Friday 02 Dec, 2022 01:38 AM
Site map | Locate Us | Login
   Eicher Motors' CV sales rise by 20% YoY in Nov'22; exports record sharp contraction    TVS Motor records 2% YoY sales growth in Nov    Cosmo First gains on Rs 108-cr share buyback    Gensol Engg gains on bagging solar projects     M&M records sales of 58,303 vehicles in November 2022    Esab India Ltd leads losers in 'A' group    Maruti Suzuki total sales climb 14% YoY in November    Adani Green gains on raising JPY denominated refinancing facility     Dynemic Products Ltd Partly Paidup leads losers in 'B' group    Tata Motors records 21% YoY sales growth in November    Volumes spurt at Hatsun Agro Product Ltd counter    FMCG shares edge lower    Power stocks slide    Utilties shares fall    Polycab announces strategic partnership with Redington  
Saravan Stocks
Foreign Markets
Brief updates about US Markets (NYSE & Nasdaq). News about the movement of global indices such as Dow Jones, Nasdaq, S&P 500 etc.
US Stocks rebound on bargain hunting
29-Sep-22   09:27 Hrs IST

The US stocks rebounded strongly on Wednesday, 28 September 2022, with the Dow, the S&P 500, and the Nasdaq indexes all end the day significantly higher.

The strong finish of the Wall Street came as investors chased for bargain hunting across the board, after the British pound and US Treasury yields show some signs of stabilizing following their wild moves over the past few days.

Potentially lifting risk assets include comments from Chicago Fed President Charles Evans that he is cautiously optimistic the US economy can avoid a recession, and said he's a little nervous about the Fed raising interest rates too quickly.

At the close of trade, the Dow Jones Industrial Average index advanced 548.75 points, or 1.88%, to 29,683.74. The S&P500 index increased by 71.75 points, or 1.97%, to 3,719.04. The tech-heavy Nasdaq Composite Index spurted 222.13 points, or 2.05%, to 11,051.64.

The S&P 500 is now 24.3% below its record set in January, while the Dow is 21.2% below its all-time high. The Nasdaq has fallen more than 33% since hitting a record in November.

All 11 S&P 500s sector indexes finished higher, with energy issue gained the most, rising 4.4%, on tracking strength in crude oil prices. Meanwhile, communication services, consumer discretionary, materials, industrials, and healthcare gained more than 2%.

The Bank of England's planned to begin temporarily purchasing long-dated U.K. government bonds to address dysfunction in the gilt market. The BoE said the purchases would be carried out on whatever scale is necessary to restore orderly market conditions. In addition, the BoE postponed the selling of bonds held under the quantitative easing program to October 31. The sale was initially due to commence next week.

The moves come as U.K. bond yields have spiked after the government revealed its mini-budget including significant unfunded tax cuts. Long-term U.K. bond yields have pulled back following the news, while U.S. treasury yields are also giving back ground after surging in recent sessions.

Among Indian ADR, ICICI Bank added 1.3% to $21.07, HDFC Bank added 1% to $57.64, Tata Motors added 1.8% to 24.81, and WNS Holdings added 3.4% to $81.31. Dr Reddy's Labs added 3.44% to $52.29, INFOSYS was up 1.9% to $17.11, and Wipro gained 1.7% to $4.87. Azure Power Global fell 1.7% to $5.65.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID:       Customers grievances :     Compliance officer : Mr.R Udayakumar ,,  Mobile No: 7305522205
Hit Count : 23677429
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016  |  MCX : INZ000081736
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 12815 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. Saravana Stocks Pvt. Ltd