US stock news

Equity benchmark indices Sensex and Nifty closed marginally lower on Friday as investors booked profit in FMCG, IT and healthcare stocks after the BSE Sensex and Nifty hit fresh lifetime highs in intra-day deals.

Shares of Uno Minda Ltd surged over 10 per cent on Thursday after reporting strong financial performance for Q4-FY24 and fundraising plans.

NVIDIA on Wednesday announced first-quarter results that exceeded analysts\’ expectations, and its stock price exceeded the $1,000 mark for the first time after the market closed.

India’s equity benchmarks BSE Sensex and NSE Nifty are set for a muted open on Thursday, after the Federal Reserve’s latest policy minutes reflected disappointment in recent inflation data, dampening hopes of an early rate cut.

The NSE Nifty was up by 0.35 per cent or 79.90 points at 22,677.70, while the BSE Sensex was at 74,640 up by 0.57 per cent or 419 points at mid-session on Thursday. Of a total of 3,792 stocks that were actively traded, 1,866 advanced, while 1,773 declined and 153 stocks remained unchanged, where 179 stocks hit a 52-week high and 25 stocks hit a 52-week low at 12 pm on the BSE.

Equity benchmark indices ended with gains on Wednesday amid buying in blue-chips Reliance Industries and Infosys amid mixed cues from global markets.

Sirca Paints India Ltd’s shares were up by 3.16 per cent after the company said it had entered into an agreement with New Wembley Products LLP for the acquisition of a business undertaking related to the sale and distribution of products. This acquisition includes the acquisition of technical knowhow, all intellectual property rights, including brand name, trademark, and other intellectual property, customer and vendor relationships, digital assets, books and records, and identified employees of New Wembley Products LLP.

Tesla CEO Elon Musk responded to a post by Rick Rieder, chief investment officer of global fixed income at Blackstone Group, arguing that the Federal Reserve should start cutting interest rates.

Gelonghui, May 21 | US social fitness platform Peloton Interactive (PTON.US) US stocks fell about 3.6% before the market opened, to US$3.77

Bharat Electronics stock surged, to hit a fresh high at ₹283 on the NSE on Tuesday, after the company reported its financial results for the quarter ended March, 2024. The company reported its consolidated net profit for the quarter ended March, 2024 at ₹1,796.67 crore as against ₹1,382.01 crore in the corresponding quarter ended March, 2023.