Gold and silver prices dipped to a near one-month low following Donald Trump’s victory in the US presidential election. The dollar index and US bond yields surged, pushing precious metal prices lower. Market analysts predict continued volatility in gold and silver prices, influenced by the upcoming US Fed policy meetings and geopolitical factors.
Posts in category Economic Times
Bullish Momentum: 6 stocks with White Marubozu Pattern on November 6 (07-11-2024)
On November 6, six stocks from the NSE large cap pack came to the bullish scanner of “White Marubozu”, according to stockedge.com’s technical scan data.
Reduce Prestige Estates, target price Rs 1,485: ICICI Securities (07-11-2024)
ICICI Securities maintains a ‘reduce’ rating for Prestige Estates Projects, lowering the target price to Rs 1,485. Despite a 43% year-on-year decline in Q2FY25 gross sales bookings, the company maintains its FY25 sales target, driven by upcoming launches in Mumbai and NCR. The brokerage’s revised target price factors in a recent QIP and land acquisitions.
Apollo Hospitals shares surge 6% on 63% YoY jump in Q2 profit (07-11-2024)
Apollo Hospitals’ shares reached a record high after the company announced a 63% surge in Q2FY25 net profit, hitting Rs 379 crore. This impressive performance was fueled by a robust 14% growth in their hospital business revenue, reaching Rs 2,903 crore, and a significant rise in patient inflow, pushing occupancy to 73%.
ETMarkets Smart Talk: Sunrise sectors to watch – Energy Transition and E-Commerce lead India’s investment themes, says Sandip Bansal (07-11-2024)
While we have been lulled into believing that markets should not be volatile—based on the experience of the last few years—volatility is an inherent characteristic of the markets. That said, the volatility was concentrated in October, with broader indices down by around 7% or so.
China’s yuan falls to near 3-month low on weaker fixing, tariff worries (07-11-2024)
The Chinese yuan dropped to a near three-month low against the U.S. dollar due to a weakened official guidance and market concerns about potential higher tariffs on Chinese goods following Donald Trump’s victory in the U.S. presidential election. Trump’s proposed tariff and tax policies are seen as inflationary and likely to keep U.S.
MSCI November rejig: BSE, Voltas among 5 inclusions; India to gain $2.5 billion in passive flows (07-11-2024)
BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty will join the MSCI Global Standard Index, attracting passive inflows of $2.5 billion, with Voltas leading at $312 million. HDFC Bank’s weightage increase will trigger inflows of $1.87 billion. Additionally, 13 stocks will join the MSCI India Smallcap Index, collectively attracting $71 million. India’s MSCI Emerging Market Index weight will rise to 19.8%.
Stocks to buy today: L&T, Wipro among top 6 trading ideas for November 7, 2024 (07-11-2024)
The Indian market is expected to open lower on Thursday due to muted global cues. India VIX fell 7.78%, indicating reduced volatility and possible increased investor confidence. Key resistance levels for the Nifty are at 24,600 and 24,800, while support lies at 24,400 and 24,200. Experts suggest select stock recommendations for short-term traders, including Affle India, Atul, and L&T.
At multi-year highs: 4 stocks witness 5-year swing high breakouts (07-11-2024)
A 5-year swing high represents the highest price a stock has reached within the past five years.
Buy Gland Pharma, target price Rs 1,970: Motilal Oswal Securities (07-11-2024)
Motilal Oswal Securities recommends buying Gland Pharma stock. They predict a target price of Rs 1970. The brokerage expects Gland Pharma’s earnings to rebound over the next few years. This growth will be driven by higher sales of existing products and new product launches. Gland Pharma’s stock is currently trading at Rs 1786.4.