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Epack Prefab Technologies shares surged over 10% after the company reported a 24% year-on-year rise in June-quarter revenue, supported by strong project execution and regional expansion. While margins softened due to higher input costs, the company expects them to recover in the coming quarters as capacity additions and a healthy order book support growth.
India’s new Closing Auction Session (CAS) witnessed expected Day 1 adjustments, including concentrated liquidity and temporary futures-cash divergence. The article argues these teething issues are typical of global market transitions and should ease within a few sessions as participation deepens, improving price discovery for benchmark closing prices.
The first coordinated US-Japan yen-buying intervention in 15 years has triggered a sharp rebound in the Japanese currency, squeezing bearish positions. However, analysts believe lasting gains will depend on the Bank of Japan backing the move with interest rate hikes, as the US-Japan yield gap remains the key driver of yen weakness.
South Korea plans to tighten restrictions on single-stock leveraged ETFs as regulators seek to curb speculative retail trading and reduce market volatility. The latest measures, including a proposed investment cap, come after trading activity in the high-risk products showed signs of cooling following earlier regulatory steps.
Wall Street rallied sharply on Monday, with the Dow hitting a record high as easing oil prices and strong tech earnings lifted investor sentiment. The Dow gained over 1%, while the Nasdaq surged more than 2% and the S&P 500 rose 1.5%, nearing its record high.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…