Ahead of Market: 12 things that will decide stock action on Thursday
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Sensex slipped below the 52,000 mark, while Nifty ended below the crucial 15,550 level.
Nifty traded in a wide range of 233 points in a volatile session and formed a bearish candle on the daily chart.
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NEW DELHI: Domestic equity indices opened in the green on Wednesday, but erased all gains in the afternoon session amid selling pressure across sectors. Sensex slipped below the 52,000 mark, while Nifty ended below the crucial 15,550 level.
Nifty traded in a wide range of 233 points in a volatile session and formed a bearish candle on the daily chart. Analysts said the index was forming indecisive candles for some time, which suggested more weakness in the coming days. Will Nifty get past the key resistance level of 15,800 or will it slip further?
Will the easyJet share price bounce back?
More on: Image source: London Luton Airport
Last week’s decision to put Portugal on the amber list for UK travellers was a big disappointment for
easyJet (LSE: EZJ). But markets had already turned cautious on airlines the easyJet share price fell steadily for most of May.
The airline’s shares have fallen by nearly 10% over the last month, trimming the stock’s 12-month gain to 15%. Travel restrictions may continue a while longer, but easyJet has plenty of cash on hand to survive short-term setbacks is now the right time for me to buy the stock?
European stocks steadied near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week. The pan-European STOXX 600 index slipped 0.1% in morning trade, but stayed just short of a record high of 455.66 hit in .
FTSE firms call for audit reform delay FTSE firms call for audit reform delay Survey reveals over two-thirds want to delay implementing reform by two years
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68 percent of senior finance professionals from UK-listed firms believe the government should delay implementing reforms to audit and corporate governance by two years, according to a survey by audit technology firm Galvanize.
The report collated responses from 250 UK-listed companies, including 40 from FTSE 100 businesses. On average, respondents called for a two-year delay, but a third (34 percent) preferred a three-year delay to the reforms.
“With or without a delay in this reform, there’s no question that Brexit and the pandemic have already strained business and this will only add further pressure,” Keith Fenner, international managing director at Galvanize said in a statement.