Indian benchmark equity indices opened higher for the third straight session on Tuesday, led by gains in financial and IT stocks. This followed US President-elect Donald Trump’s pledge to impose tariffs on imports from Canada, Mexico, and China, impacting global markets. Sensex traded 323 points higher, while Nifty50 rose 100 points.
Posts in category Economic Times
Hot Stocks: Jefferies sees over 30% upside in RIL; Emcure gets an upgrade from Kotak (26-11-2024)
Jefferies emphasizes a strong outlook for Reliance Industries, driven by favorable refining dynamics, robust 5G monetization prospects, and undervalued retail business contributions.
NTPC Green Energy shares listing tomorrow. Check GMP, allotment status, other details (26-11-2024)
NTPC Green Energy IPO Allotment Status: Shares of NTPC Green, which had its IPO open from November 19 to November 22, are expected to be listed onNovember 27. Shares were allocated on November 25 via a lottery system, supervised by the registrar. In the unlisted market, the shares are trading at a GMP of Rs 2-3, indicating a premium of 1.85% over the issue price.
Gold Price Today: Gold prices fall by Rs 2,200/10 gm in 2 days, silver down by Rs 2,700/kg (26-11-2024)
Gold and silver futures opened flat today after a sharp two-day decline triggered by news of a potential Israel-Lebanon ceasefire and Trump’s Treasury Secretary pick. An expert advises short-term traders to wait for market stability, while long-term investors might consider buying at the lower prices. Physical gold rates vary across major Indian cities.
Q2 earnings shocker: 36 BSE 500 companies report over 50% profit plunge (26-11-2024)
The September quarter earnings season proved disastrous for India Inc, with 36 BSE 500 companies reporting over 50% profit plunges. Analysts warn the market will react negatively to the continued poor performance, particularly in sectors like auto and banking, where weak consumption demand is evident.
Buy BEML, target price Rs 4155-4397: HDFC Securities (26-11-2024)
HDFC Securities recommends buying BEML stock, targeting a price of Rs 4155 to Rs 4397 within 6-9 months. They cite the government’s push for domestic defense manufacturing and BEML’s strong market position as key drivers. BEML’s robust order book, financial strength, and attractive valuation make it a favorable investment opportunity.
Ashoka Buildcon shares in focus after winning Rs 1,391 crore NHAI road project (26-11-2024)
Ashoka Buildcon share price: Ashoka Buildcon shares are in focus as the company received a Letter of Award (LOA) for a Hybrid Annuity Model (HAM) road project in West Bengal from NHAI. The project, valued at Rs 1,391 crore, involves developing a four-lane economic corridor on NH 116A (Package-3) in West Bengal.
Edelweiss Financial shares jump over 1% on plans to sell minority stake in MF arm (26-11-2024)
Edelweiss Financial share price: Edelweiss Financial Services’ shares rose after the company announced plans to sell a minority stake in its mutual fund business. The firm aims to divest 25-35% for a $600 million valuation, seeking a strategic partner. While appointing an advisor, Edelweiss clarified its commitment to enhancing shareholder value through stake sales or listings, echoing previous statements about value unlocking.
ETMarkets Smart Talk: Why Indian AIFs are gaining popularity among NRIs seeking diversified returns, Puneet Sharma decodes (26-11-2024)
Weak corporate performance has been brewing for some time, with high interest rates and subdued demand already visible in sectors like FMCG and automobiles.
How China, Trump, and the Russia-Ukraine war are shaping gold & silver investments (26-11-2024)
Today, the dollar index weakened, and the euro bounced back, causing gold prices to decline. The market’s reaction reflects subsiding fears of war escalation, though geopolitical tensions will continue to influence precious metals.