Posts in category Economic Times
Q2 results today: Titan, Dr Reddy’s among 63 companies to announce earnings on Tuesday (05-11-2024)
The second quarter earnings season is in full swing, with 63 companies, including prominent names like Dr Reddy’s, Titan, and Mankind Pharma, set to release their July-September 2024 quarter results today.
Oil edges down ahead of US election, China NPC meeting (05-11-2024)
Oil prices dipped slightly on Tuesday as market participants awaited the results of the U.S. presidential election. The slight decline followed a surge of over 2% on Monday after OPEC+ postponed production increases. The decision eased supply concerns, which had been heightened by rising non-OPEC output and weak demand. Analysts predict prices will remain range-bound in the short term.
Big movers on D-Street: What should investors do with IRFC, IRCTC and Raymond? (05-11-2024)
Indian benchmark indices Sensex and Nifty experienced significant drops, driven by losses in Reliance Industries and banking stocks. Analysts suggest investors monitor IRCTC’s upcoming earnings for potential movement, while IRFC needs to hold above key levels for bullish momentum. Raymond, despite initial losses, showed resilience, with its future trajectory depending on upcoming earnings.
Gold flat ahead of US election and Fed meeting (05-11-2024)
Gold prices held steady on Tuesday as investors awaited the outcome of the U.S. presidential election and the Federal Reserve’s policy meeting. The U.S. presidential race remains tight, while the Fed is widely expected to cut interest rates. Gold is seen as a safe-haven asset during times of uncertainty.
Wall Street slips as uncertainty surrounds U.S. election (05-11-2024)
Some of the so-called “Trump trades” unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the U.S. dollar, Treasury yields and bitcoin. Trump Media & Technology Group closed up 12.37%, bouncing back from early losses of nearly 6%.
GIFT Nifty down 55 points; here’s the trading setup for today’s session (05-11-2024)
The short-term trend of Nifty continues to be down and one may expect more weakness in the short term. The next crucial lower support to be watched is around 23,500, which is the 200-day EMA. Any bounce back from here could find strong resistance around the 24,200 levels, said Nagaraj Shetti of HDFC Securities.
Stocks in news: Titan, Dr Reddy’s, IRCTC, Embassy REIT, Afcons Infrastructure, Dixon Tech (05-11-2024)
Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya.
Govt steps in to pay interest on MTNL bond (05-11-2024)
MTNL informed investors that its debt obligations for the upcoming semi-annual interest payment on its 7.80% bond have been made for Series VIII-C (INE153A08170). The funds were transferred into the designated escrow account on November 4, before the November 7 due date.
Swiggy’s more a bet on Qcomm’s rise than a Zomato 2.0 in the box (05-11-2024)
While the company does not have any identifiable promoter, several institutional investors such as Accel India, Apoletto Asia, Alpha Wave Ventures, DST Euro Asia and Norwest Venture Partners are partially divesting their stakes through the IPO. Proceeds from the fresh issue will be used to repay debt, add dark stores, invest in technology and cloud infrastructure, brand marketing and fund inorganic growth.