC | Nifty Bank extends losses to 3rd straight day, declines up to 1.6% on Axis Bank's Q4 results; Kotak, SBI fall up to 2%
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Moneycontrol
Nifty Bank extends losses to 3rd straight day, declines up to 1.6% on Axis Bank's Q4 results; Kotak, SBI fall up to 2%
Of the 12 constituents of the index, 11 were trading in the red. IndusInd Bank was the sole gainer, up marginally at Rs 821.80 on the NSE.
#BusinessWithMC | Goyal invokes 'karma' in nudge to steel makers to back local suppliers, avoid cheaper imports
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Moneycontrol
Goyal invokes 'karma' in nudge to steel makers to back local suppliers, avoid cheaper imports
Minister Piyush Goyal said that while the domestic steel industry requires protection from dumping of goods from other nations, they too have a duty and obligation to support local supply chain.