Indian benchmark indices ended relatively flat on Monday, as weak earnings reports and persistent foreign fund outflows weighed on investor sentiment. While IT stocks saw gains, sectors like auto, FMCG, and pharma closed in negative territory. The Indian rupee also hit a new all-time low against the US dollar.
Posts in category Economic Times
Stock market update: Fertilisers stocks down as market rises (11-11-2024)
The 30-share BSE Sensex closed up 9.83 points at 79496.15
Fee-based biz helped Share India grow Q2 numbers; to focus on retail business going forward: Sachin Gupta (11-11-2024)
Share India Securities CEO Sachin Gupta, discusses the company’s strong Q2 performance, attributing its growth to a focus on retail business, margin trading facilities (MTF), and merchant banking. Gupta highlights the success of their institutional desk and outlines plans to expand into wealth management services, including AIF and PMS offerings.
Investors see safety in India as Trump win casts shadow on emerging markets (11-11-2024)
However, India’s strong economic growth, limited exposure to Chinese and the U.S. consumer market, robust local appetite for equities and a central bank devoted to ensuring currency stability will bolster the country’s appeal amid global unease, investors and analysts say.
Significant percentage of young adults prefer to invest in stocks directly rather than MFs: Report (11-11-2024)
Additionally, stocks have emerged as the preferred investment choice, with 45 per cent of respondents favoring them over more traditional options such as fixed deposits or gold, Fin One, an initiative of Angel One Ltd, said in its report.
New Demat account additions drop to 4-month low in October as market declines: Report (11-11-2024)
It also added that the total number of accounts added in October fell to 3.45 million, down from 4.36 million in September 2024. This dip breaks the streak of steady growth in demat accounts, suggesting a possible shift in investor sentiment or market conditions.
Rupee slips to record low but avoids sharp losses on cenbank intervention (11-11-2024)
Dollar demand from oil companies and foreign banks, likely on behalf of custodial clients, kept the rupee under pressure, a salesperson at a foreign bank said.
Navin Fluorine, Aurobindo Pharma among 5 stocks with long unwinding (11-11-2024)
During Monday’s trading session, five stocks experienced long unwinding, wherein traders sell their positions or stocks that have been held for an extended period, either to lock in profits or to exit in anticipation of a potential decline in the market.
Vedanta Q2 Results: Company is back in black with Rs 5,603 crore net profit, aims to cut more debt (11-11-2024)
Vedanta aims to reduce its debt-to-operating profit ratio to below 1 in two years. The company reported a net profit of ₹5,603 crore in Q2FY25, with a 44% YoY increase in operating profit. Net debt fell to ₹56,927 crore, and the company is optimistic about a stronger second half of the year.