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Home > Stock Market Updates > Market Savera - 17/10/2024
Podcast: Stock Market Updates
Episode:

Market Savera - 17/10/2024
Category: Business
Duration: 00:02:44
Publish Date: 2024-10-17 03:43:43
Description:

Major U.S. stock indexes bounced back from a selloff in the prior session to finish higher on Wednesday, buoyed by strong corporate-earnings results from names like Morgan Stanley and United Airlines.


Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years.


Oil futures fell for a fourth straight session of declines on Wednesday, with prices holding ground at their lowest in two weeks as traders focused on an uncertain demand outlook.


China will expand a "white list" of housing projects eligible for financing and increase bank lending for such developments to 4 trillion yuan ($562 billion), Minister of Housing and Urban-Rural Development Ni Hong said on Thursday.


Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech and into economically sensitive shares including smaller companies.


Nifty recorded two–day losing streak on October 16 tracking sell–off across the globe with Nifty closing below 25,000. At close, Nifty was down 0.34% or 86.1 points at 24971.3. A breach of 24908 could take the Nifty to 24832 while 25234 could continue to be a stiff resistance for the near term.

Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract

Godrej Properties secures 3 adjoining plots totalling 6.5 acres in Mumbai

LTTS revenue was in line with estimates and net profit was below expectations in Q2FY25


Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Oct 16
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