Gold prices remained stable. Investors anticipated US inflation figures. These figures will hint at a possible Federal Reserve rate cut. US consumer confidence rose. A ceasefire between Israel and Hezbollah was announced. Key US economic data releases were expected. China’s gold imports dipped. Platinum is predicted to face a deficit in 2025.
Posts in category Economic Times
Stocks waver, dollar slips with focus on tariffs (27-11-2024)
Equities opened higher in Sydney, while dipping in Tokyo and Seoul. US equity futures were little changed after the S&P 500 rose for a seventh day to notch its 52nd record this year. A Bloomberg gauge of the dollar slipped 0.1%, paring some of its strength seen on Tuesday that pressured the Mexican peso and Chinese yuan, among others.
HUL ice-cream can be D-St’s sundae of choice; Main Street must love it, too (27-11-2024)
For HUL, its ice cream segment with brands such as Kwality Walls, Cornetto and Magnum contributes around 3% to its total revenues – translating to nearly ₹1,800 crore in FY24. It is a high-growth business earning mid to high single-digit profitability.
GIFT Nifty up 20 points; here’s the trading setup for today’s session (27-11-2024)
The range-bound price action suggests that this is a brief pause in the overall upmove towards 24,770 – 24,800. Minor degree pullbacks towards the support zone 24,070 – 24,050 should be considered as a buying opportunity, said Jatin Gedia of Sharekhan.
Stocks in news: Indian Oil, M&M, Ola Electric, Dabur, UltraTech, Kotak Bank (27-11-2024)
Indian Oil Corp, India’s top refiner, has maintained its annual crude import deal with Iraq at 21 million tonnes for 2025, a senior company executive said.
Banks’ share of high-cost deposits rises in Q2 (27-11-2024)
The data also showed that while public sector banks were a bit slow in mobilising deposits compared to their private sector peers during the quarter, they were ahead in lending.
Hot Stocks: 3 stocks that may give returns between 22-56% (27-11-2024)
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 22% and 56% as per analysts’ price targets.
Bitcoin retreats from resistance at $100K (27-11-2024)
The difficulty of trying to crack $100,000 for the first time “could convince traders that the top is in, and profits should be locked in now,” wrote Noelle Acheson, author of the Crypto Is Macro Now newsletter. However, any such episode should be “fleeting,” she added.
UBS initiates coverage on Swiggy with a ‘Buy’ rating (27-11-2024)
The risk-reward for the stock is attractive as it is valued at an estimated Enterprise Value (EV) to Revenue of 6.2 times, as against 9 times for Zomato, said the brokerage.