Indian headline indices continued their losing streak for the fifth consecutive session today, dragged down amid lackluster Q2 earnings and persistent foreign outflows.
Posts in category Economic Times
Gainers & Losers: IndusInd Bank, Patanjali Foods among 6 stocks in action on Friday (25-10-2024)
Rupee ends flat on day, week; cenbank interventions cap pressure (25-10-2024)
Benchmark Indian equity indexes, the BSE Sensex and Nifty 50 declined nearly 1% each on Friday to log their fourth consecutive weekly decline amid sustained pressure due to the exodus of foreign money from local equities.
IDBI Bank Q2 Results: Co reports 39% jump in net profit at Rs 1,836 crore (25-10-2024)
IDBI Bank reported a 39% jump in net profit for the second quarter of the fiscal at Rs 1836.5 crore against Rs 1323.3 crore in the year ago period, riding on steady business expansion and improvement in asset quality. Its net interest margin for the quarter improved by 54 basis points to 4.87% as compared with 4.33% in the corresponding period last year
BPCL Q2 Results: Standalone PAT plummets 72% YoY to Rs 2,397 crore (25-10-2024)
BPCL Q2 Results: State-owned BPCL reported a standalone net profit of Rs 2,397 crore for the second quarter ending September 2024, marking a 72% decline from Rs 8,501 crore in the same quarter last year.
IDBI Bank Q2 Results: Net profit jumps 39% YoY to Rs 1,836 crore, NII up 26% (25-10-2024)
IDBI Bank Q2 Results: IDBI Bank on Friday reported a 39% jump in its September quarter net profit at Rs 1,836 crore versus Rs 1,323 crore posted by the company in the year ago period. The net interest income (NII) in the reported quarter stood at Rs 3,875 crore, recording a 26% growth over corresponding quarter of the previous financial year.
Chemical manufacturer Epigral Ltd raises Rs 333 crore via QIP issue (25-10-2024)
Epigral Ltd completed its QIP, raising Rs 333.05 crore at an issue price of Rs 2,093.13 per share. The company will deploy these funds to support its growth plans. The equity capital will help Epigral to further strengthen its financial position while expanding its market presence.
Silver beats gold with 30% YTD return but does it warrant higher allocation in your portfolio? (25-10-2024)
Despite silver outperforming gold and Nifty, historical data suggests a gold-heavy portfolio with 62% gold, 35% Nifty, and 3% silver offers the lowest volatility combination while maximizing return. Silver only merits a small allocation in constructing a low-volatility portfolio. Gold has given a return of about 23% and Nifty 15% year-to-date.
Ashish Kacholia allocated over 11 lakh shares in SG Finserve. Check details (25-10-2024)
The warrants allow holders to apply for shares by paying the remaining 75% of the issue price within 18 months from the allotment date. Each warrant can be converted, in one or more tranches, into one fully paid equity share with a face value of Rs 10, according to the company’s release.
Nithin Kamath explains why Zerodha doesn’t push users to trade (25-10-2024)
Zerodha doesn’t push users to trade, which is good for customers in the long run, says its founder Nithin Kamath. This is why people trust Zerodha. Counter-intuitively, this hurts the business. With everybody chasing “engagement,” many things on the internet have become annoying and unusable, he said.
European shares slip on auto pressure, set for weekly loss (25-10-2024)
German automaker Mercedes-Benz fell 3.7% after third-quarter earnings in core car division massively missed estimates, while Valeo shed 7.5% as the automotive supplier cut its annual sales guidance for the second time this year.