Author: businessinvestopedia.com

Foreign investors, who rebounded strongly following the general election results, pumped Rs 12,170 crore into Indian equities through June, mainly driven by expectations of continuing policy reforms and sustained economic growth. This followed a net loss of Rs 25,586 crore in May due to election jitters, and over Rs 870 billion in April due to concerns over amendments to India’s tax treaty with Mauritius and a sustained rise in US Treasury yields. With this investment, total outflows so far in 2024 (till June 21) have reached Rs 11,194 crore, according to vault data. Sunil Damania, chief investment officer at Mojo…

The market remained stable throughout last week. The week was shortened as Monday, June 17, was a holiday due to Bakri Eid. In the last five sessions, the market remained within the upper limits throughout the day. There was virtually no intraday trend even as Nifty continued to make new highs. Volatility also remained relatively unchanged compared to last week. India VIX increased by just 2.79% on a weekly basis to 13.18. Nifty’s weekly trading range also remained quite limited. The index fluctuated within a range of just 268.90 points before registering a weekly gain of just 35.50 points (+0.15%).Next…

Igor Golovniov | LightRocket | Getty ImagesCompany: Autodesk (ADSK)work: Autodesk is involved in three-dimensional (3D) design, engineering, and entertainment technology solutions. The company’s products focus on the areas of architecture, engineering and construction, AutoCAD and AutoCAD LT, manufacturing, and media and entertainment. Products include AutoCAD Civil 3D, Building Connected, Autodesk Build, Revit, computer-aided manufacturing solutions, Fusion 360, ShotGrid, and 3ds Max. Autodesk’s product development and manufacturing software provides comprehensive digital design, engineering, manufacturing, and production solutions to manufacturers in the automotive, transportation, industrial machinery, consumer products, and building products industries. The company also offers Wonder Studio, a cloud-based 3D animation…

Though Nifty ended weakly up 0.4 per cent, the abbreviated trading week was packed with notable deals with over 30 companies across large, mid and small cap segments witnessing massive transactions on screen totalling Rs 40,543 crore, including both buys and sells. In the largecap segment, 15 companies witnessed significant block trades amounting to Rs 6,566 crore. Axis Bank led the way with a total block trade amount of Rs 2,089 crore. It was followed by ICICI Lombard General Insurance (Rs 814 crore), ICICI Bank (Rs 809 crore), Mahindra & Mahindra (Rs 493 crore), Maruti Suzuki (Rs 426 crore), Bharti…

Eli Lilly The company said Friday it has filed for U.S. approval of its weight-loss drug Zepbound to treat the most common sleep-related breathing disorder and expects regulators to make a decision as early as the end of the year.If approved by the Food and Drug Administration, the company plans to launch Zepbound, a treatment for so-called obstructive sleep apnea, “as soon as possible,” in early 2025, Patrick Johnson, president of Eli Lilly’s diabetes and obesity unit, said in an interview.The company also announced additional data Friday from two late-stage clinical trials showing that Zepbound was effective in improving symptoms…

Municipal bonds are gaining popularity among investors seeking tax-exempt income, but investors should be cautious about making investment decisions solely on the basis of tax savings. This week, Wells Fargo Investment Institute highlighted the appeal of municipal bonds as the Federal Reserve prepares to cut interest rates. When yields fall, bond prices rise, and when interest rates fall, municipal bond prices rise. “We view municipal bonds favorably, both mandatory revenue and general obligation, as they have historically performed reliably during times of economic uncertainty,” Wells Fargo said in a report this week. “For investors with high effective tax rates, we…

Stocks are expected to finish the first half of 2024 strong, with just one more inflation hurdle for investors to overcome in the next week: the May consumer spending report. Stocks have defied all expectations midway through the year. Many investors expected limited stock gains going into 2024, but artificial intelligence-driven gains and signs of easing inflation have propelled stocks to new highs. Nvidia, which has surged more than 150% this year, briefly surpassed Microsoft this week to become the world’s most valuable publicly traded company. On Friday, the S&P 500 was hovering near its all-time high after briefly topping…

Nvidia’s reign as the world’s largest company did not last long.The semiconductor giant’s shares have slumped in consecutive days, down more than 7% after rising earlier this week to bring its market capitalization to $3.3 trillion, just ahead of Microsoft and Apple. Traders said there was no fundamental reason behind the two-day sell-off, but at the very least it highlighted the stock’s ferocious rise — nearly 200% in the past year alone — and how that rally makes it vulnerable to a sudden drop like this one.BloombergOf course, given that the three biggest mega-caps have been vying for the top…

Germany’s financial supervisory authority, BaFin, said on Thursday it had fined a Citi subsidiary about 13 million euros ($13.9 million) for failing to control its algorithmic trading operations. These failures If a flash crash occurs in European stock markets in 2022,he The Federal Financial Supervisory Authority revealed this. The German Securities Exchange Commission (BaFin) said Citigroup Global Markets Europe did not have adequate systems and risk control measures to ensure that its trading systems complied with appropriate trading standards and limits, and alleged that Citi had violated German securities trading law. “The investment firm also failed to prevent the transmission…

Existing home sales remain at a 30-year low and were quiet in May as prices hit record highs and mortgage rates remained high.Existing home sales in May were roughly flat at a seasonally adjusted annualized rate of 4.11 million, down 0.7% from April, according to the National Association of Realtors. Sales were down 2.8% from May of last year.The number of sales is based on deals that likely closed in March and April, with the pace of sales slowing due to a big increase in interest rates in April.According to Mortgage News Daily, the average interest rate on the popular…