Stocks on the Wall Street moved sharply higher during trading on Friday with major averages showing strong moves to the upside and the Nasdaq and the S&P 500 bouncing off their lowest closing levels in over a month. The Dow surged 654.27 points or 1.6 percent to 40,589.34, the Nasdaq shot up 176.16 points or 1.0 percent to 17,357.88 and the S&P 500 jumped 59.88 points or 1.1 percent to 5,459.10. For the week, the Dow advanced by 0.8 percent, but the S&P 500 slid by 0.8 percent and the Nasdaq slumped by 2.1 percent. All sectors posted gains, led by industrials as 3M soared 23.1%, marking its best day since at least 1972. Investors are preparing for next week’s quarterly earnings reports from four of the Magnificent Seven tech giants: Apple, Microsoft, Amazon, and Meta.
Posts in category Business Standard
ICICI Bank share price target: Stock should re-rate post Q1, say analysts (29-07-2024)
ICICI Bank share price today: Shares of ICICI Bank rose 2.4 per cent to an intraday high of Rs 1,237 per share
Tata Projects reports standalone net profit of Rs 22.21 crore in the June 2024 quarter (29-07-2024)
Sales decline 9.49% to Rs 3605.95 crore
Sidh Management Corporate Services standalone net profit rises 71.43% in the June 2024 quarter (29-07-2024)
Sales decline 50.00% to Rs 0.01 crore
IndiGo slips as Q1 PAT slides 12% YoY to Rs 2,729 cr (29-07-2024)
InterGlobe Aviation’s (IndiGo) fell 2.14% to Rs 4,395.15 after the company’s consolidated net profit declined 11.71% to Rs 2,728.8 crore in Q1 FY25 from Rs 3,090.6 crore posted in Q1 FY24.
Sanofi India stock falls 2% on weak June quarter results; profit falls 16% (29-07-2024)
The fall in the share price came after the pharmaceutical company reported a weak set of June quarter of financial year 2025 (Q1FY25) results.
Broader market outperforms; PSU bank shares in demand (29-07-2024)
At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 222.43 points or 0.27% to 81,555.15. The Nifty 50 index advanced 57.60 points or 0.23% to 24,892.45.
NBCC (India) edges higher after bagging work order from Maharashtra Govt (29-07-2024)
NBCC (India) added 2.49% to Rs 178.95 after the company’s wholly owned subsidiary HSCC (India) received a work contract from Medical Education & Ayush Department, Govt. of Maharashtra, worth Rs 411.45 crore.
Bandhan Bank stock price surges 12% on healthy June quarter earnings (29-07-2024)
Bandhan in annual report said that the Bank will continue to focus on retaining its strength in the microfinance market, it will ensure that the agenda of diversification of the asset book is on track
UltraTech Cement edges higher after board OKs India Cements acquisition (29-07-2024)
UltraTech Cement advanced 0.96% to Rs 11791.05 after the company said that its board has approved the purchase of 32.72% equity stake of the promoters & their associates in India Cements.