The Reserve Bank of India increased its domestic gold holdings by over 100 metric tonnes by September 2024. It now holds 854.73 metric tonnes of gold, with a significant portion stored domestically. The share of gold in the RBI’s total foreign exchange reserves also rose to 9.32%, amidst a rise in overall foreign reserves to $705.78 billion.
Posts in category Economic Times
Ahead of Market: 10 things that will decide stock action on Wednesday (29-10-2024)
Indian benchmark indices Sensex and Nifty ended higher for the second straight day, with banking and financial stocks leading the gains. The Nifty formed a bullish harami pattern, indicating a potential uptrend. Support is at 24,200, and resistance is at 24,500-24,750. A decisive move above 24,450 could strengthen the uptrend
Market Trading Guide: Ramco Cements, Cholamandalam Investment among stock recommendations for Wednesday (29-10-2024)
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, led by banking and financial stocks. The Nifty formed a bullish harami pattern, suggesting positive sentiment in the short term. Support is at 24,250, and resistance is at 24,700-24,750.
Torrent Pharma promoter to sell up to 2.9% stake via block deal on Oct 30: Report (29-10-2024)
Torrent Pharmaceuticals promoter is likely to sell a 2.9% stake worth Rs 3,000 crore via block deal on Wednesday. The offer price is likely to be at a 6% discount to the current market price. Kotak Securities and Citigroup are the bankers to the deal.
HDFC Standard Life buys PNB Housing Fin’s shares worth Rs 90 crore (29-10-2024)
HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance.
Top 5 stocks that see decreased insurance shareholding in September quarter (29-10-2024)
This decline often suggests waning confidence among insurers in the company’s performance or outlook, potentially indicating negative market sentiment.
Canara Bank Q2 Results: Net profit rises 11% YoY to Rs 4,014 crore on lower provisions (29-10-2024)
Lower provisions helped Canara Bank report a 11.3% year-on-year rise in net profit for the September quarter at Rs 4,014 crore, while pre-provision operating profit remained almost flat on a slim rise in net interest income.
Bharti Airtel sees minimal impact from July tariff hike, says CEO (29-10-2024)
Bharti Airtel, India’s second largest telco, did not see much of a negative impact from the tariff hike it took in July in terms of users downgrading to lower plans or in SIM consolidation, managing director Gopal Vittal said in an earnings call Tuesday.
These 6 stocks hit fresh 52-week highs, rallied up to 20% in a month (29-10-2024)
A 52-week high marks the peak price a stock has achieved over the past year, providing useful insights for traders and investors.
US stocks slip amid earnings deluge, rising Treasury yields (29-10-2024)
Wall Street opened lower on Tuesday as investors assessed a host of corporate results and looked ahead to Google-parent Alphabet’s earnings later in the day, while gains in U.S. Treasury yields also pressured equities.