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Investing.com reports that Bernstein recommends a selective approach to buying Indian stocks in 2025 due to economic difficulties and disappointing earnings. They expect the Nifty 50 index to hit 26,500 by the end of the year, which would represent a 12% gain.
US stocks increased on Monday, with the Nasdaq Composite nearly gaining 1%. Josh Lipton, the host of Market Domination Overtime, analyzes how the market averages performed after the consumer confidence report released this morning. For more expert opinions and analysis on the current market trends, you can find additional content on Market Domination Overtime.
Asian stocks saw a small increase on Tuesday, but trading was quiet due to the holiday-shortened week. The U.S. dollar remained close to a two-year high, supported by high Treasury yields as investors anticipated fewer interest rate cuts from the Federal Reserve in 2025. In China, stocks rose slightly after reports that the government plans to issue a record 3 trillion yuan ($411 billion) in special treasury bonds next year to support the economy.
Here are the most recent updates for investors about stocks that are popular this Thursday.
India's stock market capitalisation has reached $4.3 trillion, making it the fourth-largest market in the world, surpassing Hong Kong.
Bernstein Research has taken a neutral view on the Nifty 50 index, which is India's main stock market indicator. This decision is made in a complicated investment situation, influenced by both global and local factors that affect market feelings and investor plans. Bernstein believes that the Indian stock market is currently fully valued, leading to their neutral position on the Nifty.
Investing.com reports that the Reserve Bank of India has decided to keep interest rates the same, which was anticipated. They also emphasized their commitment to reducing supportive policies in order to lower inflation.
Investing.com -- On Tuesday, India's Finance Minister, Nirmala Sitharaman, revealed a major increase in the Securities Transaction Tax (STT), raising it from 0.01% to 0.02%. This change will significantly affect Futures and Options (F&O) traders, as they will now have to pay a much higher tax on their transactions. Following this announcement on July 23, the market responded quickly, with the Sensex and Nifty indices both falling by more than 1% in the afternoon.
Investing.com reports that the Reserve Bank of India decided to maintain interest rates on Friday, as anticipated. However, it did raise its annual growth prediction for the Indian economy due to ongoing strong consumer spending.
Officials from the Federal Reserve have cautioned against expecting a change in policy in the near future, as they are waiting for inflation to decrease enough. It is uncertain when this will happen.
- What is the Nifty 50 index?
- What is the symbol for the Nifty 50 index?