The major US averages closed in negative territory yesterday. The Dow slid 257.59 points (0.6%) to 41,794.60. The Nasdaq fell 59.93 points (0.3%) to 18,179.98 and the S&P 500 dipped 16.11 points (0.3%) to 5,712.69. Sentiments remained cautious ahead of the US Election outcome. The US Federal Reserve’s meeting is also scheduled for this week, with a 25 basis point rate cut widely expected, following a 50 basis point reduction in September.
The more notable move to the downside by the Dow came as Intel (INTC) and Dow Inc. (DOW) came under pressure following news they will removed from the blue chip index. Nvidia (NVDA) rose on news, replace Intel in the Dow prior to the start of trading on Friday. Paint maker Sherwin-Williams (SHW) also surged higher following news it will replace Dow.
Posts in category All News
US stocks end in red amid cautious moves (05-11-2024)
Apollo Green to launch IPO in 2025; to build Rs 10K cr project portfolio (05-11-2024)
Apollo Green Energy Ltd (AGEL), part of Apollo International Group, on Tuesday said it is preparing for a public listing next year to support its expansion plans and secure new projects.
Also, the company is set to build a Rs 10,000-crore project portfolio by 2025.
“With over 200 professionals and an order book of Rs 3,500 crore, we are focused on delivering projects that meet the nation’s energy needs and promote sustainability. Our upcoming IPO in 2025 will further strengthen our financial base, enabling us to scale our operations and invest in cutting-edge renewable technologies,” Sanjay Gupta, CEO, Apollo Green Energy Ltd, said.
AGEL is a leading Engineering, Procurement, and Construction (EPC) company specializing in renewable energy, providing a range of solutions that includes utility-scale solar, energy storage systems, green hydrogen initiatives, and hybrid power.
Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of solar …
Sundaram Finance Holding – Like a mutual fund of top notch TVS group auto ancilliary companies (05-11-2024)
Can you mention Source please
Oil strategy, Nov 5: How to trade crude oil as Opec+ delays production hike (05-11-2024)
Crude oil price today: Sharekhan remains confident of oil prices heading lower towards $65 in Q1-2025, while in short term, prices could see WTI prices trading in broader range of $75-$66
JK Paper drops as Q2 PAT slips 58% YoY to Rs 129 cr (05-11-2024)
JK Paper fell 1.05% to Rs 452.20 after its consolidated net profit tumbled 57.84% to Rs 128.85 crore in Q2 FY25 as against Rs 305.68 crore posted in same quarter last year.
Bandhan Bank shares 0.94% as Nifty drops (05-11-2024)
A total of 269,072 shares changed hands on the counter till 11:45AM (IST).
Share price of Havells India as Nifty (05-11-2024)
A total of 5,308 shares changed hands on the counter till 11:40AM (IST).