Stock Market Today: Infosys has raised its sales forecast for FY25 to 3.75-4.5 per cent, reflecting a revival in demand, particularly in banking and financial services.
Posts in category Business Standard
Market Today: GIFT Nifty sinks, Q2 results, Sinwar killed, Gold tops $2,700 (18-10-2024)
At 6:30 AM, GIFT Nifty Futures were trading about 103 points lower at 24,741, suggesting a gap-down start for Indian markets.
Nandish Shah of HDFC Sec suggests ‘Bear Spread’ strategy on Bank Nifty (18-10-2024)
Short build up is seen in the Bank Nifty Futures, where we have seen 6 per cent rise in the open interest with Bank Nifty falling by 1 per cent.
Nifty Metal, FMCG approaching key support levels; trading strategy here (18-10-2024)
The Nifty Metal Index has been experiencing a downward trend in the near term, as indicated by the recent sharp correction.
Swiss gold exports to India fall to lowest level since Jun on lower supply (17-10-2024)
This year’s 30 per cent gold price rally, which took spot prices to a record high of $2,696.59 per troy ounce on Thursday, has been affecting physical demand in price-sensitive Asian markets
Record outflows: FPI selling this month reverberate covid selloff (17-10-2024)
Previously, record high DII flows for a calendar year were in 2022 when they had pumped in Rs 2.8 trillion, of which Rs 1.86 trillion came from MFs
Gold ETFs inflow up amid rising prices ahead of Dhanteras: ICRA Analytics (17-10-2024)
Inflows in Gold Exchange Traded Funds (ETFs) witnessed a surge in the current calendar year, amid gains in yellow metal prices ahead of Dhanteras.
Inflows into these funds have increased by nearly 88 per cent since the beginning of 2024, totalling Rs 1,232.99 crore in September, ICRA Analytics said in a statement.
Gold prices advanced Rs 450 to hit another record of Rs 79,350 per 10 gram in the national capital on Thursday on the back of continued buying by jewellers and stockists, according to the All India Sarafa Association.
Investors are drawn to gold ETFs due to their liquidity, transparency and global price alignment, which remains firm due to geopolitical headwinds.
Concerns about physical gold storage, purity and theft have also contributed to the growing interest in such funds, ICRA said.
According to ICRA Analytics Senior Vice President and Head Market Data, Ashwini Kumar, the US Federal Reserve’s potential interest rate cut in the coming months is further boosting the .
Govt gets good retail interest in Cochin Shipyard offer for sale: Dipam (17-10-2024)
The government on Thursday said it has received good interest from retail investors in the offer for sale (OFS) of Cochin Shipyard.
Through the two-day OFS, the government sold a 5 per cent stake or 1.3 crore shares in Cochin Shipyard.
Institutional investors on Wednesday over-subscribed the portion reserved for them. The issue opened for retail investors on Thursday.
“The second day of Cochin Shipyard Limited OFS closed with good interest from retail investors. We thank all investors for their participation,” Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on X.
The share sale is likely to fetch about Rs 2,000 crore to the exchequer.
The government currently holds 72.86 per cent of Cochin Shipyard.
Shares of Cochin Shipyard closed at Rs 1,559.80, down 1.81 per cent over the previous close on BSE.
Exchanges to hold special trading session for holdcos on October 28 (17-10-2024)
Sebi had issued the framework to address the gap at which these holdocs are traded and the intrinsic value of their holdings
FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts (17-10-2024)
At Rs 71,441 cr, outflows worst-ever for a calendar month