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Hong Kong share market finished session steep lower on Wednesday, 07 December 2022, extending yesterdays losses, as recession rhetoric from major US banks and weaker-than-expected China trade spread negative sentiment among investors. At closing bell, the benchmark Hang Seng Index declined 626.36 points, or 3.22%, to 18,814.82. The Hang Seng China Enterprises Index was down 220 points, or 3.31%, to 6,432.95. The Fed is certain […]

The key equity benchmarks ended near the days low after a volatile session on Wednesday. The Nifty managed to close above above the 18,550 level after hitting the days low of 18,528.40 in the last hour of trade. FMCG and PSU bank stocks advanced while media, consumer durables, realty and auto stocks declined. As per provisional closing data, the barometer index, the S&P BSE Sensex, […]

To 8 December 2022

Mainland China share market finished session lower on Wednesday, 07 December 2022, as risk sentiments weighed down by weaker-than-expected export and import data. However, market losses capped after government announcement on more COVID-19 easing measures. At close of trade, the benchmark Shanghai Composite Index fell 0.4%, or 12.91 points, to 3,199.62. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.15%, or […]

The Reserve Bank of India (RBI) allowed resident entities to hedge their gold price risk. Resident entities in India are currently not permitted to hedge their exposure to gold price risk in overseas markets. With a view to providing greater flexibility to these entities to hedge the price risk of their gold exposures efficiently, it has been decided to permit resident entities to hedge their […]

Jammu and Kashmir Bank (J&K Bank) rose 4.60% to Rs 56.85, extending gains for the fifth trading session.

Quick Wrap: Nifty Media Index declines 1.45%

Bank of Maharashtra rose 1.23% to Rs 28.80 after the bank said it raised Rs 348 crore through allotment of basel III compliant tier II bonds at a coupon rate of 8%.

In the third quarter of 2022, seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2022, GDP had grown by 0.8% in the euro area and by 0.7% in the EU. Compared with the […]

UK housing market continued to slow in November as house prices decreased for a third month in a row and at the steepest rate in over 14 years, suggesting increased market volatility as households reel under the pressures of a cost of living crisis and an economic recession. The house price index dropped 2.3 percent month-on-month, which was the biggest fall since October 2008, survey […]