Worldwide Investors and the general public in the country are eagerly awaiting LIC’s entry into the stock market. The IPO bid starts on May 4. The IPO of India’s largest life insurance company is sure to be a milestone in Indian financial history. The IPO of the world’s fifth-largest life insurance company is also being watched by foreign investors. Although the IPO was delayed due to the economic instability created by the Russia-Ukraine war, every Indian is worried and hopeful regarding how the market will react following the IPO. Fears of a major downturn in the Indian market with the sale of LIC shares have been lingering since the IPO was announced. Extreme levels of flood danger were announced in at least two places. At the same time, there are many who believe that more people will open demat accounts and invest in stocks through the IPO of the country’s largest life insurance company, which will further strengthen the market. In any case, there is no doubt that the coming days in the market will be crucial.
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May 4, 2022
‘He’s going to smash him to bits’: Bernard Hopkins gives a categorical prediction for the Canelo-Bivol fight
written by Alexandra Hartman Editor-in-Chief
Legendary American boxer Bernard Hopkins is sure that the undisputed world super middleweight champion Saul Alvarez will defeat WBA Super light heavyweight title holder Dmitry Bivol.
“He’s going to smash him to bits, mashed potatoes will be all over the ring. I won’t name names. But are the audience really excited? Yes, they’re interested to see where Canelo is mentally and physically, if he can stay on top like he used to. That’s it. , what are we waiting for.
If Canelo didn’t have all of his attributes and talents, then Bivol’s size and power would be his advantage, but that’s not the case. We talk regarding fantasy if we don’t talk regarding it. This is fantasy. For me and others who agree with me, everything is very one-sided. The question is what Canelo wants to do, not what Bivol will do,” Bernard Hopkins said.
Recall that the fight between Alvarez and Bivol will take place on May 7 in Las Vegas, Nevada.
New York Stock Market: Dow closed up 67.29 points | RYT9
written by Alexandra Hartman Editor-in-Chief
The Dow New York Stock Exchange closed higher on Tuesday (May 3), boosted by investors buying energy and banking stocks. Before the Federal Reserve (Fed) announces its resolution on Wednesday, US time. or in the early morning of Thursday, Thai time
The Dow Jones Industrial Average closed at 33,128.79, up 67.29, or +0.20%, the S&P 500 closed at 4,175.48, up 20.10, or +0.48%, and the Nasdaq closed at 12,563.76, up 27.74, or +0.22%.
Trading conditions on the New York Stock Exchange remain volatile. The three major indices fell in the first period. Before closing, the market rebounded due to buying pressure. While investors are keeping an eye on the outcome of the Fed’s monetary policy meeting, which will be announced at 1:00 a.m. on Thursday, May 5, Thai time. Before Fed Chairman Jerome Powell will hold a press conference at 1:30 a.m. time.
The CME Group’s FedWatch Tool indicates that investors are weighing almost 100% on the Fed’s 0.50% interest rate hike at this meeting. This will be the first time since 2000 that the Fed has raised interest rates by 0.50%.
Investors are also keeping a close eye on whether the Fed will raise interest rates while reducing the balance sheet. (QuantitativeTightening : QT) in this meeting? After US inflation hit the highest level in 40 years.
Nine of the 11 stocks calculated in the S&P500 index closed in positive territory. The energy index was up 2.9 percent, Exxon Mobil was up 2.06 percent, Chevron was up 1.76 percent, ConocoPhillips was up 3.12 percent, and Halliburton was up 2 percent.
Banking stocks rose 1.3 percent, led by Citigroup up 2.83 percent, JPMorgan was up 2.14 percent, Goldman Sachs was up 1.37 percent, Bank of America was up 2.74 percent and Wells was up 2.74 percent. Fargo rose 1.12%.
Pfizer shares rose 1.97 percent following the company reported first-quarter earnings per share of $1.62, beating analysts’ expectations of $1.47, helped by revenue from the sale of a number of coronavirus vaccines. $1.32 billion and $1.5 billion in sales of Paxlovid in the quarter.
Paramount Global fell 1.29 percent following the company posted first-quarter revenue of $7.33 billion. Below expectations of $7.38 billion.
Shares of U.S. cosmetics giant Estee Lauder fell 5.8 percent following the company cut its fiscal 2022 profit forecast on the impact of the lockdown in China to curb the spread of the epidemic. Covid-19 and the impact of the Russo-Ukrainian War
Investors keep an eye on the US non-farm payrolls for the month of April. The US Department of Labor will release the information on Friday. While analysts predicted that 390,000 jobs will increase in April and the unemployment rate will drop to 3.5%.
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