The Nasdaq and S&P 500 edged higher on Monday, fueled by anticipation for Nvidia's earnings report and Tesla's potential gains under the incoming Trump administration. Investors are eager to assess the sustainability of the AI-driven market rally and the impact of potential policy changes on key sectors.
Delhi's air quality has plummeted once again, triggering emergency measures like school closures and construction bans. Despite efforts to curb stubble burning and vehicular emissions, the city remains choked with smog. Experts emphasize the need for urgent, year-round action, including stricter enforcement of existing policies and a comprehensive approach to tackling pollution across the entire Indo-Gangetic Plain.
Lebanon has agreed to a U.S.-proposed ceasefire with Israel, marking a significant step towards ending the conflict. Lebanon submitted its response, emphasizing adherence to UN Resolution 1701, which demands Hezbollah's disarmament in the border region. The success of the ceasefire now hinges on Israel's acceptance and commitment to upholding the resolution's terms.
India’s GSAT-20 satellite, a high-throughput communication satellite weighing 4,700 kg, was successfully launched on SpaceX’s Falcon-9 rocket from Cape Canaveral, Florida. Operated by NewSpace India Limited (NSIL), this marks the first time an Indian satellite has been launched aboard a US rocket. Designed for broadband expansion, the 14-year mission supports Smart Cities, in-flight connectivity, and remote regions.
Happy Tuesday! Lenskart is closing a new funding round that could significantly boost its valuation, sources tell us. This and more in today’s ETtech Morning Dispatch.
Apple has significantly increased its investment proposal to Indonesia, from nearly $10 million to almost $100 million over two years, in an attempt to overturn a sales ban on the iPhone 16. The Indonesian government, however, is requesting that Apple shift its investment focus towards research and development for smartphones within the country.
The US has voiced its disapproval to Bangladesh over the government's handling of protests. This follows clashes between law enforcement and the Hindu community in Chittagong. The unrest stemmed from a Facebook post that was critical of ISKCON. India has also condemned the violence and urged Bangladesh to protect its Hindu population.
Google controlled 90 percent of the US online search market in 2020, with an even higher share, 95 per cent, on mobile devices, as per reports.
Benchmark indexes advanced in Japan, South Korea and Australia, while futures climbed in Hong Kong. The Nasdaq 100 outperformed Monday after its longest rout since January, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities. Nvidia Corp., which reports results this week, fell.
President-elect Donald Trump has nominated former congressman Sean Duffy for the position of transportation secretary. Duffy, a Fox Business host and advocate for fiscal responsibility, is expected to oversee infrastructure upgrades and eliminate diversity programs within the transportation sector. Trump's nomination of Duffy, alongside other controversial picks, awaits Senate approval.
US stock market indexes -- S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, are waiting for Nvidia third-quarter earnings, Federal Reserve, and results from major retailers including Walmart, Lowe's Companies and Target.
Concerns over a likely decline in sales in its flagship brand, Mamaearth and earlier expectations of strong earnings growth have made investors sceptical about the stock's prospects.
IGL plunged 19.8% to ₹325, its lowest closing since March 2020. MGL tumbled 13.8% to ₹1,130.55, the lowest closing since June 2023. Gujarat Gas, which already derives most of its supplies at market rate, fell 6.8% to ₹452.5 on Monday.
Sean Diddy Combs has pleaded not guilty to the charges and is currently seeking to be freed to house arrest through a $50 million bail package.
Shares of Medplus Health Services rose 2.1% to close at ₹719 on Monday. In last one month, the company's shares have moved up 5.46% while the BSE 500 Index fell 6.58%.
The UK and India will resume negotiations for a free trade agreement in 2024. This follows a pause due to elections in both countries. UK Prime Minister Keir Starmer, who met with Indian Prime Minister Narendra Modi at the G20 summit, stated that a trade deal would boost jobs and prosperity in the UK.
The US House Ethics Committee will discuss the investigation into Matt Gaetz. Gaetz is Trump's pick for attorney general. Senators want to see the House panel's findings on Gaetz. Gaetz faces allegations of sexual misconduct and drug use. He resigned from the House. Gaetz denies the allegations. He says the allegations are intended to derail the second Trump administration.
Waaree Energies, which recently made a stellar debut at the bourses, reported its first earnings post listing, where the solar PV maker clocked 15% growth in its second quarter net profit at Rs 362 crore.
Vice President Kamala Harris's presidential campaign, despite spending a staggering $1.5 billion in just 15 weeks, ended in a decisive loss to Donald Trump. The campaign's lavish spending on advertising, events, and staff has sparked internal scrutiny and questions about its effectiveness.
"With Q2 earning season coming to a close and FII selling continuing, we expect Nifty to consolidate within a broad range due to the absence of any positive trigger," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal.
