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The S&P 500 slipped 1.8% on Friday, pushing 20% below its record closing high on Jan. 3. The drop is part of a seven-week slide in the broad measure that qualifies as the longest since the dot-com bubble was bursting in 2001.
IDFC First, IDFC reverse merger plan back on tableUnder banking guidelines, a Non-operative Financial Holding Company (NoFHC) is required to house a bank and other financial services units of a promoter. IDFC will argue that it doesn’t have any other significant businesses a… Read MoreMFs add IT and pharma stocks for uncertain timesSome of the funds booked profits in Reliance Industries, the best performing blue-chip since March 23, when the Nifty hit a four-year low.
from Stocks-Markets-Economic Times https://ift.tt/3kIh24m
… Read MoreSGX Nifty down 10 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 8.95 points, or 0.08 per cent lower at 11,321.80, a sign that Dalal Street was headed for a negative start on Friday.
from Stocks-Markets-Economic Times https://ift.tt/3arUal0
… Read MoreStrong rebound on D-Street fails to push growth in SIP accountsThe pace in new SIP accounts improved marginally to 11 lakh in July from 9.1 lakh in the previous month. But, higher discontinuation reduced the overall monthly growth in the outstanding SIP accounts to 1.2 per cent in July 2… Read MoreTata Steel posts Rs 4,609 crore Q1 loss, Europe unit in red“Tata Steel Europe performance was affected by lower deliveries and a sharp decline in European spreads to an unsustainably low level. As a result, our consolidated adjusted Ebitda dropped to Rs 1,038 crore,” Tata Steel execu… Read More
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