US stocks fall as growth stocks slide
US stock indexes fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies. Shares of Apple Inc, Microsoft Corp, Facebook Inc, Alphabet Inc, Tesla Inc, Netflix Inc and Amazon.com Inc resumed a fall from the previous week, falling between 0.6% and 2.1% in early trading. The Dow Jones Industrial Average was down 142.78 points, or 0.45%, at 31,351.54, the S&P 500 was down 23.54 points, or 0.60%, at 3,883.17 and the Nasdaq Composite was down 165.59 points, or 1.19%, at 13,708.88.
European shares drop on inflation risk concerns
European shares fell nearly 1% on Monday as hopes of a vaccine-led global economic recovery fuelled a rally in commodities and raised concerns over the risk of higher inflation. The pan-European STOXX 600 index was on course for its worst day this month, led by declines in technology companies and retail stocks.
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“Browse 112 market data Tables and 36 Figures spread through 151 Pages and in-depth TOC on “Sintered Steel Market””
Sintered Steel Market by Type (Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel), Process (Metal Injection Molding, Conventional, Powder Forged, Additive), End-user Industry, Application, Region
The sintered steel market is projected to grow from USD 23.6 billion in 2019 to USD 28.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 3.7% from 2019 to 2024. The rising demand for the metal from various end-use industries such as automotive, aerospace, construction & industrial machinery, and building & construction, and increasing urban population are expected to drive the growth of the sintered steel industry across the globe. Moreover, the cost-effectiveness, eco-friendly, improved product protection, and reduced environmental impact offered by sintered steel manufacturing solutions are leading to their increased adoption across the glo
Ahead of Market: 12 things that will decide stock action on Thursday
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Rohit Singre, Senior Technical Analyst at LKP Securities said, The index has formed a good base near 14,500-14,430 zone and any break below said levels can emerge in more profit booking. Analysts said the index could be in for some consolidation, and believe Nifty testing of the 14,400-14,367 range could put an end to the ongoing strong momentum.
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NEW DELHI: Nifty today touched its fresh all time high, but soon saw a bout of profit booking and settled at almost the same level as the previous close. The headline index formed a bearish candle with a long lower shadow similar to a Hanging man pattern for the day.
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Benchmark NSE Nifty index was trading -24.65 points down at 13735.90 on Monday on account of selling in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: AGC Networks; Bharat Electronics (BEL); Cadila Healthcare; HFCL Ltd; Max Financial Services; Jet Airways (India); Sintercom India; Titan; TCI Express; Narayana Hrudayalaya.
Overall, 16 shares were trading in green in Nifty50 index, while 33 were trading in red in the afternoon trade.
In the Nifty 50 index, Cipla, HCL Tech, Sun Pharma, Infosys and Larsen & Toubro were among top gainers, while M&M, GAIL, ONGC, Indian Oil Corp and Tata Motors were trading in red.
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NEW DELHI: Around 2 stocks fell to touch their 52-week lows on NSE in Wednesday s session.
2 stocks that touched their 52-week lows on NSE were: Sintercom India; Vishal Fabrics. Domestic benchmark index NSE Nifty was trading 69.15 points up at 13637.0, while the BSE Sensex was trading 240.67 points up at 46503.84. On the other hand, Burger King India Ltd., Hind Copper, CG Consumer, Godrej Properties and Deepak Nitrite stocks hit their fresh 52-week high today.
In the Nifty 50 index, HDFC, Divi s Labs, M&M, ONGC and Tata Motors were among the top gainers on the NSE. However, ICICI Bank, UltraTech Cements, GAIL, Eicher Motors and Tech Mahindra were among the top losers.