Japan’s Nikkei share average crossed the 50,000 mark for the first time on Monday. This milestone follows successive records driven by expectations of significant spending from the new prime minister, Sanae Takaichi. Investors are reacting positively to Takaichi’s growth-focused policies and anticipated economic stimulus packages. The market has seen a strong upward trend since mid-July.Read More
“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.Read More
Eyewear retailer Lenskart is launching its IPO on October 31, aiming to raise Rs 2,150 crore through a fresh issue and an offer for sale. Backed by Radhakishan Damani, the company plans to use the funds for store expansion, technology, and marketing. This IPO is anticipated to be the fourth-largest public issue of 2025.Read More
Gold prices saw a sharp fall after hitting record highs. This drop has led to discussions about whether it marks a turning point for the precious metal’s market. Despite the recent decline, interest from retail buyers remains strong. Professionals in the gold market are gathering for a conference, anticipating a consolidation phase before a potential...Read More
Dr Reddy’s Laboratories saw a high single-digit revenue increase in Q3, driven by India, emerging, and European markets, despite a muted US business. The company launched 24 new products, with a pipeline of 100 products expected to offset slowing Revlimid sales. Analysts remain cautious, with valuations factoring in earnings upside.Read More
European Central Bank Governing Council member Jose Luis Escriva expressed satisfaction with current borrowing costs, deeming them appropriate as inflation has reached the 2% target. Policymakers are widely expected to maintain the deposit rate at 2% at the upcoming October 30 meeting and again in December, with no further rate adjustments anticipated.Read More
Key tech giants, including Microsoft, Alphabet, Meta, and Apple, are set to report earnings this week, with investor focus on their artificial intelligence outlooks. Strong earnings season performance has bolstered the S&P 500, but sustained gains hinge on assurances from these companies regarding AI investment returns.Read More
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