Sensex jumps over 483 pts; Nifty tops 9,300

Titan, HUL, PowerGrid, NTPC and Nestle India were among the laggards Equity benchmark Sensex surged over 483 points on Thursday, tracking gains in I.T. and banking stocks as expectations of another stimulus package from the government enthused investor sentiment. The 30-share index ended 483.53 points or 1.54 per cent higher at 31,863.08. The broader NSE Nifty advanced 126.60 points, or […]

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Asia Stocks Set for Modest Gains; Oil Up From Lows: Markets Wrap

Asian stocks looked set to follow their U.S. peers higher as investors took some comfort from earnings reports and signs the coronavirus outbreak is easing. Oil jumped and Treasuries fell. Equity contracts rose in Japan, Hong Kong and Australia. The S&P 500 Index rebounded from the worst sell-off in three weeks amid quarterly results. Chipotle Mexican Grill rose on sales […]

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Carmakers Headed for 50% Sales Plunge Breathe Sigh of Relief

Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers. Retail sales to consumers are down about 50%, a drop-off that wouldn’t be as steep as China or Western European countries saw in the first full month following their coronavirus outbreaks, according to Jeff Schuster, senior vice president of forecasting with LMC Automotive, a partner […]

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Stocks rally as small-business relief clears Senate, oil soars

Which sectors will perform best, worst as coronavirus continues? Chief investment strategist at Charles Schwab Liz Ann Sonders joins Barron’s markets editor Ben Levisohn, Barron’s reporter Carleton English and Barron’s associate editor Jack Hough to discuss which economic indicators investors should watch for. U.S. equity markets are on track to snap a two-day skid after a $483 billion coronavirus aid package […]

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Gas prices to stay cheap after coronavirus slide

National gas price average could drop to $1.50 per gallon: Analyst Patrick De Haan of GasBuddy argues the average gas price will continue to go lower. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below Not only are gasoline prices cheaper than they've been in years, thanks in part […]

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Stocks Are Finally Feeling the Fear That’s Hitting Other Markets

In the pandemic economy, financial markets have flashed confusing economic signals, muddied by monetary support, the trading impulses of the fast money, and ever-more complex infection data. But this week the message is loud and clear: the recession is hitting hard. After a stimulus-driven rebound for the S&P 500 Index, the chaos in oil markets is proving too much for […]

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Scaramucci rebuts report Citigroup cutting ties with SkyBridge

Anthony Scaramucci on SkyBridge suing Premium Point Investments Former White House Communications Director Anthony Scaramucci on SkyBridge Capital’s lawsuit against Premium Point Investments. SkyBridge Capital founder Anthony Scaramucci is pushing back against a report that Citigroup’s private bank is ending its relationship with his firm. Continue Reading Below The Wall Street Journal reported on Saturday that Citi made the move after SkyBridge’s flagship […]

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What is a bear market?

New York (CNN Business)Market volatility has reached epic heights in the past few weeks, so it’s tempting for investors to throw up their hands. Why not just ditch stocks and put money into cash in order to avoid big drops? That would probably be a mistake. Long-term investors need to ride out the inevitable bear markets — as painful as […]

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An ‘Epic Supply-Demand Battle’ Is Looming Across Bond Markets

In this article In coronavirus-rocked debt markets, a historic wave of government bond selling is meeting the biggest monetary buying program on record. But even as central banks unleash their trillions, the issuance spree across developed economies is proving far from smooth sailing. Bill auctions are struggling in Spain and France. Hedge funds are seeking ways to exploit supply-and-demand glitches […]

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United Airlines sees $2.1B loss as coronavirus hits growth hopes

Trump announces Treasury Department support for airline industry President Trump discusses how the Payroll Support Program will give economic relief to the airline industry. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below CHICAGO (Reuters) – United Airlines said on Monday it expects to report a pre-tax loss of about […]

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