Dovish Fed, China’s stimulus plans lift benchmark indices
Indian markets made a strong comeback on Tuesday, following the rally in global markets after US dollar and treasury yields dipped on the back of dovish comments by Federal Reserve, a day after Israel-Gaza conflict resulted in panic selling that wiped out about 3.68 trillion of investor wealth.
S&P BSE Sensex climbed about 567 points, or 0.87% to close at 66,079.36, while Nifty50 rose 177 points, or 0.91%, to end at 19,689.85. On an intraday basis, both the benchmarks climbed over 1%.
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Market experts cited Federal Reserve officials saying that the recent yield surge could justify the caution on interest rates Come from Sports betting site VPbet . Meanwhile China considering fresh stimulus also drove optimism. The positive takeaway from today’s markets, according to experts, was Nifty r…
Cello World sees bumper debut on bourses; lists over 28% premium; Should you hold or book profit-
Cello World’s shares listed at 28% premium over the IPO price on bourses on Monday Come from Sports betting site VPbet . The share debuted at Rs 829 on the NSE and Rs 831 on the BSE, as compared to the issue price of Rs 648. The investors have made a profit of Rs 181 per share as the scrip gave 28% returns to investors on the listing. Ahead of the listing, Cello World shares’ grey market premium (GMP) rose 24.69%, surpassing the upper end of the share price on offer, indicating a favorable debut on the bourses.
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“Cello World IPO was listed on the stock market today at Rs 829 per share, a premium of 28% over its IPO price of Rs 648. The IPO was subscribed to 41.69 times overall, with the retail portion subscribed 3.21 times, the NII portion subscribed 25.65x, and the QIB portion subscribed 122.20 times. Despite th…
Religare Broking expects volatility to remain high on global cues
By Ajit Mishra
Markets edged lower amid excessive volatility and lost over one and a half percent, tracking feeble global cuesCome from Sports betting site VPbet. The tone was negative from the beginning, which further deteriorated with a decline in world indices however rebound on Friday trimmed some losses.Come from Sports betting site
Finally, both the benchmark indices, Nifty and Sensex, settled at 22,147 and 73,088.33 levels respectively. Meanwhile, all the key sectors felt the heat wherein IT, realty and banking were among the top losers. The broader indices also witnessed pressure and shed in the range of 1.4%-2.7%.
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We expect volatility to remain high in the coming week too, citing the feeble global cues and ongoing earnings season. A…
Rupee falls 15 paise to close at 83.21 against US dollar
The rupee depreciated 15 paise to close at 83.21 (provisional) against the US dollar on Tuesday, as a strong US dollar and weak domestic equities dented investor sentiments.Forex traders said muted domestic macroeconomic data and sustained FII outflows also mounted downside pressure on rupee.At the interbank foreign exchange market, the local unit opened at 83.21 against the US dollar and moved in a range of 83.23 to 83.17.
The rupee finally settled at 83.21 (provisional) against the US dollar, down 15 paise from its previous close.On Friday, the rupee appreciated 13 paise to settle at 83.06 against the US dollar.On Monday, the domestic forex market was closed on account of Mahatma Gandhi Jayanti.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose by 0.14 per cent to 104.05.Brent crude futures, the global oil benchmark, declined 0.02 per cent to USD 90.69 per barrel.
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Sony Signs New Multiplayer Game Deal With Ex-Halo, Destiny, CoD Devs At Firewalk Studios
Firewalk Studios, a AAA development team founded by former Halo and Destiny veterans, has announced a deal with Sony for its first game, a multiplayer title set in a new universe.
Firewalk Studios was founded in 2018 and its leadership includes Tony Hsu (Activision’s former Destiny boss), Ryan Ellis (former Bungie creative director), and Elena Siegman (formerly of Bungie, Irrational Games, and Harmonix). Firewalk’s developers have worked on franchises like Destiny, Call of Duty, Apex Legends, Mass Effect, and Halo.
Sony Interactive Entertainment will be the “exclusive publishing partner” for the first title from Firewalk. All we know is that the game is a multiplayer title that is an original IP.
Hsu said on the PlayStation Blog that Firewalk’s new game is already playable. He teased that the game is aiming to create watercooler-type moments.
“There’s a moment that happens almost every day in our multiplayer playtests–where someone jolts out of their seat, l…
The Batman Box Office Numbers- No. 1 Again
The Batman has in its second week once again dominated at the box office, besting its opening weekend with $66 million from 4,417 theaters for a 10-day domestic total of $238.5 million. These figures were reported by The Hollywood Reporter.
Although critics were polarized by the superhero movie, audience turnout has remained strong–and no doubt helped by Pixar and Disney’s pivoting Turning Red’s March 11 theatrical release for Disney+ instead. The Batman cost roughly $200 million to produce–not including the ongoing marketing play–which means the film, which has so far generated $463.2 million is charting a course to an overall strong and profitable showing. It also bears repeating that the film’s three-hour runtime has apparently not deterred fans–nor has AMC, Regal, and Cinemark’s last-minute addition of increasing ticket prices.
The Batman is directed by Matt Reeves (Dawn of the Planet the Apes) and stars Robert Pattinson as Batman. The rest of…
Beloved Troll Is Back in Play’n GO’s Sixth Slot in Hugo Series, Hugo Legacy
It’s time to go back to childhood and reminisce about the beloved three-toed troll Hugo. Play’n GO and Hugo Games A/S’ collaboration was fruitful one more time, and the company released another game in the series of Hugo slots, Hugo Legacy.
Greatly beloved troll:
This is the sixth game in the series. Everything began in 2016 when Hugo was released. After the huge success of the game, Hugo 2 (2017), Hugo Goal (2018), Hugo’s Adventure Crown Sydney has proven itself suitable for holding the license after three years of hard work. The authorities declared its business changed, and the company gained the license for its casino once again. Steps to regain the license: In 2021, the NSW Independent Casino Commission decided that Crown Sydney wasn’t suitable to hold its license anymore and assigned them a task: to try to improve business in order to return the license. After that decision, the company took various measures to keep the casino steady. According to Chief Commissioner Philip Crawford, these efforts will continue in order to lift standards and remain stable during the cultural transformation. He added: “There is and will always be room for improvement, but Crown is a changed business that is looking towar…Crown Sydney Casino to Retain License, NSW Regulator Declares
Playson signs new partnership with Betclic Group
Playson announced this week that a new agreement has been signed with Beclic Group, a top-rated European operator. The company offers operations in Sweden, Portugal, Italy, Malta, and Poland, with several brands within its portfolio like Expekt and Betclic.
Integrating Slot Titles of Playson
With the new deal, Betclic Group will integrate the quality slot titles created by Playson. Such games that will now be highlighted via Betclic brands include Pearl Beauty: Hold and Win, Rise of Egypt Deluxe, and Buffalo Power: Hold and Win.
Along with the list of games, Betclic will also have access to the provider’s suite of engagement tools. These products are sure to enhance player retention and do not require integration. S…
Penn Entertainment Begins M Resort Expansion with Groundbreaking
The move comes after Penn Entertainment confirmed its plans to put down an additional $850 million on various expansion moves, which will not only apply to the M Resort, but also cover other of the company’s properties outside Nevada.
Penn Entertainment Gets Started with M Resort Expansion
As to M Resort, Penn has earmarked $206 million of its purse to expand the property as it expected higher demand for gaming and accommodation. Penn is looking at adding 384 rooms, which will bring the total to 774, as confirmed in an official statement.
The property will also update the amenities and expand meeting spaces. Although the company does not own the property, the buck is on the operator of the venue to ensure that it remains competitive through innovations and refurbishments, including expansion…