US stock news

Hyundai Motor Co., South Korea\’s largest automaker, said on Monday that its global sales in May increased 1.9% year-on-year to 356,223 vehicles thanks to stable overseas sales.

Rakuten Bank Ltd. expects the Bank of Japan to raise interest rates again later this year, a move that could boost the Japanese online finance company\’s profits.

Ahead of the June 4 general election results, Foreign Portfolio Investors (FPIs) have aggressively sold ₹25,586 crore in Indian equities in May 2024, data with depositories showed.

Adani Group stocks rallied on Monday’s early trade after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls.

Shyam Metalics and Energy Limited (SMEL), expanded its rail infrastructure at its integrated steel plant in Pandloi, near Rengali, Sambalpur district, Odisha. This initiative, is part of the company’s long-term strategy for sustainable growth and efficient operations.

Foreign Portfolio Investors (FPIs), have shifted from heavy selling to increased buying of Indian equities, anticipating a clear BJP/NDA win in the general elections, analysts said.

Foreign investors have pulled out a massive ₹22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections, and outperformance of Chinese markets.

Waller, a popular figure in the Federal Reserve, said that the CPI data in April was gratifying, but if the labor market did not weaken significantly, it would take another three to five months of better inflation data before considering an interest rate cut at the end of the year.

Gelonghui, May 24 | Barclays analysts Erick Martinez and Sheryl Dong pointed out in a report that Barclays\’ rebalancing model shows that the U.S. dollar will see a broad and strong sell-off against all major currencies at the end of the month.

Benchmark indices closed at record highs on Thursday amid short covering by overseas investors, buying in banking, oil and auto shares, and a record dividend payout by the RBI to the government.