A 40% surge in Nvidia so far in 2024 has elevated its market capitalization to $1.715 trillion as of mid-day trading on Wednesday, only about 3% below Amazon’s $1.767 trillion value, and less than 6% below Alphabet’s $1.812 trillion value, according to LSEG data.
Taking Stock: Markets end flat in a choppy session ahead of RBI meet outcome
Broader markets outperformed the benchmarks. Nifty Midcap 100 gained 0.75 percent and Nifty Smallcap 100 was up 0.71 percent. Nifty PSU Bank and realty were among top sectoral moversNifty, Sensex erase early gains on profit booking; RBI MPC to provide cues
Nifty IT dragged the benchmarks in the afternoon trade, falling over a percent, while Nifty PSU Bank capped the losses, rising over 2 percent.New York Community Bancorp stock value set to halve, as Moody’s cuts ratings
Shares of New York Community Bancorp lost 22% on Tuesday, extending a sell-off since the lender reported a surprise quarterly loss last week, as Moody’s downgraded its long-term debt ratings to junk status
Singapore’s DBS maintains 2024 guidance, Q4 profit beats forecasts
DBS Group, Singapore’s biggest bank, maintained guidance for net interest income for 2024 at around last year’s levels after posting a 2% rise in fourth quarter net profit, beating expectations.
Asia stocks gain, much riding on China stability efforts
Asian stocks firmed on Wednesday as investors waited to see if Beijing’s increasingly frantic efforts to prop up its sagging share markets would actually work, while bonds enjoyed a reprieve from recent selling.
Taking Stock: Market rebounds; Sensex up 450 points, Nifty above 21,900
Top Nifty gainers included BPCL, HDFC Life and HCLTech, while losers were Power Grid, IndusInd Bank and Britannia IndustriesMid-day Mood | Nifty, Sensex rise to day#39;s high amid gains in IT stocks
While the benchmarks bucked the weak global trend and moved higher, analysts warn that exhaustion in the absence of any positive triggers may trigger a phase of consolidationInflation, US election to drive 2024 markets – JPMorgan trader survey
Inflation and the U.S. presidential election will be the biggest drivers of global markets this year, while liquidity challenges are a growing focus, according to traders surveyed by JPMorgan.
Big Movers on D-Street: What should investors do with IOB, Rites, and UPL?
The benchmark Nifty 50 ended 0.4% down at 21771.70 points, and the Sensex closed 0.5% lower at 71731.42 points. On the other hand, the Nifty PSE index closed 2% higher at 9189.20 points.