Start the day with business and world news. Pikashow News gives you important news related to markets and companies every morning, which will keep you updated throughout the day.
Global Market
US markets were hit by a surge in bond yields and heavy selling in tech stocks. The Nasdaq fell to a five-month low, losing 325 points, while the Dow lost a hundred points. GIFTnifty has fallen 85 points to 19050. Dow futures lost 65 points, while the Nikkei fell nearly 575 points.
Dollar Index
The 10-year US bond yield has again jumped 15 basis points to near 5% after three days of softening. The dollar index is also strong around 106.50.
Commodity Report
After three days of decline, crude oil has again jumped two and a half percent to above $90. Gold rose slightly in 1990, but is now at $23. Sugar prices rose in the international market for the third day. Raw sugar price has hit a new high in 12 years.
Q2 Results
Axis Bank showed excellent results. Indus Towers’ performance was weaker than expected; Jubilant Foods’ results were in line with expectations. Today the results of Asian Paints came on Nifty. The performance of eight futures market companies including PNB, Canara Bank, Voda-Idea, ACC, Shriram Finance, Colgate, Coromandel, and Dixon will also be monitored.
IPO Update
Today there will be an energy list by IRM. The issue price is Rs 505. Blue Jet Healthcare’s IPO is 69 percent filled on the first day. The price band was Rs 329 to Rs 346.
SEBI’s Action
SEBI has banned financial influencer Baap of Chart from working in the stock market. An order has been given to return Rs 17 crore recovered by running illegal courses within fifteen days.
