Indian equity indices surged on Wednesday, marking their biggest gain in over six weeks following Donald Trump’s U.S. election victory. The Nifty 50 rose 1.12%, and the Sensex gained 1.13%. Analysts see this as a short-term boost, signaling potential trend reversal.
Posts in category Economic Times
Tesla shares soar 14% as Trump win sets stage for Elon Musk’s electric vehicle company (06-11-2024)
Tesla stands to make significant gains under a Trump administration due to its size, with the expectation that subsidies for alternative energy and electric vehicles will be threatened.
Kansai Nerolac Paints Q2 Results: PAT drops 27% to Rs 130 crore (06-11-2024)
In terms of half-yearly accounts, Kansai Nerolac booked net revenues to the tune of Rs 3,914 crore, near similar to what it booked in the corresponding period of the previous year.
Tata Steel Q2 Results: Co back in black as against loss in year-ago period (06-11-2024)
The steel-maker’s consolidated net profit for Jul-Sep stood at Rs 759 crore as against a loss of Rs 6,511 crore a year ago. Consolidated turnover, though, fell to Rs 53,905 crore from Rs 55,682 crore a year ago.
Apollo Hospitals Q2 Results: Net profit rises 63% to Rs 379 crore (06-11-2024)
The company reported net profit of Rs 233 crore in the corresponding quarter of the previous year.Revenue grew 15% YoY to Rs.5,589 crore in Q2FY25.
Rupee weakens to 84.28 against US dollar on Trump’s return to power (06-11-2024)
In relative terms, however, the rupee’s 0.2% decline through the day was modest in comparison with competing Asian monetary units where the US holds a disproportionate share in their respective merchandise exports. Thai Baht depreciated the most at 1.8%, while the Chinese Yuan slumped 1.2%.
Jindal Steel Q2 Results: Profit slumps 38% to Rs 860 crore on lower volumes, steel prices (06-11-2024)
Jindal Steel and Power’s profit dropped 38% in the September quarter to Rs 860 crore, impacted by lower steel prices and reduced sales volume. Consolidated revenue also fell 8% to Rs 13,205 crore, with an 8% decline in sales volume.
Indel Money’s NCD issue oversubscribed 1.5 times, attracting Rs 117.38 crore (06-11-2024)
Indel Money’s NCD issue, offering a yield up to 13.44%, was oversubscribed 1.5 times, attracting bids worth Rs 117.38 crore. The issue, which opened on October 21 and closed on November 4, will likely be listed on BSE after November 11.
Market Trading Guide: Syngene, Kalyan Jewellers among 4 stock recommendations for Thursday (06-11-2024)
Nifty opened strong on Wednesday and continued to inch upwards on short covering in tech, metal, and auto sectors. A close above 24500 can trigger further upside towards 24700. Support is at 24360/24280.
S&P 500, Dow open at record high as Donald Trump wins US presidency (06-11-2024)
The S&P 500 and the Dow scaled all-time highs on Wednesday, while the Nasdaq also jumped, as Republican Donald Trump won the 2024 U.S. presidential election in a remarkable comeback four years after he was voted out of the White House.