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Home > Stock Market Updates > Market Savera 07/08/2024
Podcast: Stock Market Updates
Episode:

Market Savera 07/08/2024
Category: Business
Duration: 00:01:58
Publish Date: 2024-08-07 03:14:49
Description:

U.S. stocks finished higher on Tuesday, clawing back some losses from their worst day in nearly two years, as investors took a pause from concerns that the U.S. economy could be heading toward a recession.

Major U.S. equities indexes rebounded on Tuesday following three turbulent days of trading that saw heightened levels of economic uncertainty send stocks tumbling. Yields on U.S. government debt rose on Tuesday by the most in at least a month as risk-off sentiment in financial markets faded.

Suzlon to acquire 76% stake in Renom Energy Services for Rs 660 crore

Religare Enterprises sends Burmans' open offer plea to Sebi, RBI

True North’s arm Threpsi sells 2.6% stake in Zydus Wellness for Rs 374 crore


Later today, traders in Asia will assess July trade data out of China, with economists expecting exports to grow 9.7% year-over-year compared to June’s 8.6% rise. Imports are expected to grow 3.5% over the same period, a reversal from June’s 2.3% fall.

Asian share markets were up on Wednesday after Wall Street bounced and concerns about a U.S. recession were reassessed.


Nifty erased all its morning gains in the second half of Aug 06 to record its lowest closing in a month and a third consecutive session of fall. At close, Nifty was down 0.26% or 63.1 points at 23992.6. Nifty gave up early gains on Aug 06 to end in the negative. Nifty has support at 23894, while 24383 could offer resistance on the upside in the near term.


Indian markets could open higher, in line with higher Asian markets today and positive US markets on Aug 06
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