Day: July 14, 2022

Ahead of Market: 10 things that will decide D-Street action on Friday

NEW DELHI: Indian stocks were under pressure for the fourth consecutive day as investors remained cautious with US inflation inching up further in June and the risk of a sharper rate hike by the Federal Reserve. Nifty opened with minor gains but failed to sustain above 16,000 levels on the back of profit booking. Here’s …

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Crude erases war-driven gains as recession fears hammer markets

Oil dropped to levels not seen since before Russia’s invasion of Ukraine as record US inflation and disappointing earnings from Wall Street intensified fears of a recession. The global crude benchmark fell as much as 5.1% to trade under $95 a barrel, touching its lowest level since late February. Crude has been in decline since …

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Zerodha CEO Nithin Kamath has some advice for fintech startups

Billionaire startup hero Nithin Kamath, whose discount broking firm Zerodha remains bootstrapped and profitable, today said fintech startups focusing on investing shouldn’t spend too much money acquiring customers. “This forces startups to do random things to monetize and generate activity, which in turn deteriorates the product,” he said. Kamath said a bad product would need …

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Dow slumps 600 points as bank woes add to recession jitters

Wall Street stocks slumped early Thursday following another gloomy inflation report and disappointing bank results that amounted to a gloomy kickoff of the second-quarter corporate earnings season. The Dow Jones Industrial Average shed 603 points, or 1.96%, while the S&P 500 dropped 2%. The Nasdaq Composite tumbled 1.96%. Traders got another reality check Thursday, with …

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Global net zero steel initiative launched in India

The international non-profit Climate Group, in partnership with ResponsibleSteel, launched SteelZero in India, a global initiative that brings together leading organisations to speed up the transition to a net zero steel industry. India is the second-largest producer of steel after China. Emissions from India’s steel industry are projected to triple over the next three decades …

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Down over 69% from its 52-week high! ICICI Securities upgrades this stock to ‘Buy’

Shares of Limited have fallen over 69 per cent from its July 2021 highs putting the stock firmly in a bear’s grip. The stock hit a 52-week high of Rs 724.70 on July 13, 2021. ICICI Securities, in its recent report, however, has upgraded the stock to ‘Buy’ from ‘Add’ earlier with a revised target …

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Tech View: Nifty50 forms bearish candle; 20-day SMA likely to act as support

A bearish candle with upper and lower shadow signals a formation of a high wave type candle pattern, which reflects high volatility in the market. “Normally, a formation of such a pattern after a reasonable upside or decline indicates an impending trend reversal,” said Nagaraj Shetti, Technical Research Analyst, Securities. For the day, the index …

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