Global News | World latest News| Trending News
A federal judge on Monday rejected Apple’s bid to dismiss a major antitrust lawsuit brought by the U.S. Department of Justice (DOJ), clearing the way for a landmark legal battle over the company’s alleged monopoly in the smartphone market. District Judge Julien Neals of New Jersey ruled that the government had sufficiently shown that Apple…
The equity market opened higher on Friday as investor sentiment improved on renewed US-Pakistan trade ties and parliamentary approval of the federal budget. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 123,628.23, gaining 1,581.77 points, or 1.3%, and touched a low of 122,222.69, reflecting an uptick of 176.23 points,…
The equity market surged on Tuesday as news of a ceasefire between Iran and Israel and a sharp drop in oil prices restored investor confidence and triggered widespread buying. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged to an intraday high of 121,245.03, gaining 5,077.56 points, or 4.37%, and touched a low of 120,369.53,…
The equity market rose sharply on Wednesday amid strong investor confidence in the newly announced federal budget, with analysts pointing to favourable tax treatment and IMF-aligned fiscal discipline as key drivers of sentiment. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 124,135.96, gaining 2,111.52 points, or 1.73%, and touched…
The Pakistan Stock Exchange (PSX) opened to a sharp rally on Monday after tensions between Pakistan and India eased, with the benchmark KSE-100 index jumping more than 9%, leading to market suspension. The benchmark KSE-100 index surged to 117,104.11 points after a surge of 9,928 points during intra-day trade — the highest day-on-day increase in…
“Overall Nifty earnings should stabilise going forward. So, we are of the opinion that Nifty 50 index if I look at the valuation is currently near to 10-year average level and hence I feel that we might see more consolidation at this level, but major downside is now over,” says Jitendra Gohil, Kotak Alternate Asset…
“Fundamentally, the result delivery, especially from Nifty companies has been pretty decent, like most of the heavyweights have reported either good or in line numbers, disappointments are few and far between,” says Sandip Sabharwal, asksandipsabharwal.com.It is going to be quite the lifetime experience, I guess, this week also for markets. A) the market positioning, the…
“The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in,” says Sandip Sabharwal, asksandipsabharwal.com.What could be interesting…
“Prima Facie, India’s sunrise sectors such as Renewable Energy, Electric Vehicles (EV’s) and Quick commerce present an attractive investment proposition from long term standpoint given the supportive policy push by the government and its favorable impact on India’s Economic growth,” says Niraj Kumar, CIO, Future Generali India Life Insurance. In an interview with ETMarkets, Master…
