US stock market

JPMorgan Chase CEO Jamie Dimon says the U.S. economy could be in for a hard landing

Gelonghui, May 23 | Snowflake (SNOW.US) U.S. stocks rose 4.6% before the market opened, at $170.87

More than a year after suspending the beyond-top-30 incentives, the capital market regulator SEBI has shelved the decision to revive it, as the industry could not device effective checks and balances to prevent its misuse. Last February, SEBI directed mutual fund companies to keep the small-town linked sop of additional expense ratio in abeyance, citing a lack of a system-driven mechanism to check the abuse of the incentive structure. To promote financial inclusion through increased penetration of mutual funds and in investors interest, SEBI had permitted fund houses an additional expense ratio of 30 basis points on new inflows (up to Rs 2 lakh) from retail investors for encouraging mutual funds garnering funds from B-30 cities and energising the distribution network. Despite discontinuation of the incentive, the inflow from the smaller cities has been very strong due to outreach of the mutual fund industry amid intense competition and hence SEBI is not very keen on re-looking at reviving this sop, said an executive of a leading fund house. Read: Now, hinterland driving AUM rise in MFs Nirav Karkera, Head of…

British inflation slowed less than expected last month, fueling questions about the timing of the Bank of England starting to cut interest rates

Gelonghui May 22 | NetEase-S (9999.HK) fell nearly 4% to HK$152.3, the second consecutive day of decline

Gelonghui, May 22 | U.S. electric truck manufacturer Nikola (NKLA.US) U.S. stocks rose nearly 4% before the market opened, at $0.559

India’s equity benchmarks BSE Sensex and NSE Nifty will likely open marginally higher on Wednesday, tracking gains in global equities, with investors focused on minutes of the Federal Reserve’s latest policy meeting for clues on rate cuts.

The NSE Nifty rose by 0.16% (36.20 points) to 22,565.25, while the BSE Sensex increased by 0.17% (128.61 points) to 74,081 at 3:01 p.m. A total of 3,835 stocks were actively traded, 1,799 advanced, while 1,893 declined and 143 stocks remained unchanged where 227 stocks hit a 52 week high and 25 stocks hit a 52 week low at 12.50 pm on the BSE.

A boom in tiny initial public offerings in India may soon be followed by larger deals, broadening options for global investors looking to join the nation’s equities frenzy.

Aided by exports and machining of windmill castings, Wheels India reported a 64.3 per cent growth in net profit for the fourth quarter of 2023-24. The company’s PAT increased to ₹36.8 crore. The company’s Board has recommended a dividend of ₹7.39 per share.