As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Oil prices held steady on Friday following significant Thursday losses. Hopes for a quick resolution to the U.S.-Israeli conflict with Iran diminished after Hezbollah rejected a new ceasefire proposal. Despite this, both Brent and WTI crude benchmarks are on track for their first weekly gain in three weeks.
Oil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. This follows the Hezbollah militia rejecting a new ceasefire in Lebanon. Fighting in the Middle East has caused oil prices to rise this week. Global oil inventories are a concern for the third quarter.
Cement companies saw strong volume growth in Q4 FY26, fueled by construction and government spending. Despite rising costs impacting margins, earnings met expectations. For FY27, demand growth is projected to moderate, with capacity additions likely to constrain pricing power. Companies are focusing on cost efficiencies and premiumization to safeguard profitability.
Quantinuum shares jump 13.3% in their Nasdaq debut, valuing the Honeywell-backed quantum firm at $17.6 billion. Strong investor interest reflects optimism around quantum computing’s long-term potential, despite limited revenues and ongoing losses. The company raised $1.68 billion, though adoption challenges and revenue concentration remain key concerns for investors.
Kansas City Fed President Jeffrey Schmid signaled the central bank may need to consider rate hikes as inflation hovers near 3.5%, staying above target for years. While policymakers could remain patient, rising price pressures linked to tariffs and oil are increasing the likelihood of tighter monetary policy ahead.
Wall Street closed higher with the Dow hitting a record, lifted by easing Iran war concerns and gains in healthcare and financial stocks. However, weak results from Broadcom dragged chipmakers, capping Nasdaq gains. Rising jobless claims and AI-driven layoffs added to uncertainty around economic strength and market valuations.
Innio, the innovative gas engine manufacturer, made a spectacular entrance on the Nasdaq, with its market valuation soaring past $23 billion. The company’s shares opened significantly above their initial offer price, capturing the attention of investors eager to back businesses bolstering AI infrastructure.
Reuters and ‌local media reported â that â the government is considering scrapping the 12.5% capital gains tax on overseas investors and the 20% withholding ​tax on interest earned by foreign investors in government securities.
Marcellus Investment Managers has launched a global equities fund through GIFT City, offering Indian investors access to overseas stocks. The fund targets defence, power, AI-led infrastructure and luxury themes, enabling dollar-denominated investing, diversification and exposure to long-term global growth opportunities.
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