Indian benchmark indices Sensex and Nifty50 fell on Wednesday, pressured by financials after a two-day rally, with sentiment dampened by ongoing foreign selling and weak corporate earnings.
Posts in category Economic Times
Gold and Silver Outlook for Diwali: Where to invest for the year ahead and why (30-10-2024)
Over the past year, gold and silver gained 20-40%, but recent profit-taking and rising US interest rates have caused weakening. Banerjee remains optimistic, projecting gold could rise to ₹90,000 and silver to ₹1,35,000 in the next year.
Swiggy management on increasing size of IPO to Rs 4499 cr, Q-commerce strategy & more (30-10-2024)
Swiggy is raising Rs 4,499 crore through an IPO to invest in its quick commerce business and expand its dark stores. The company plans to open new stores and explore new categories while maintaining focus on food delivery and quick commerce. Swiggy’s IPO aims to support its growth trajectory and innovation.
Dabur Q2 Results: PAT drops 17% YoY to Rs 425 crore; revenue falls 5% (30-10-2024)
Dabur Q2 Results: Dabur India’s consolidated net profit fell 17% to Rs 425 crore for the quarter ending September 2024, with revenue dropping 5% to Rs 3,029 crore. The company also announced an interim dividend of Rs 2.75 per share. The shift towards quick commerce impacted traditional sales channels. Dabur remains confident about future growth and recovery in demand.
IDFC First Bank, L&T Finance among 5 stocks with short covering (30-10-2024)
Short covering occurs when traders repurchase shares they had previously sold short, typically in response to a change in market sentiment or new information.
October 31 or November 1? When is the stock market closed for Diwali (30-10-2024)
Indian equity markets will remain open for trading on Thursday, October 31, despite many celebrating Diwali on that day. However, they will be closed on November 1, Friday, although a brief session for Muhurat Trading will take place. According to the Hindu calendar, Deepawali is celebrated on Amavasya Tithi, which falls on October 31, 2024.
Nikkei closes at 2-week peak as tech shares track Nasdaq higher (30-10-2024)
Overnight, the Nasdaq scored a record closing high and the S&P 500 rose, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet’s results that came after the market close.
European shares fall ahead of key data, US election jitters (30-10-2024)
The pan-European STOXX 600 dropped 0.5% to 515.25 points by 0810 GMT, weighed down by luxury stocks. Britain’s FTSE 100 fell 0.5%.
Will festive season revive FMCG sector? Mahesh Patil answers (30-10-2024)
But by and large, PSUs, if you look at, there are other sectors like utilities or on the oil and gas side, which are not as expensive. So, generalising PSUs as being expensive would not be all that.