Bulls in control on Dalal Street on Budget Day

Indian shares ended on a strong note on Dalal Street on Tuesday (Feb. 1) as investors gave a thumbs up to a growth-oriented Budget unveiled in Parliament today. The 30-share BSE Sensex closed up 1.46% to 58,862.57 points while the broader NSE Nifty index end the volatile trading session up 237 points, or 1.37% at 17,576.85 points. Both indices had slumped earlier

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A bruising January for stocks is ending

World equities staged a modest rebound on the last trading day of a volatile month of January. Investors put aside concerns about geopolitical tensions, persistent inflation pressures and interest rate rises but markets have seen some solid downside pressure to begin 2022 with the MSCI World index down 6.2% in January – the worst start to the year since 2016. Asian stocks

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FTSE 100 unaffected by historic UK inflation levels

London Stock Exchange’s FTSE 100 index closed up 0.35% on Wednesday (Jan. 19) seemingly shrugging off concerns over UK’s alarming near 30-year high inflation print. Figures published by the Office for National Statistics showed annual inflation rate in the country increased to 5.4% last month from 5.1% in November and above market forecasts of 5.2%.  It is the highest reading since March

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European bourses in red as Eurozone inflation soars

European stocks closed lower on Friday (Jan. 7) after data showed annual inflation in the Eurozone hit an all-time high of 5% in December. Germany’s DAX fell, 0.65% while France’s CAC 40 dropped 0.42%. The pan-European Stoxx 600 ended down 0.47%, with most sectors in negative territory. The biggest drag were travel and leisure stocks. The UK bucked the trend with London’s

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Relief rally in world markets ahead of Christmas holidays

Investors’ risk appetite was high on Thursday (Dec. 23) while the transaction volume was low in the world stock markets as trading desks wind down for the Christmas break. European stocks finished Thursday’s session with strong gains. The pan-European Stoxx 600 index closed up 1.0%, with travel and leisure climbing 1.7% to lead the gains. The German DAX Index jumped by 1%, the French

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BP stock falls despite beating Q3 earnings expectations

British energy major BP plc reported on Tuesday (Nov. 2) its third-quarter earnings results, revealing underlying replacement cost profit (net profit) of $3.32 billion, above analyst estimates of $3.1 billion, according to Refinitiv. The oil and gas giant’s operating cash flow reached $6 billion, with the London-based company receiving $5.4 billion of divestment and other proceeds in the first nine months of 2021. The

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