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Stock Market LIVE: Indices to start on muted note; SGX Nifty trades flat

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Instilling confidence that the current bank crisis will not devastate the economy has been made easier by the coercive actions taken by regulators all over the world. Additionally, traders have begun speculating that the Federal Reserve will soon be required to reduce interest rates. Such a reduction can provide relief after a year of consecutive rate increases.

31 March 2023, 7:22:33 IST

Nestle eyes $1 billion deal to acquire ‘Ching’s Secret’ owner in India

According to people familiar with the situation, Nestle SA, the largest food conglomerate in the world, is one of the final bidders vying to acquire Capital Foods Pvt in India to expand its presence in the rapidly expanding economy. Said.

People who requested anonymity because the information is confidential said that the Swiss company is discussing the terms of a possible deal for Mumbai-based Capital Foods. Capital Foods is based in Mumbai. According to the individuals, the Indian company would probably be worth more than $1 billion in any transaction.

Spicy noodles and fusion sauces known as “desi Chinese” flavors are manufactured by Capital Foods under the Ching’s Secret brand name. Smith & Jones cooking paste and spice mixes are also available there. Understand more)

Walk 31, 2023, 07:21:51 AM IST

Chip shortage prolongs wait for hot models

Due to a shortage of semiconductor chips, India’s passenger car industry is expected to produce 10-15% less cars than planned in March. This could mean longer wait times for popular models from Maruti Suzuki and Mahindra & Mahindra.

Customers have had to cancel bookings or purchase off-the-shelf products from rival brands as a result of the aggravatingly long waiting times for popular models. According to experts in the field, as a result, some customers are choosing older vehicles or less popular models with fewer features, which results in cancellations and a decrease in demand. Continue reading) March 31, 2023, 07:20:32 IST

US stocks cruise to winning March as Wall Street fears subside

The key health index is on track for a month of wins as stocks rose on Thursday as Wall Street saw a little less fear.

For the fifth time in six days, the S&P 500 gained 23.02 points, or 0.6 percent, to 4,050.83. That is a sharp new development after it battled in before weeks over worries the financial framework was breaking under the heaviness of higher loan costs.

The Nasdaq Composite gained 87.24, or 0.7%, to 12,013.47, while the Dow Jones Industrial Average gained 141.43, or 0.4 percent, to 32,859.03.

Instilling confidence that the current crisis affecting banks will not devastate the economy like the 2008 financial crisis has been made easier by the coercive actions taken by regulators worldwide. Additionally, traders have begun speculating that the Federal Reserve will soon be required to reduce interest rates. After a year of consecutive rate hikes, such cuts can provide relief and boost the market.

Sure, some Wall Street professionals are wary due to the recent excitement.

“Markets are pricing in the best of both worlds:” said Barclays analysts led by global president of research Ajay Rajadhyaksha. a recession in which corporate earnings do not fall quickly while inflation remains low and interest rates remain low.”

They are skeptical and believe that US stocks and bonds are excessively expensive.

Treasury yields in the bond market have edged lower as traders bet the Federal Reserve will have to ease interest rates after the Silicon Valley bank became the second-biggest US bank failure in history. ( AP)

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