Thu, Feb 1, 2024 2:10 PM
Budget 2024 impacts stock market investors in many ways beyond Sensex
A Flip by Shubhangi Gupta
Japan's Nikkei share average rose 0.8% to 38,842.13, driven by a weaker yen and gains in financial stocks and automakers after they raised annual profit forecasts, despite being on track for a 2.4% weekly loss. The broader Topix had climbed 0.86% to 2,724.35 but is on course to post a 1.49% weekly loss.
Open Flip
Chinese data center firm Zdata Technologies Co. is considering a potential initial public offering in Hong Kong, according to people familiar with the matter. The company, whose clients include JD.com Inc., TikTok-owner ByteDance Ltd. and Tencent Holdings Ltd., has held early talks with prospective advisers as it evaluates the merits of a share sale, the people said.
Open Flip
The Federal Reserve cut the federal funds rate by 25 basis points to 4.50%-4.75%, while Donald Trump's presidential election win may lead to higher interest rates, inflation, and global uncertainty, but also presents opportunities for India to expand local manufacturing and strengthen its strategic positioning.
Open Flip
