Persistent Systems Limited
NSE: PERSISTENT | Information Technology
Market Fundamentals
Stock Intelligence & News
Fed officials give hints on rate decision as markets cut October rate hike odds
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds, though persistent inflation and upcoming consumer price data could shape the Federal Reserveβs policy decision.
Read Full Analysis βGlobal markets rattled as bond yields surge, offsetting AI-stock optimism
Global bond market volatility led to declines in stock indexes, with the S&P 500 on track for consistent losses. Oil prices rose, contributing to persistent inflation, while economic reports indicated US resilience despite challenges. The 10-year Treasury yield hovered near a 2002 high, raising concerns for real-estate stocks. Technology stocks demonstrated some strength, aided by Micron Technologyβs better-than-expected quarterly profit.
Read Full Analysis βUS Treasury yields hit highest since 2002 as global bond sell-off deepens
Rising energy costs, persistent inflation and stronger growth expectations are reshaping bond markets as investors reassess long-term borrowing costs globally
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UK pound falls to three-month lows as investors fret over rates, oil
The pound has hit a three-month low against the dollar, triggered by mounting economic apprehensions. Investors are anxious about the effects of soaring oil prices and persistent inflation on market stability. The FTSE 100 index has notably declined, reflecting burdens in government borrowing. Prime Minister Andy Burnham and Chancellor John Healey confront escalating gilt yields.
Read Full Analysis βGlobal Market: European shares slide as surging bond yields hit risk appetite
European shares opened the final quarter lower as elevated global bond yields and persistent inflation concerns weighed on investor sentiment. The STOXX 600 fell 1%, with banks among the biggest decliners. Higher energy costs and expectations of prolonged interest rates pressured equities, while softer oil prices offered limited relief to markets.
Read Full Analysis βEuropean natural gas bourses rise as Q4 opens with persistent storage deficits
European natural gas bourses rise as Q4 opens with persistent storage deficits
Read Full Analysis βAnother stock market crash: Nifty, Sensex tank - FII selling, high bond yields, among 5 reasons behind big plunge
Indian equity markets extended losses for the fourth session amid persistent FII selling, high bond yields, a weak rupee, and rising crude oil prices. Nifty and Sensex headed towards a potential eighth consecutive weekly decline, a first since 2001, amid tightening monetary policy concerns.
Read Full Analysis βUS Market: 10-year yield surges to 5.31%, highest since 2007
US Treasury yields reached multi-year highs as a historic bond selloff extended into a seventh session. The 10-year yield touched 5.31%, while the 30-year exceeded 5.65%. Persistent inflation, energy costs, strong AI investment and shifting Fed expectations pressured bonds. Falling oil prices offered some relief, but global yields remained elevated.
Read Full Analysis βGlobal Market: BOJ policymakers see scope for faster rate hikes as inflation pressure builds
Bank of Japan policymakers saw scope for faster interest rate hikes as persistent inflationary pressures raise concerns about price growth exceeding the central bankβs 2% target. A summary of its September meeting showed support for further tightening, although some policymakers argued against rushing and stressed the need to monitor economic developments.
Read Full Analysis βIT Stocks Jump: TCS, Infosys, Coforge, Persistent Systems And Others Surge Up To 3% β Here's Why
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