US stocks today: S&P 500, Nasdaq post best quarter since 2020 despite Iran war

Indian markets closed the quarter on a high, mirroring global trends with significant gains for the S&P 500 and Nasdaq, driven by optimism around economic and earnings growth. Despite geopolitical tensions, particularly concerning the Middle East conflict, investor sentiment remained robust. Technology stocks led the charge, with the Nasdaq celebrating a substantial 21% surge fueled…

Clearing Corporation of India receives European Securities authority recognition

The European Securities and Markets Authority has granted essential recognition to India’s Clearing Corporation, putting an end to a prolonged dispute. This groundbreaking approval allows the Clearing Corporation of India Ltd (CCIL) to operate under the Reserve Bank of India’s regulations, an important advancement for European banks. By signing a memorandum of understanding, this resolution…

US Stocks: Oppenheimer makes rare cuts to top US investment banks, backs alternative asset managers

Oppenheimer has downgraded major U.S. investment banks like Goldman Sachs and Morgan Stanley, citing limited upside despite a positive environment. The brokerage advises selling these large-cap banks and instead investing in alternative asset managers, whose shares have seen a significant sell-off. Oppenheimer believes investment banks are in the late stages of an expansionary cycle and…

European Securities authority approves recognition for India clearing corporation

The European Securities and Markets Authority has granted essential recognition to India’s Clearing Corporation, putting an end to a prolonged dispute. This groundbreaking approval allows the Clearing Corporation of India Ltd (CCIL) to operate under the Reserve Bank of India’s regulations, an important advancement for European banks. By signing a memorandum of understanding, this resolution…