30/09/2024
🔔 DreamLadder Capital’s Market View - September 30, 2024 🔔
Here’s a quick recap of today’s top market events:
📊 US Market:
* Dow Jones hit a record high, up 0.33%
* S&P 500 and NASDAQ closed lower, down 0.13% and 0.39% respectively
* Positive inflation data suggests a potential 'soft landing' for the Fed
🌏 Asian Markets:
* Japan’s Nikkei fell 4%
* Chinese markets rallied, with the Hang Seng up 2.3% and CSI 300 up 3.9%
* China’s PMI came in at 49.8, signaling a possible stabilization
💰 Commodities:
* Brent crude finished 0.5% higher at $71.9 per barrel but down 3% for the week
* WTI crude fell 5% this week
📈 Indian Market:
* Nifty 50 closed 0.14% lower, Sensex down 0.31%
* Despite this, both indices wrapped up their third consecutive week of gains
* Sectors like Oil Marketers, Auto, and Metals led the market
🏢 Corporate Updates:
* IDFC Ltd will merge with IDFC First Bank
* Akriti Chopra, Zomato’s Chief People Officer, has resigned
* IndusInd Bank reappointed Sumant Kathpalia as CEO for another three years
https://youtu.be/12akRjoJDdA
Stay tuned for more insights and analysis every day!
\Welcome to DreamLadder Capital’s Market View for September 30, 2024! In this video, we cover all the essential global and Indian market updates you need to ...