Thu, Apr 18, 2024 9:38 AM
HDFC Life gets 'buy' upgrade from Citi; sees 19% upside potential
A Flip by Avya Verma
Registration of properties in the Mumbai municipal area rose 11 per cent in April to 11,621 units mainly on strong housing demand, according to Knight Frank. In April 2023, the registration of properties in Mumbai stood at 10,514 units. In March 2024, the registration of properties stood at 14,145 units.
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Wall Street's main indexes fell on Tuesday with caution prevailing ahead of the Fed's interest-rate decision and as stronger-than-expected labour costs hinted at persistent inflation. US labour costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024.
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Stocks in Asia dropped after renewed concerns about higher-for-longer US interest rates fueled a selloff on Wall Street, with all eyes on the Federal Reserve’s policy decision due later Wednesday. Japan’s Nikkei 225 index slid after recording its worst month since December 2022. Australian shares also declined, with many markets in the region closed for a public holiday.
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