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A $21 Billion Indian Banks Stock Rout Signals Heyday May Be Over
The outlook has quickly soured for India's $433 billion banking sector after a rare selloff in HDFC Bank Ltd., the country's biggest private sector lender.
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Sensex Tumbles 900 Points, Plummets 6th Consecutive Day; Now Below 64,000
Sliding for the sixth straight session, equity benchmark Sensex today plunged about 900 points to crash below the 64,000 level due to an across-the-board selloff amid heightened tension in the Middle East.
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Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
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Retail Investors Keep Faith On India Stocks Despite Adani Rout
Individual stock investors in India are keeping faith in the country's $3.1 trillion equity market even after a punishing selloff in Adani Group shares threatened to drag down one of the world's best-performing indexes since the pandemic.
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India Recoups Fifth Place In World Stocks As Adani Claws Back
India has reclaimed fifth place among the world's top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares.
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Adani Stock Rout Enters Third Week as Flagship Shelves Bond Sale
Ramifications of the relentless selloff are spreading far and wide as concerns grow about the exposure that financial institutions and investors have to the conglomerate.
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The Year London Lost Its Markets Crown to Europe
The onset of a recession, inflation at a 41-year high, two prime ministers resigning and the highest number of strikes since Margaret Thatcher in the 1980s have helped trigger selloffs in domestic stocks and both government and corporate debt.
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US Tech-Focused Hedge Funds Brace For Heavy Losses Amid Market Slide
U.S. hedge funds that focus broadly on technology investments are bracing for heavy losses this year as gloomier economic data sparked a fresh selloff this week, shrinking hopes of clawing back any significant ground in coming months.
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Ugly Global Sell-Off Derails Domestic Stocks' 4-Day Winning Streak After Red Hot US Inflation Data
Stock Market India: Equity benchmarks crashed, stalling a four-session winning streak, tracking a sea of red in Asian bourses after an ugly selloff on Wall Street.
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Elon Musk Sells $6.9 Billion Of Tesla To Avoid Twitter Tussle Fire Sale
Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaires biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car makers shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.
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Snap Q2 Report Sparks $80 Billion Loss in Ad Industry Market Cap Amid Tiktok Competition, Inflation Concerns
Snap announced poor second quarter earnings on Thursday, missing Q2 revenue targets and bringing the company’s shares down by 26 percent. The camera-based chat service has lost over 70 percent in 2022. The report also sparked a selloff in rival internet ad sellers, as Facebook owner Meta dropped 5 percent in extended trade, while Alphabet and Pin...
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Investors Warn Earnings Season May Spark New Selloff In Global Equities
The upcoming corporate earnings season could prompt another sharp fall in global share prices with profit forecasts looking far too upbeat given mounting recession risks, investors and analysts warn.
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India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
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Crypto Payments Firm MoonPay Inks Deals With Universal Pictures, Death Row Records in NFT Push
MoonPay said Tuesday that it’s partnering with Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records, among other brands, to launch a new NFT platform called HyperMint.
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Bitcoin Drops Below $20,000 as Crypto Selloff Quickens
The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening.
-
A $21 Billion Indian Banks Stock Rout Signals Heyday May Be Over
The outlook has quickly soured for India's $433 billion banking sector after a rare selloff in HDFC Bank Ltd., the country's biggest private sector lender.
-
Sensex Tumbles 900 Points, Plummets 6th Consecutive Day; Now Below 64,000
Sliding for the sixth straight session, equity benchmark Sensex today plunged about 900 points to crash below the 64,000 level due to an across-the-board selloff amid heightened tension in the Middle East.
-
Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
-
Retail Investors Keep Faith On India Stocks Despite Adani Rout
Individual stock investors in India are keeping faith in the country's $3.1 trillion equity market even after a punishing selloff in Adani Group shares threatened to drag down one of the world's best-performing indexes since the pandemic.
-
India Recoups Fifth Place In World Stocks As Adani Claws Back
India has reclaimed fifth place among the world's top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares.
-
Adani Stock Rout Enters Third Week as Flagship Shelves Bond Sale
Ramifications of the relentless selloff are spreading far and wide as concerns grow about the exposure that financial institutions and investors have to the conglomerate.
-
The Year London Lost Its Markets Crown to Europe
The onset of a recession, inflation at a 41-year high, two prime ministers resigning and the highest number of strikes since Margaret Thatcher in the 1980s have helped trigger selloffs in domestic stocks and both government and corporate debt.
-
US Tech-Focused Hedge Funds Brace For Heavy Losses Amid Market Slide
U.S. hedge funds that focus broadly on technology investments are bracing for heavy losses this year as gloomier economic data sparked a fresh selloff this week, shrinking hopes of clawing back any significant ground in coming months.
-
Ugly Global Sell-Off Derails Domestic Stocks' 4-Day Winning Streak After Red Hot US Inflation Data
Stock Market India: Equity benchmarks crashed, stalling a four-session winning streak, tracking a sea of red in Asian bourses after an ugly selloff on Wall Street.
-
Elon Musk Sells $6.9 Billion Of Tesla To Avoid Twitter Tussle Fire Sale
Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaires biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car makers shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.
-
Snap Q2 Report Sparks $80 Billion Loss in Ad Industry Market Cap Amid Tiktok Competition, Inflation Concerns
Snap announced poor second quarter earnings on Thursday, missing Q2 revenue targets and bringing the company’s shares down by 26 percent. The camera-based chat service has lost over 70 percent in 2022. The report also sparked a selloff in rival internet ad sellers, as Facebook owner Meta dropped 5 percent in extended trade, while Alphabet and Pin...
-
Investors Warn Earnings Season May Spark New Selloff In Global Equities
The upcoming corporate earnings season could prompt another sharp fall in global share prices with profit forecasts looking far too upbeat given mounting recession risks, investors and analysts warn.
-
India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
-
Crypto Payments Firm MoonPay Inks Deals With Universal Pictures, Death Row Records in NFT Push
MoonPay said Tuesday that it’s partnering with Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records, among other brands, to launch a new NFT platform called HyperMint.
-
Bitcoin Drops Below $20,000 as Crypto Selloff Quickens
The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening.
