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Asian stocks were mostly lower on Tuesday, tracking Wall Street declines as political turmoil in Washington and rising coronavirus cases worldwide weighed on sentiment ahead of the start of the quarterly earnings season.
How will the US Federal Reserve rate hike impact overseas portfolios?The overall health of the company is reflected in the price of the share. With the Fed hiking rates, borrowing would become more expensive. Additionally, in a high inflation scenario, a company is likely to incur higher costs… Read MoreUS stocks open lower on rate hike worriesThe Dow Jones Industrial Average fell 135.07 points, or 0.42%, at the open to 31,699.04.
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… Read MoreMerrill Lynch fund sells ICICI Bank shares worth Rs 34 crAccording to block deal data available with the BSE, Merrill Lynch sold 4,80,440 shares at an average price of Rs 714.65 apiece, taking the transaction size to Rs 34.33 crore.
from Stocks-Markets-Economic Times https://ift.t… Read MoreMarket Movers: Why Hindalco shares tanked 4% todayOutlook commentary suggested that Q1FY23 adjusted EBITDA will return to $500 million-plus as one-time operational cost incidence is behind the company, brokerage ICICI Securities said while maintaining a buy call on Hindalco.… Read MoreNSE-BSE bulk deals: Motilal Oswal Mutual Fund buys 32 lakh shares of Campus ActivewearThe fund house acquired 16 lakh shares at Rs 360 per share and another 16 lakh shares of Rs 364.97 per share.
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