GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Friday after hitting record highs on Thursday. Here is all you need to know before the market opens.
GIFT Nifty was 72 points or 0.31% lower at 22,942 indicating a negative start for the domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 370 points or 1.64% to finish at 22,967.65, while the BSE Sensex jumped 1,197 points or 1.61% to finish at 75,418.
Key things to know before share market opens on May 24, 2024
Wall Street
The Wall Street or US market tumbled, with Dow Jones recording its worst day, as Nvidia couldn’t lift the broader market. Th…
The worst might be over for Vedanta Resources (VRL) but the London-headquartered firm would face funding shortfalls of $850 million in FY25 and $1.4 billion in FY26, according to a report by CreditSights.
“We continue to expect VRL’s funding access to remain constrained, interest burden to remain elevated, and the company to face funding shortfalls of $850 million (looks manageable) and $1.4 billion in FY25 and FY26, respectively,” it said.
The potential funding avenues that Vedanta could tap into include dividend upstreaming and brand fees from its Indian subsidiary and mining major Vedanta (VEDL) and its operating companies, asset and equity stake sales, or loans, it added.
The benchmark equity index Nifty 50 ended Thursday’s trading session in positive territory to hit an all-time high for the fourth straight session. The 50-stock index rose to a record high of 22,252.50 on February 22. The NSE Nifty 50 closed 162.40 points or 0.74% higher to settle at 22,217.45 points. While S&P BSE Sensex advanced over 500 points or 0.74% to settle at 73,158.24 points. Flipping the trend, Nifty Bank declined 100 points or 0.21% to settle at 46,919.80 points.
On the sectoral front, IT and auto stocks gained the most amongst their peers. The broader indices ended in the green, with gains led by largecap and midcap stocks. Following the trend, the Nifty Midcap 100 also rose nearly 500 points or 1.02% to close the day’s trading at 49…
Boston — A lawsuit was filed Thursday against Hershey, Walgreens and several others in the case of a Massachusetts teen who died after he participated in a spicy tortilla chip challenge that was widely promoted on social media.
Harris Wolobah, a 10th grader from the city of Worcester, died Sept. 1, 2023, after eating the Paqui chip as part of the manufacturer’s “One Chip Challenge.” An autopsy found Wolobah died after eating a large quantity of chile pepper extract and also had a congenital heart defect.
Harris died of cardiopulmonary arrest “in the setting of recent ingestion of food substance with high capsaicin concentration,” according to the autopsy from the Chief Office of the Medical Examiner. Capsaicin is the component that gives chile peppers their heat.…
In May, TIME’s Billy Perrigo traveled to San Francisco to meet with Dario Amodei, the CEO and co-founder of Anthropic, one of the most important artificial intelligence startups in the world. Anthropic and TIME100 Companies, our annual list of the world’s most influential businesses, both were started three years ago. Having Amodei and his company on the cover of this issue speaks loudly about how quickly AI has moved to the top of the agenda of the world’s leading companies, even those that are not in the business of developing it themselves. The rise of Anthropic, valued at $15 billion, also reveals how quickly influence can take shape. A lot can change and fast: only seven companies on this year’s TIME100 Companies list appeared in the 2023 edition.
See th…
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Even iconic companies can endure a grueling identity crisis. AT&T has long been one of the most respected names in corporate America. Many Fortune 100 companies rely on the telecom giant for vital communications infrastructure and it is a leading provider of wireless phone service for consumers, including 5G. It’s a fast emerging player in broadband with a high-quality fiber offering. It is routinely one of the most significant annual investors of capital in the U.S., investing more than $135 billion in its networks and spectrum over the past five years, according to company sources.
Yet for the past six years, AT&T has been…