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Home > Stock Market Updates > Market Savera - 18/07/2024
Podcast: Stock Market Updates
Episode:

Market Savera - 18/07/2024
Category: Business
Duration: 00:02:11
Publish Date: 2024-07-18 03:35:55
Description: U.S. stocks finished mostly lower on Wednesday as a continued pullback in megacap technology stocks weighed on the S&P 500 and Nasdaq Composite. The Biden administration said it was considering stricter export restrictions to China, while Donald Trump took aim at Taiwan's dominance in the chip-manufacturing industry. Traders now see 100% odds the Fed will lower rates in September. The International Monetary Fund raised India’s growth forecast for FY25 to 7 percent from 6.8 percent projected in April, according to its World Economic Outlook released on July 16. Hindustan Oil Exploration made a gas discovery in Dirok-1 well Zydus Lifesciences inks licensing pact with Takeda to sell GERD drug Zee Entertainment to raise $239 million through 10-year FCCB issue Asian equities fell on Thursday, led by chip stocks as investors fret over the prospect of escalating trade tensions between the U.S. and China. China stocks also slipped as investors awaited policy news from a key leadership gathering in Beijing. Nifty ended at a fresh closing high for a third day in a row on July 16. At close, Nifty was up 0.11% or 26.3 points at 24613. Nifty saw a 74 points intra day high low range on July 16 (the lowest range in many months) and closed higher. Nifty could in the meanwhile stay in the 24461-24661 band for the near term. Indian markets could open flat to mildly lower, despite mostly lower Asian markets today and mixed US markets on July 17
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