The US Federal Reserve cut interest rates by 0.25%, as anticipated, while keeping an eye on the potential effects of a Trump presidency. The move prompted a relief rally in bonds and a decline in the US dollar. Analysts predict that Trump’s policies will likely increase inflation, potentially leading to a slower pace of rate cuts in the future.
Posts in category All News
Indian Hotels stock jumps 6%, hits 52-week high after Q2 profit up 226% YoY (08-11-2024)
Tata-backed Indian Hotels Company (IHCL) saw its stock surge nearly 6% to a 52-week high of Rs 722 after reporting a 226% YoY profit growth to Rs 583 crore for Q2 FY24. Revenues rose 27.4% to Rs 1,826 crore. EBITDA grew 41.3% to Rs 501.27 crore. IHCL will also manage The Claridges, New Delhi from April 2025.
Infollion Research Services Ltd – Moated Microcap with Differentiated business? (08-11-2024)
What should be done in such scenario?
BEL shares 0.71 per cent in Friday’s trading session (08-11-2024)
The Relative Strength Index of the stock stood at 62.93 on Friday.
Samhi Hotels – Turnaround with Tailwinds (08-11-2024)
Samhi enters into a variable lease for a ready building with 270k SFT built-up area in Hitec City, Hyderabad. Plan is to convert this into an upper upscale hotel with 170-175 rooms.
Share market update: Most active stocks on D-Street today in terms of volume (08-11-2024)
The NSE Nifty index was trading 20.7 points down at 24178.65
Cummins India shares 0.97% as Sensex falls (08-11-2024)
The stock quoted a 52-week high of Rs 4169.50 and a 52-week low of Rs 1692.50.
GSPL slips as Q2 PAT declines 27% YoY to Rs 389 crore (08-11-2024)
Gujarat State Petronet (GSPL) declined 1.51% to Rs 384 after the company’s net profit slipped 26.83% to Rs 389.29 crore on 51.27% fall in revenue from operations to Rs 257.96 crore in Q2 FY25 over Q2 FY24.