Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. A 15% dive in shares of Meta in extended trading after the Instagram parent forecast lighter-than-expected current quarter revenue.

The record-breaking rally in Indian equities in recent years has resulted in investors coming into the stock market in hordes. The broadening of the shareholder base in several stocks is a reflection of the appetite for stocks. For instance, five stocks, NHPC, Indian Renewable, IRFC, Yes Bank, and HDFC Bank, collectively added 75 lakh investors during the quarter ending March 2024.

At meetings with officials of RBI, money market participants have flagged issue of dwindling volumes in the interbank call money market and the impact on financial instruments that derive their pricing from that platform. Sources aware of the developments told ET that market players have brought up the issue of declining participation in the call money market, the pricing determinant of the MIBOR.

📌GIFT Nifty (Earlier SGX Nifty) signals a negative start. 📌India VIX fell 0.78% to settle at 10.28 levels. 📌Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook. 📌The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 83.30 against the US dollar on Wednesday. 📌The net short of FIIs increased to Rs 1.24 lakh crore on Wednesday.

Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants. An auction of a record $70 billion worth of five-year U.S. Treasury notes on Wednesday helped to push bond yields higher and had weighed on equities.

Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Brent crude futures dipped 9 cents, or 0.1%, to $86.95 a barrel at 0024 GMT, and U.S. West Texas Intermediate crude futures slipped 7 cents, or 0.1%, to $82.74 a barrel.

Gold prices were stuck in a tight range on Thursday as investors looked to U.S. economic data for further clarity on the Federal Reserve's interest rate path. Spot gold was flat at $2,317.03 per ounce, as of 0118 GMT, trading in a $4 range. Bullion's March to April rally drove it up by nearly $400 to an all-time high of $2,431.29 on April 12.

Cigarette-to-FMCG conglomerate ITC will convene a meeting of the company’s ordinary shareholders on June 6, 2024, to approve the proposed scheme of arrangement involving the demerger of ITC Hotels from ITC Limited into a separate listed subsidiary, the company on Wednesday said in an exchange filing.The meeting will be held at 10:30 am India time through the electronic mode

A U.S. federal judge in Missouri on Tuesday preliminarily approved an antitrust class-action settlement that requires the National Association of Realtors to pay $418 million and implement changes to how Americans buy and sell homes.Why it's Important U.S. District Judge Stephen Bough's settlement order marked a key first step in a months-long process that will culminate.

Patel Engineering Limited is issuing equity shares with a face value of Rs 1 each through a Qualified Institutional Placement (QIP). This issuance is authorized under various regulations including SEBI ICDR, Companies Act 2013, and PAS Rules. The board of directors approved the issuance on February 12, 2024, and shareholders approved it through a special meeting on March 8, 2024.

Tesla shares surged about 10.5% in premarket trading on Wednesday after the electric-car maker eased some worries about slowing growth with a prediction that sales would rise this year and plans to roll out more affordable models in early 2025. Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement

📌NMDC Ltd is witnessing a notable bullish movement today, with the stock price reaching a high of Rs 249.15 before stabilizing at Rs 247.75, 📌SAIL shares suged to a new 52-week high of Rs 165.95, with the stock currently trading at Rs 163.45 after a strong open 📌MRPL is exhibiting strong trading dynamics today, with its share price climbing to Rs 247.85,

Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore. The four others were Sujoy Das, Nitish Sikand, Krishna Cheemalapati and Suresh Jakhotiya.

Investors' wealth surged Rs 8.48 lakh crore in four days of market rally where the BSE benchmark has climbed nearly 2 per cent amid firm global trends. The 30-share BSE Sensex climbed 114.49 points or 0.16 per cent to settle at 73,852.94 on Wednesday. During the day, it jumped 383.16 points or 0.51 per cent to 74,121.61. In the last four days, the BSE benchmark climbed 1,363.95 points.

BENGALURU: Embattled Chinese property developer Country Garden said it has won bondholders' approval to further delay payments on three onshore bonds to September, in order to give it more time to raise funds. The largest Chinese private developer, which has defaulted on its $11 billion offshore bonds and is working on an offshore debt restructuring plan, had in September.