All Indian ADRs showing signs of Weakness

The US indices ended the day on a mixed note on Tuesday (August 21), with the Dow Jones closing in the negative and Nasdaq ending in the positive.

The Nasdaq ascended on Tuesday as news that the Federal Reserve might bring down its benchmark interest rate shortly, allayed unrelenting worries regarding the credit markets.

The Dow Jones closed down 30.49 points, or 0.23%, at 13,090.86, whereas the Nasdaq Composite closed up 12.71 points, or 0.51%, at 2521.30.

Direct Tax Proceeds Up 44% Till Mid-August

New Delhi: A cheerful securities market, combined with an economy rising at 9 per cent, has resulted in the government accumulating 44.39 per cent extra direct tax receipts till August 15 in the cu

ICICI Prudential AMC Ties Up With United Bank Of India

JSW Steel Acquires Three Jindal Saw US Cos For $900 Million

JSW Steel LtdMumbai: In yet another mega acquirement in the steel segment, JSW Steel has adopted three steel companies in Texas, U.S for $900 million to get a foothold in the North American market.

Stock Market to Remain Weak On Wednesday – Divya Arora

Divya Arora, assistant manager, Karvy Stock Broking told that today selling pressure was seen in the stock markets. There was fear in the market that China might raise the rates of interest that resulted in selling pressure in the Indian market whilst the genuine news of rate increase came after market hour. IT stocks are touching new lows day-after-day. There was some profit booking in the fertilizer stocks.

Sujana Towers gained 20% in weak market

Sujana Towers LimitedSujana Towers has listed at a price of Rs 122.20.

Pages

News in Focus

CME Group Stock Fairly Valued at $245: Morningstar Research

Morningstar has assigned a HOLD rating to CME Group Inc. (NASDAQ: CME), citing its fair valuation and strong business fundamentals.

BTCC Cryptocurrency Exchange Remains Popular Choice Among Asian and US Cryptocurrency Traders due to No KYC Norms

BTCC, established in 2011, is one of the oldest cryptocurrency exchange renowned for its extensive range of assets, minimal fees, and user-friendly interface.

Airbnb Stock Price Overvalued; Fair Value at $132: Morningstar Research

Morningstar has issued a research report on Airbnb Incorporated (NASDAQ: ABNB), maintaining a cautious stance on the stock.

Tencent Holdings Ltd (TCEHY) Stock Price Could Reach $90: Morningstar

Morningstar has reiterated its BUY recommendation on Tencent Holdings Ltd (TCEHY) with a fair value estimate of $90 per share, indicating a 46% upside from its last close of $61.53 (as of February

Mubadala Invests $436M in BlackRock’s Bitcoin ETF; Cryptocurrency Supporters Turn Bullish

In a landmark move for institutional cryptocurrency adoption, Abu Dhabi’s Mubadala Sovereign Wealth Fund has invested $436 million in BlackRock’s iShares Bitcoin ETF (IBIT), positioning itself as t

QTech Games and Upgaming Forge Strategic Partnership to Expand Global Reach

In a landmark deal aimed at redefining content distribution in emerging markets, QTech Games, a globally recognized gaming distributor, has announced a strategic alliance with Upgaming, a leading p