The Indian rupee is depreciating against the US dollar. The dollar index is strengthening. Experts believe the rupee may depreciate to 84.50 against the US dollar. The Reserve Bank of India may intervene if the rupee depreciates beyond this level. A weaker rupee is good for exports but will make imports costlier. This will impact the fiscal deficit.
Posts in category Economic Times
Sagility India IPO allotment likely today. Check status, GMP, listing date and other details (08-11-2024)
Sagility India IPO allotment results will be out today. Investors can check their allotment status on the BSE website or the registrar’s website, Link Intime India. The IPO received a decent response with an overall subscription of 3 times. The company’s shares are expected to list on exchanges on November 12.
Ola Electric shares in focus ahead of Q2 results today (08-11-2024)
Ola Electric, which recently went public, is set to release its quarterly results amidst a falling stock price. The company has faced challenges including consumer complaints and declining market share. Despite efforts to address these issues, analysts remain cautious, citing slower-than-expected market penetration and ongoing service concerns.
These 2 stocks to trade ex-dividend on Monday. Last chance to buy for eligibility (08-11-2024)
T D Power Systems and DCM Shriram have set November 11 as the record date for their announced dividend payouts. Investors looking to receive dividends from these companies have until today to purchase shares. T D Power Systems announced an interim dividend of Rs 0.60 per share, while DCM Shriram declared an interim dividend of Rs 2 per share.
Vedanta to announce Q2 results today. Here’s what to expect (08-11-2024)
Vedanta will release its July-September 2024 quarterly results later today. The company is expected to report a profit compared to a loss in the same period last year. Analysts predict a profit between Rs 2495-2600 crore, attributing the turnaround to higher base metal prices.
Q2 results today: SBI, Tata Motors among 152 companies to announce earnings on Friday (08-11-2024)
Over 150 companies, including major players like SBI, LIC, Tata Motors, and Vedanta, are set to release their July-September 2024 quarter results today. SBI is predicted to show single-digit growth in net interest income, while Tata Motors is expected to see a 30% rise in net profit despite muted revenue growth.
Nissan shares slump after unveiling plan to cut jobs, production (08-11-2024)
Nissan Motor’s shares plummeted by 10% after the company announced plans to slash 9,000 jobs and 20% of its global production capacity. This decision comes amidst declining sales in China and the United States. The automaker also reduced its annual outlook by 70% and withdrew its net profit forecast, citing restructuring efforts to combat the downturn.
Nvidia surpasses $3.6 trillion market value after Trump win (08-11-2024)
Nvidia reached a historic $3.65 trillion market value, becoming the first company to surpass this threshold. This achievement was fueled by a broader market rally following Donald Trump’s election victory, which spurred optimism about potential tax cuts and deregulation.
Gold extends gains on Fed rate cut, but heads for weekly fall (08-11-2024)
Gold prices edged up slightly on Friday, extending gains following the Federal Reserve’s widely expected interest rate cut. The Fed’s decision was influenced by a cooling labor market and steady economic growth. Despite the recent uptick, gold prices were still down nearly 1% for the week.