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 Business Standard
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 …
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.
Solar Inds bags explosives supply contract from Singareni Collieries Co (05-11-2024)
Solar Industries India said that it has received an order worth Rs 887 crore from Singareni Collieries Company for supplying of SME explosives, LDC explosives and initiating systems for blasting of overburden.
Nifty slides below 23,950; pharma shares decline for 2nd day (05-11-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex fell 233.84 points or 0.30% to 78,547.28. The Nifty 50 index lost 71.75 points or 0.30% to 23,923.60.
IRCTC Q2 PAT rises 4% YoY to Rs 308 cr; declares interim dividend of Rs 4/- share (05-11-2024)
Indian Railway Catering and Tourism Corporation’s (IRCTC) consolidated net profit rose 4.47% to Rs 307.87 crore in Q2 FY25 as compared with Rs 294.68 crore posted in Q2 FY24.
NSE delivers strong Q2 performance, revenue and profit jump (05-11-2024)
On a standalone basis, total income increased 35% YoY to Rs 5,297 crore, and net profit surged 64% YoY to Rs 2,954 crore. Operating revenue increased by 19% YoY to Rs 4,042 crore in Q2 FY25. It posted an operating EBITDA margin of 64% for Q2 FY25 compared to 54% in the corresponding quarter last year. The net standalone profit margin stood at 56%.
Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18% (05-11-2024)
The engineering division of Tube investment clocked a revenue of Rs 1,323 crore compared to Rs 1,274 crore in the corresponding period in the preceding fiscal
ABB India stock falls 5% as September quarter results miss Street estimates (05-11-2024)
The fall in ABB India share price came after the company’s Q3CY24 results fell short of street expectations