Notwithstanding concerns about lofty valuations, smallcaps recorded their most significant monthly gain in nearly three years in November. The National Stock Exchange Nifty Smallcap 100 finished the month with a 12 per cent gain, the most since February 2021 when it rose by 12.2 per cent. After declining by 4.1 per cent in the preceding month, the Nifty Midcap 100 […]

European stocks are set to open on a firm note Friday amid hopes that the U.S. Federal Reserve will start reducing interest rates from the first quarter of next year. Softer than expected eurozone inflation data also raised hopes the European Central Bank will begin cutting rates from early next year. The dollar was on the back foot while bond […]

Consumer price growth in the U.S. slowed in line with economist estimates in the month of October, according to closely watched inflation readings released by the Commerce Department on Thursday. The report said the annual rate of consumer price growth decelerated to 3.0 percent in October from 3.4 percent in September. The slowdown matched expectations. Core consumer price growth also […]

The mutual fund industry’s assets under management (AUM) have likely breached the Rs 50 trillion mark following a rally in domestic equities this month. The industry’s average AUM stood at almost Rs 48 trillion at the end of October. In November, the Nifty50 index has gained about 4 per cent so far, while smallcap and midcap indices have rallied close […]

The U.S. Greenhouse Gas Center, to provide decision-makers with access to trusted data and analysis on greenhouse gases, has been launched at the annual United Nations Climate Conference. NASA Administrator Bill Nelson, U.S. Environmental Protection Agency (EPA) Administrator Michael Regan, and other United States government leaders unveiled the Greenhouse Gas Center at a ceremony held at the sidelines of COP28 […]

Reflecting an improvement in consumer expectations, the Conference Board released a report on Tuesday showing a rebound in U.S. consumer confidence in the month of November. The Conference Board said its consumer confidence index rose to 102.0 in November from a downwardly revised 99.1 in October. The increase came following three straight monthly declines. Economists had expected the consumer confidence […]

Bistol Myers Squibb (BMY) announced that the U.S. Food and Drug Administration has accepted for priority review its supplemental Biologics License Application or sBLA for Opdivo (nivolumab) in combination with cisplatin-based chemotherapy as a first-line treatment for adult patients with unresectable or metastatic urothelial carcinoma. The application has been accepted based on results from the Phase 3 CheckMate -901 trial. […]

Airfares on major domestic routes from Chennai surged as flight operations at the airport were disrupted due to strong winds and torrential rain that lashed the city in the wake of Cyclone Michaung on Monday. According to ixigo data, on December 5, one-way spot airfares from Chennai to cities like Mumbai, New Delhi, Hyderabad, Bengaluru, and Kolkata rose between 52 […]

Eurozone money supply continued to fall and bank lending remained weak in October amid tight monetary policy, data published by the European Central Bank showed Tuesday. The monetary aggregate M3 declined 1.0 percent on a yearly basis in October after a 1.2 percent fall in September. This was the fourth consecutive fall. In three months to October, the annual growth […]