Indian benchmark equity indices declined for the fourth straight session, dragged by Hindustan Unilever’s missed profit estimates and foreign fund outflows. Analysts note that the Nifty has declined over four sessions and appears oversold, suggesting a potential pullback to 24,550–24,600.
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Market Trading Guide: Aster DM, Radico Khaitan among 3 stock recommendations for Friday (24-10-2024)
Indian benchmark indices fell for the fourth consecutive session, led by auto and FMCG stocks. The Sensex settled at 80,065.16, and the Nifty closed at 24,399.40. Rupak De of LKP Securities said that the current market sentiments remain weak. A recovery might occur in Nifty unless 24,350 is breached, which could trigger a more serious correction. On the higher end, the 50-stock index could move towards 24,650-24,700.
These 6 stocks hit fresh 52-week highs, rallied up to 25% in a month (24-10-2024)
A 52-week high represents the peak price a stock has achieved over the past year, providing useful insights for traders and investors.
Tesla allays investor fears with crucial EV growth forecast, shares jump 16% (24-10-2024)
Tesla’s stock surged over 16% after CEO Elon Musk reassured investors about expected sales growth and plans to cut production costs. The company announced its pivot toward AI and robotics, with new projects like the Cybercab robotaxi, despite regulatory challenges and investor concerns over Musk’s focus.
JSW Energy Q2 Results: Net profit up marginally at Rs 853 crore (24-10-2024)
JSW Energy on Thursday reported a marginal rise in its consolidated net profit at Rs 853 crore for the September 2024 quarter. “Profit After Tax (PAT) was up marginally at Rs 853 crore vis-a-vis Rs 850 crore in the same period last year,” a company statement said
ITC Q2 Results: Profit rises 2% YoY to Rs 4,993 crore, revenue jumps 16% (24-10-2024)
ITC Q2 Results: Revenue from operations grew 15% YoY to Rs 22,282 crore in the reporting period. Profit fell slightly short of ET Now Poll estimates of Rs 5,079 crore, while revenue exceeded expectations. The cigarette-to-hotels conglomerate posted an EBITDA of Rs 6,335 crore for the July-September 2024 quarter, with margins at 32.8%.
Capital Small Finance Bank Q2 Results: Profit zooms 37% to Rs 33.3 crore (24-10-2024)
Capital Small Finance Bank reported a 37% rise in net profit at Rs 33.3 crore for the second quarter of the fiscal as against Rs 24.3 crore in the year ago quarter.
RBI rejects top cop Asthana’s appointment to board; delay in notification an oversight, says REL (24-10-2024)
Religare Enterprises informed stock exchanges that the Reserve Bank of India rejected its proposal to appoint Rakesh Asthana as a director. This rejection occurred on May 15, 2024. Religare attributed the delay in disclosure to an oversight and faces legal challenges from the Burman family regarding the appointment and AGM postponement.
S&P 500, Nasdaq rebound as Tesla shares soar (24-10-2024)
The S&P 500 and the Nasdaq opened higher on Thursday, recovering from a selloff in the previous session, as gains in Tesla shares after its optimistic earnings forecast lifted indexes.
5 stocks with increased DII shareholdings in September quarter (24-10-2024)
This trend indicates that these investors anticipate positive future performance and stable economic conditions.