Indian stocks have been on a sustained uptrend despite weak global cues. This surge has fueled more economic growth in the world's fastest-growing major economy. But will that translate to votes for the incumbent government? That's what this report decodes.

India general elections 2024: Indian stock markets at record highs

India general elections 2024: India's Sensex crosses 75,000 for the first time

The Indian stock market is on the verge of hitting the coveted $5 trillion market capitalisation mark following an unprecedented amount of wealth creation. India joined the $4 trillion club on 29 November 2023 and is now the fourth largest stock market in the world. Watch in for more details!

Indian market now near $5-trillion market cap

In India's political arena, where ideologies diverge there's one arena where politicians seem to find common ground: the stock market. As revealed by recent disclosures submitted with the Prime Minister’s office and election affidavits, India's political elite have significantly bolstered their fortunes through savvy investments in equities.

Stocks emerge as a wealth multiplier for politicians

Let's take a look at how the stock markets across the world performed this week. Both the US and European stock markets experienced a downturn this week amid surging bond yields following indications from fed officials of hesitancy towards rate cuts this year.

Risk-off sentiment hurts investors

Strong government bonds reflect political stability. But will it hold true for India, a country on the brink of elections? India's recent inclusion in JP Morgan & Bloomberg's global emerging markets index reflects a positive step towards attaining its 'developed India' vision by 2047. This report delves into the possible advantages & challenges that await the world's largest democracy as it advances in the global markets. Watch to know more!

Foreign funds flock as India joins global bond indices

In the complex reality of retirement planning, it is those who invest for the future that can truly lay back and bid farewell to the 9 to 5 grind. And that reality is playing out in the United States as more people over 65 are able to leave the workforce for good due to record high stock valuations. But what's the situation for those who did not plan the big American retirement dream?

America's retirement dream: Stock market returns helps boomers retire

Investors will eye meta shares later on Monday after the stock rose 20% on Friday to close at an all-time high of $474.99 per share. The surge marked the biggest single-day surge in U.S. Stock market history. CEO mark Zuckerburg is now the world's fourth richest, with a $28 billion gain. Meta's $197 billion gains exceeded the $190 billion jump recorded by apple and amazon in 2022. Watch to know more!

Meta's $197 billion surge is biggest in stock-market history

Investors are gearing up for the ultimate financial face-off in 2024 as Trump and Biden gear up for a political rematch. In this high-stakes bout, sectors like tech, energy, and EVs face off against the backdrop of aggressive China policies. While the political heavyweights prepare for their clash, investors are pinning their bets on the stocks and sectors that could gain the most.

Investors cautious ahead of US polls

China's stock market is grappling with a brutal downcycle that has erased over $6 trillion in valuations since 2021, leading to increased confusion among investors and analysts. <o:p></o:p>

According to a Business Insider report, markets in China and Hong Kong experienced extended declines, only recovering some losses after reports surfaced that Beijing is contemplating a massive 2 trillion Chinese yuan (approximately $282 billion) package to stabilise the market.<o:p></o:p>

The Hang Seng Index in Hong Kong, which had fallen about 10 per cent year-to-date, showed a 2.6 per cent rebound as of 5 p.m. local time on Tuesday. However, the CSI 300, tracking 300 Shanghai and Shenzhen-listed stocks with the largest market capitalisations, remained 0.4 per cent higher but was still down 6 per cent for the year.<o:p></o:p>

Investors are on edge as China's signals on the economy appear to be perplexing, especially after the People's Bank of China (PBOC) kept benchmark lending rates unchanged, disappointing those hoping for a rate cut to stimulate the broader economy.<o:p></o:p>

"There has been increasing confusion over Beijing's policy stance on the economy," noted Nomura economists in a Monday note, reflecting the challenges of interpreting China's signals. <o:p></o:p>

While the largest state-owned banks reduced deposit rates in December, anticipating a similar move by the central bank, such adjustments did not materialise. Top officials' statements indicate Beijing's reluctance to prioritize short-term growth at the expense of increasing long-term risks, emphasising a commitment to a more sustainable and stable economy after decades of rapid growth.<o:p></o:p>

China faces economic challenges as it grapples with post-pandemic recovery, a property crisis, and a demographic problem marked by a record-low birth-rate. The nation's population contracted for the second consecutive year in 2023. <o:p></o:p>

President Xi Jinping's administration seems to be dialling back some aggressive measures, as seen in regrets expressed over a private-sector crackdown and damage control efforts after new draft rules on video gaming triggered an $80 billion market meltdown.<o:p></o:p>

Despite the ongoing struggles in China's stock market, some experts see opportunities ahead. Amundi, Europe's largest asset manager, maintains a long-term positive view on Chinese equity, considering it a core component of a strategic asset allocation. They cite appealing valuations and attractive longer-term rewards as reasons to remain optimistic amid the current challenges.

<o:p>(With inputs from Bloomberg)</o:p>

China's stock market is grappling with a brutal downcycle that has erased over $6 trillion in valuations since 2021, leading to increased confusion among investors and analysts.

China's stock market is grappling with a brutal downcycle that has erased over $6 trillion in valuations since 2021, leading to increased confusion among investors and analysts. According to a Business Insider report, markets in China and Hong Kong experienced extended declines, only recovering some losses after reports surfaced that Beijing is contemplating a massive 2 trillion Chinese yuan (approximately $282 billion) package to stabilise the market. The Hang Seng Index in Hong Kong, which had fallen about 10 per cent year-to-date, showed a 2.6 per cent rebound as of 5 p.m. local time on Tuesday. However, the CSI 300, tracking 300 Shanghai and Shenzhen-listed stocks with the largest market capitalisations, remained 0.4 per cent higher but was still down 6 per cent for the year. Investors are on edge as China's signals on the economy appear to be perplexing, especially after the People's Bank of China (PBOC) kept benchmark lending rates unchanged, disappointing those hoping for a rate cut to stimulate the broader economy. "There has been increasing confusion over Beijing's policy stance on the economy," noted Nomura economists in a Monday note, reflecting the challenges of interpreting China's signals. While the largest state-owned banks reduced deposit rates in December, anticipating a similar move by the central bank, such adjustments did not materialise. Top officials' statements indicate Beijing's reluctance to prioritize short-term growth at the expense of increasing long-term risks, emphasising a commitment to a more sustainable and stable economy after decades of rapid growth. China faces economic challenges as it grapples with post-pandemic recovery, a property crisis, and a demographic problem marked by a record-low birth-rate. The nation's population contracted for the second consecutive year in 2023. President Xi Jinping's administration seems to be dialling back some aggressive measures, as seen in regrets expressed over a private-sector crackdown and damage control efforts after new draft rules on video gaming triggered an $80 billion market meltdown. Despite the ongoing struggles in China's stock market, some experts see opportunities ahead. Amundi, Europe's largest asset manager, maintains a long-term positive view on Chinese equity, considering it a core component of a strategic asset allocation. They cite appealing valuations and attractive longer-term rewards as reasons to remain optimistic amid the current challenges. (With inputs from Bloomberg)

China's stock market struggles amid policy confusion, $6 tn wiped out since 2021

China's major state-owned banks took decisive action on Monday to shore up the yuan, tightening liquidity in the offshore foreign exchange market and actively selling US dollars onshore as domestic equities experienced a significant downturn.<o:p></o:p>

This is based on a Reuters report. <o:p></o:p>

With the benchmark Shanghai Composite index marking its largest one-day drop since April 2022, falling by 2.7 per cent, the move aimed to prevent the yuan from depreciating too rapidly, signalling a clear policy effort to stabilise the currency amid&nbsp;negative market sentiment on equities.<o:p></o:p>

"It is a clear policy signal to stabilise the yuan and counter the negative market sentiment on equities," Reuters quoted Gary Ng, Senior Economist for Asia Pacific at Natixis as saying. The aggressive support measures come at a time when overseas funds have offloaded around $1.6 billion in Chinese equities this year, reflecting waning investor confidence amid signs of an economic slowdown in the world's second-largest economy.<o:p></o:p>

In response to the market dynamics, offshore yuan tomorrow-next forwards surged to a more than two-month high of 4.25 points, indicating a tightening of liquidity conditions. State-owned banks in the offshore market curtailed lending to their peers, further intensifying liquidity constraints and increasing the cost of shorting the currency.<o:p></o:p>

Concurrently, in a bid to prevent swift declines in the yuan, state banks were actively selling dollars in the onshore spot foreign exchange market, with a focus on defending the 7.2 per dollar level.<o:p></o:p>

The sources, speaking on the condition of anonymity due to market regulations, highlighted the crucial role of state banks, which often act on behalf of China's central bank in the foreign exchange market. While their primary mission is to stabilise the yuan, they may also engage in trading on their own behalf or execute clients' orders. The onshore yuan concluded trading at 7.1963 per dollar, reflecting a nearly 1.4 per cent decline year-to-date, while its offshore counterpart settled at 7.2047.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

China's major state-owned banks took decisive action on Monday to shore up the yuan, tightening liquidity in the offshore foreign exchange market and actively selling US dollars onshore as domestic equities experienced a significant downturn.

China's major state-owned banks took decisive action on Monday to shore up the yuan, tightening liquidity in the offshore foreign exchange market and actively selling US dollars onshore as domestic equities experienced a significant downturn. This is based on a Reuters report. With the benchmark Shanghai Composite index marking its largest one-day drop since April 2022, falling by 2.7 per cent, the move aimed to prevent the yuan from depreciating too rapidly, signalling a clear policy effort to stabilise the currency amid negative market sentiment on equities. "It is a clear policy signal to stabilise the yuan and counter the negative market sentiment on equities," Reuters quoted Gary Ng, Senior Economist for Asia Pacific at Natixis as saying. The aggressive support measures come at a time when overseas funds have offloaded around $1.6 billion in Chinese equities this year, reflecting waning investor confidence amid signs of an economic slowdown in the world's second-largest economy. In response to the market dynamics, offshore yuan tomorrow-next forwards surged to a more than two-month high of 4.25 points, indicating a tightening of liquidity conditions. State-owned banks in the offshore market curtailed lending to their peers, further intensifying liquidity constraints and increasing the cost of shorting the currency. Concurrently, in a bid to prevent swift declines in the yuan, state banks were actively selling dollars in the onshore spot foreign exchange market, with a focus on defending the 7.2 per dollar level. The sources, speaking on the condition of anonymity due to market regulations, highlighted the crucial role of state banks, which often act on behalf of China's central bank in the foreign exchange market. While their primary mission is to stabilise the yuan, they may also engage in trading on their own behalf or execute clients' orders. The onshore yuan concluded trading at 7.1963 per dollar, reflecting a nearly 1.4 per cent decline year-to-date, while its offshore counterpart settled at 7.2047. (With inputs from Reuters)

China's state-owned banks rally to stabilise yuan amid stock market turmoil

Stock exchanges NSE and BSE on Friday said there will be normal trading sessions on January 20 and a trading holiday on January 22 in view of the mega Ram Mandir consecration ceremony in Ayodhya.

Ram Mandir Inauguration: Stock Market to remain shut on January 22

The Sensex has fallen by over 1800 points between Tuesday & Thursday. This has led to investors losing about 100 billion dollars in just 3 days. The losing streak has reduced the market cap of all listed companies from nearly 4.6 trillion dollars to 4.5 trillion dollars.

Decoding Sensex three-day losing streak

Reddit has unveiled plans for its Initial Public Offering (IPO) set for march. With the IPO countdown underway, Reddit aims to capture a portion of the advertising market amid the resurgence of social media stocks.

Reddit eyeing stock market debut, plans IPO amid fierce competition

India’s Nifty breached the historic 22,000 points feat. As investors look ahead at the risks & opportunities in 2024, the question is whether the Nifty can surpass 24k in 2024.

India’s Nifty 50 surpasses 22,000; Risks & opportunities in Indian market

India’s Nifty breached the historic 22,000 points feat. As investors look ahead at the risks & opportunities in 2024, the question is whether the nifty can surpass 24k in 2024.

India’s Nifty 50 surpasses 22,000

In the early trade today, Nifty 50 surged to a fresh peak of 22,081 points, surpassing the 22,000 mark for the first time. The upswing witnessed today marks the fifth consecutive gain for both Nifty 50 and Sensex.

India's Nifty 50 surpasses 22,000

Nigeria's stock market has been among the best performers this year. Nigerian equities are beating all peers in Europe, West Asia & Africa. The reason for this surge? Pension funds and institutional investors. They anticipate record profits from banks gaining through naira's devaluation.

Nigeria's stock market among the best performers in 2024

Global investors shift away from China. The country's presence is dwindling in the Global markets. The nation's stocks have witnessed a loss of almost $4 trillion in value since 2021. Watch to know more!

China's stock market hits unprecedented lows

Libya's Stock Market reopened its doors on Monday in the capital, Tripoli, after being closed for over nine years due to political and security challenges. The reopening ceremony was marked by the Prime Minister of the Government of National Unity, Abdulhamid al-Dbeibah, and the Chairman of the Board of Directors, Bashir Mohamed Ashour, along with other officials ringing the bell to signify the resumption of trading.<o:p></o:p>

During the ceremony, Prime Minister al-Dbeibah expressed the importance of the stock market as a key economic instrument, stating, "The importance of the stock market is embodied in doubling the gross domestic product and helping to close the budget deficit, which reduces the burden on the state’s general budget." <o:p></o:p>

He highlighted the role of the stock market in contributing to economic growth and fiscal stability. Ashour, the Chairman of the Board, emphasised that the market's success would hinge on the "stability and development of the various sectors of the state".<o:p></o:p>

The stock market's impact is expected to extend beyond Tripoli, as it also operates a trading hall in Libya's second-largest city, Benghazi. <o:p></o:p>

According to sources, trading is anticipated to resume in Benghazi next week, marking a broader effort to restore financial activities across the country. As the market strives for success, Ashour outlined its commitment to increasing the volume of listings, signalling potential growth opportunities for companies looking to participate in the revived market.<o:p></o:p>

Despite the reopening, the initial trading day saw limited activity. Out of the ten listed companies, only three actively traded, according to Lamin Haman, the market's media adviser. <o:p></o:p>

The market, originally launched in 2006, faced interruptions in the aftermath of the NATO-backed uprising in 2011 and subsequent civil strife in 2014, leading to the suspension of trading on multiple occasions. Notably, the conflict also resulted in the division of Libya between warring eastern and western factions, complicating the nation's economic recovery.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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Libya's Stock Market reopened its doors on Monday in the capital, Tripoli, after being closed for over nine years due to political and security challenges. The reopening ceremony was marked by the Prime Minister of the Government of National Unity, Abdulhamid al-Dbeibah, and the Chairman of the Board of Directors, Bashir Mohamed Ashour, along with other officials ringing the bell to signify the resumption of trading.

Libya's Stock Market reopened its doors on Monday in the capital, Tripoli, after being closed for over nine years due to political and security challenges. The reopening ceremony was marked by the Prime Minister of the Government of National Unity, Abdulhamid al-Dbeibah, and the Chairman of the Board of Directors, Bashir Mohamed Ashour, along with other officials ringing the bell to signify the resumption of trading. During the ceremony, Prime Minister al-Dbeibah expressed the importance of the stock market as a key economic instrument, stating, "The importance of the stock market is embodied in doubling the gross domestic product and helping to close the budget deficit, which reduces the burden on the state’s general budget." He highlighted the role of the stock market in contributing to economic growth and fiscal stability. Ashour, the Chairman of the Board, emphasised that the market's success would hinge on the "stability and development of the various sectors of the state". The stock market's impact is expected to extend beyond Tripoli, as it also operates a trading hall in Libya's second-largest city, Benghazi. According to sources, trading is anticipated to resume in Benghazi next week, marking a broader effort to restore financial activities across the country. As the market strives for success, Ashour outlined its commitment to increasing the volume of listings, signalling potential growth opportunities for companies looking to participate in the revived market. Despite the reopening, the initial trading day saw limited activity. Out of the ten listed companies, only three actively traded, according to Lamin Haman, the market's media adviser. The market, originally launched in 2006, faced interruptions in the aftermath of the NATO-backed uprising in 2011 and subsequent civil strife in 2014, leading to the suspension of trading on multiple occasions. Notably, the conflict also resulted in the division of Libya between warring eastern and western factions, complicating the nation's economic recovery. (With inputs from Reuters) WATCH WION LIVE HERE

Libya's stock market resumes trading after 9-year hiatus

Pfizer's shares take a nosedive after a disappointing forecast for next year, revealing that its ambitious $43 billion takeover of seagen may not be enough to counter the diminishing returns from its covid franchise.

Pfizer struggles amid Covid decline

In a smashing debut, the listing day gains for India's tata technologies were the greatest for any large Indian initial public offering. The company's value more than doubled.

Tata tech emerges as stock market star

Indian stock markets are in a record-high territory. Nifty 50 crossed the 20,000 mark. But what does that mean going forward? Is the Indian stock market in a bubble, or can it rally beyond the psychological number of 20,000

India markets on foreign investors radar

Foreign investors bet big on Indian markets

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