In the Nifty50 index, 23 stocks closed in the green, while 27 stocks ended in the red.
Posts in category Economic Times
Stock market update: Mining stocks down as market falls (08-11-2024)
The 30-share BSE Sensex closed down 55.47 points at 79486.32
Sensex sheds 55 points, Nifty dips below 24,150 as realty, PSU, and oil & gas stocks weigh (08-11-2024)
Among Sensex stocks, ICICI Bank, NTPC, RIL, Tata Motors, SBI, Tata Steel and Asian Paints were the top losers, tumbling 1.5-2.7%. Meanwhile, M&M, Titan, Tech Mahindra, Infosys and Nestle India closed in green. As the markets were trying to digest the impact of a Trump presidency from next year, the US Federal Reserve went ahead with a 25 basis point rate cut as expected.
LIC Q2 Results: Profit slips 4% YoY to Rs 7,621 crore (08-11-2024)
LIC Q2 Results: Net premium income during the reporting quarter increased 11% year-on-year (YoY) to Rs 1.19 lakh crore, compared with Rs 1.07 lakh crore in the same quarter last year.
Info Edge Q2 Results: PAT slides 59% YoY to Rs 86 crore; revenue rises 11% (08-11-2024)
Revenue from operations grew 11% to Rs 656 crore in the quarter, up from Rs 593 crore in the same period last year. The recruitment business saw steady growth in Q2, while non-recruitment segments also expanded, reducing operating losses.
Tata Power, Deepak Nitrite among 5 stocks with long unwindin (08-11-2024)
Long unwinding refers to selling positions or stocks held for an extended period, either to secure profits or to exit in anticipation of a bearish trend.
Motilal Oswal upgrades Page Industries stock to ‘buy’ after Q2 results, predicts 20% upside (08-11-2024)
Page Industries reported a 30% YoY rise in Q2 net profit to Rs 195.3 crore and 11% sales growth, beating estimates. Motilal Oswal upgraded the stock to ‘buy’ with a target of Rs 54,000, citing strong demand and e-commerce growth.
Stock market to be shut on November 20 for Maharashtra election (08-11-2024)
The National Stock Exchange (NSE) declared a trading holiday on November 20, 2024, due to the Maharashtra Assembly Elections. This marks the third holiday for traders in November, following Diwali and Guru Nanak Jayanti. The Bombay Stock Exchange (BSE) is expected to follow suit with a similar announcement.