Today, 149 companies will announce their July-September 2024 earnings. Important results include Coal India, JSW Steel, Bharat Electronics, IndiGo, and Bank of Baroda. IndiGo may report losses, while JSW Steel’s profits are expected to fall significantly. Investors and analysts are keenly awaiting these updates to assess market performance.
Posts in category Economic Times
Q2 results today: Coal India, IndiGo among 149 companies to announce earnings on Friday (25-10-2024)
Big movers on D-Street: What should investors do with ITC, ACC and Adani Wilmar? (25-10-2024)
Benchmark indices Sensex and Nifty extend losses for the fourth consecutive day amid disappointing earnings and continuous FII outflows. Key stocks in focus include ITC, which has broken crucial support levels; ACC, nearing critical support after disappointing earnings; and Adani Wilmar, showing positive momentum post-Q2 earnings.
Yen wobbles, vulnerable to political reverberations (25-10-2024)
Yen nears three-month low ahead of Japan’s election, adding pressure on BOJ policy plans. The dollar retreats slightly but remains strong, while uncertain Eurozone and UK economies face further struggles. U.S. election uncertainty also impacts global currencies, contributing to risk aversion.
Nasdaq, S&P end higher as Tesla jumps, yields pull back (25-10-2024)
Nasdaq and S&P 500 gained driven by Tesla’s strong earnings forecast and falling Treasury yields. Tesla’s shares surged 21.9%, boosting the Consumer Discretionary sector, despite mixed results from other companies. Treasury yields eased after hitting a three-month high, impacting overall market sentiment.
Safe-haven gold on track for weekly gain (25-10-2024)
Gold prices hold steady driven by escalating geopolitical concerns including a Hamas commander’s death and ahead of the U.S. Election Day. Spot gold remains near record highs. U.S. fiscal deficit and potential Federal Reserve rate cuts loom large. Palladium hits a 10-month peak amid geopolitical tensions and possible sanctions.
Oil heads for weekly gain as Middle East tensions keep traders on edge (25-10-2024)
Oil prices are on the rise, with a weekly gain of more than 1% expected. Tensions in the Middle East and upcoming Gaza ceasefire talks are keeping traders vigilant. Analysts believe current prices around $70 are appropriate. Investors await responses to recent geopolitical events and potential clarity on China’s economic policies, affecting future oil demand.
Zomato gives a clarification to BSE on platform fee hike (25-10-2024)
Zomato clarified that the Rs 10 platform fee hike is not a rumor and is a routine business adjustment. Both Zomato and Swiggy have increased platform fees in some cities to cover operational costs during the festive season. Zomato mentioned that this hike is temporary, while Swiggy has not provided any such clarification.
GIFT Nifty down 5 points; here’s the trading setup for today’s session (25-10-2024)
Foreign portfolio investors turned net sellers at Rs 5,062 crore on Thursday. DIIs bought shares worth Rs 3620 crore.