Gold and silver prices slumped in the national capital on Thursday, with the precious metal declining Rs 1,650 and slipping below the Rs 80,000-mark, according to the All India Sarafa Association. Tepid demand by local jewellers amid weak trend overseas as the primary reason behind the fall in prices, traders said.
Posts in category Economic Times
Tech view: Nifty forms long negative candle, minor dips towards 23,800 expected. How to trade tomorrow (07-11-2024)
According to Nagaraj Shetti of HDFC Securities, the short-term market outlook remains uncertain due to ongoing volatility. A substantial upward rally is unlikely until the Nifty crosses the 24,500 mark, with potential support around the 23,800 level on the downside.
Tata Motors Q2 Preview: PAT may rise 30% YoY; revenue to be flat due to muted volumes (07-11-2024)
For the July-September 2024 period, net profit is projected to increase by 30% year-on-year, based on the average estimate of four brokerages. In contrast, revenues are expected to grow only slightly, by 0.5-1% year-on-year, due to subdued volume performance across divisions.
These 5 stocks saw consistently decreasing quarterly EPS (07-11-2024)
Five companies with a market cap above Rs 1,000 crore have shown a consistent decline in earnings per share (EPS) over the past five quarters, indicating ongoing financial challenges, according to StockEdge.com data.
Petronet LNG, Mahanagar Gas among 5 stocks with short covering (07-11-2024)
During Thursday’s trading session, five stocks experienced short covering. This occurs when traders repurchase shares they had previously sold short, often triggered by a change in market sentiment or new information. It typically leads to lower open interest and can push stock prices higher.
Trump win boosts crypto prices. What to expect in the future (07-11-2024)
Trump’s 2024 election win boosts crypto market, with Bitcoin hitting $76,400. Analysts expect a more crypto-friendly regulatory environment under his administration, fostering institutional confidence, mainstream adoption, and sustained growth in digital assets like Bitcoin and Ethereum.
Bank of England cuts main interest rate by a quarter-point to 4.75% but sees higher inflation after Reeves’ budget (07-11-2024)
The BoE predicted that finance minister Rachel Reeves’ budget last week – which entails big increases in tax, spending and borrowing – would boost the size of Britain’s economy by around 0.75% next year but barely improve annual growth rates in two or three years’ time.
Share market update: Most active stocks of the day in terms of traded value (07-11-2024)
The NSE Nifty index closed 284.71 points down at 24199.35
Stock market update: Nifty Bank index 0.77% (07-11-2024)
The Nifty Bank index closed 0.77 per cent at 51916.50.
Stock market update: Sugar stocks down as market falls (07-11-2024)
The 30-share BSE Sensex closed down 836.34 points at 79541.79