Posts in category All News
Oil little changed as investors eye impact of storm Beryl on Texas (08-07-2024)
Oil prices held steady with Texas ports closed for Tropical Storm Beryl, a potential Category 2 hurricane. Brent at $86.65, WTI at $83.08. Analyst Tony Sycamore cited power outages, inventory draws, and rate cut hopes from easing inflation. Energy Information Administration data showed weekly draws, with unchanged Baker Hughes rigs. Key ports Corpus Christi and Houston closed.
Odisha: BJD makes organisational rejig after election debacle (08-07-2024)
Following the defeat in recently held Assembly and Lok Sabha elections in the state, Biju Janata Dal (BJD) President Naveen Patnaik on Sunday issued orders for restructuring the BJD.
Euro eases on French poll gridlock, dollar sluggish after US payrolls (08-07-2024)
Euro slipped post-French election with a hung parliament favoring left-wing alliance and Macron. Le Pen’s party lagged. Weak U.S. payrolls hurt dollar, upping Fed cut odds. Yen rose to 160.70 yen, sterling hit a 3-1/2-week top post-Labour Party win. Bitcoin fell amid Mt. Gox woes; dollar index at 104.97 amid CME Group’s Fed cut odds.
Tech View: A break above 24,500 could take Nifty to 25,000 (08-07-2024)
Technical indicators suggest the current up-trend in Nifty is likely to continue, with any decisive breakout above 24,500 potentially indicating a move towards the 25,000 milestone, analysts said. Stocks recommended by analysts for trading this week include Reliance Industries, SBI, HAL, L&T, BHEL, Bharat Dynamics, Aurobindo Pharma, Apollo Hospitals, Deepak Nitrite, Lupin, Marico, and ONGC.
Market outlook July 08: GIFT Nifty hints at quiet start; Asian shares tepid (08-07-2024)
All you need to know before Indian stocks open for trade on Monday: Globally, bets on a US Fed rate cut rose on Friday post the jobs data; Asian shares traded with marginal losses this morning.
Asia shares inch higher as investors confident about US Fed’s Sept rate cut (08-07-2024)
Oil prices gained on strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes
Dealmaker DAM Capital Advisors plans public issue (08-07-2024)
DAM Capital, led by Dharmesh Mehta, targets an IPO within six months, highlighting Mumbai's investment-banking growth. Managed by Nuvama Investment Banking, the IPO includes fresh capital and an offer for sale. DAM Capital, with significant public issues, QIPs, and secondary-market block deals, plans wealth management, PMS, AIF, retail broking to rival ICICI Securities and Motilal Oswal.
Skydance Reaches Deal to Merge With Paramount (08-07-2024)
The deal, approved by Paramount’s board, would usher in a new chapter for the company, which owns CBS and the movie studio behind “Top Gun.”
Time to buy? Apollo Hospital takes support above 200-EMA on daily charts: Shitij Gandhi (08-07-2024)
On this season of corporate earnings, Nifty50 companies likely to give solid show (08-07-2024)
Nifty 50 companies expect double-digit June revenue, profit growth, with net profit up 26.4% and 20.6% operating margins. Noted sectors' improvements, geopolitical concerns, Maruti Suzuki's volume growth, credit growth issues, moderate inflation effects, and rural consumption. Analysts predict 13% and 17% EPS growth in FY25 and FY26.