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Indian market closed in the red on Friday for the second consecutive day in a row. The BSE Sensex and Nifty50 closed flat with a negative bias.
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When Trump ran for president in early 2016, US equities were on shaky footing, posting their worst start to a year since the financial crisis with a drop of more than 5% in January. By the time of his inauguration, the S&P 500 was coming off a 9.5% gain in 2016 after ending 2015 in the red. The index was trading at 17 times projected earnings. The yield on 10-year Treasuries was around 2.5%, and the fed funds rate sat at 0.75%.
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Genpact, a global professional services firm, reported a 13% rise in net income to $133 million for Q3 2024, driven by a 7% increase in revenue to $1.21 billion. The company forecasts continued revenue growth in the fourth quarter and full year, fueled by client demand for its data, technology, and AI solutions.
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