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Home > Stock Market Updates > Market Savera - 24/05/2024
Podcast: Stock Market Updates
Episode:

Market Savera - 24/05/2024
Category: Business
Duration: 00:02:44
Publish Date: 2024-05-24 04:04:21
Description: U.S. stocks finished lower Thursday, with the Dow sliding about 600 points on renewed concerns about the US Fed's next move on interest rates. Stocks retreated as data showing US business activity accelerated amid a pickup in inflation strengthened bets the Federal Reserve will remain on hold. As bond yields rose, the stock market's most interest-rate sensitive segments fell, with the S&P 500's real-estate sector ending almost 2.2% lower, Boeing Co. shares also dropped about 7.6%, creating a major drag on the blue-chip index. Asian stocks tracked Wall Street lower following activity data that signaled the Federal Reserve may keep rates on hold for most of this year. Astral Limited Launches New Paint Line as Astral Paints Tech Mahindra, Fuji TV ink pact to produce content globally L&T Technology Services announces Establishment of Simulation Centre of Excellence for Airbus Nifty ended at record high level on May 23 after the RBI announced a mega dividend to the Govt the previous evening. At close, Nifty was up 1.64% or 369.9 points at 22967.7. Nifty rose the most in percentage terms in almost 6 months on May 23. It could now head towards 23175 on the upside while 22794 could offer support on corrections in the near term. Indian markets could open flat to mildly lower, in line with mostly negative Asian markets today and lower US markets on May 23
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