The NSE Nifty index closed 36.1 points down at 24399.4
Posts in category Economic Times
Rajesh Power Services files DRHP with BSE SME for raising funds through IPO (24-10-2024)
Rajesh Power Services (RPSL) filed its DRHP with the BSE SME to raise funds via an IPO. The IPO will comprise a fresh issue of 27.90 lakh equity shares and an Offer for Sale (OFS) of up to 20 lakh equity shares. RPSL intends to utilise the net proceeds from the IPO towards capital expenditure to purchase cable identification, testing and fault location equipment.
IndusInd Bank Q2 Results: PAT slumps 39% YoY to Rs 1,325 crore, NII rises 5% (24-10-2024)
IndusInd Bank Q2 Results: The reported profit missed Street estimates of Rs 2,138 crore. It was Rs 2,181.47 crore in Q2 FY24. The net interest margin fell to 4.08%, down 21 bps YoY from 4.29% and 18 bps QoQ. Deposits grew 15% YoY, surpassing Rs 4 lakh crore mark, to Rs 4,12,317 crore from Rs 3,59,548 crore.
Market Wrap: Sensex, Nifty end marginally lower, extend losing streak to four sessions in row (24-10-2024)
Indian headline indices fell for the fourth consecutive session on Thursday let down by auto and FMCG stocks. While the S&P BSE Sensex settled at 80,065.16, down by 17 points, the broader Nifty closed at 24,399.40, lower by 36.10 points or 0.15%.
Trump victory to mean more volatility; local flows may take high growth SMIDs to bubble valuations: Gautam Baid (24-10-2024)
Gautam Baid analyzes the impact of Trump’s presidency on financial market volatility and India-US relations, especially concerning tariffs and exports. He foresees a focus on domestic manufacturing and agrochemicals, backing stocks like Insecticides India. Baid warns about elevated valuations due to mutual fund flows and expects continued SIP-driven market resilience.
Rupee ends flat on state-run banks’ dollar sales support, while outflows weigh (24-10-2024)
The rupee closed at 84.0775 against the U.S. dollar, compared with its close at 84.08 in the previous session. It hit a record low of 84.0825 earlier in the week.
Why India is the go-to market in a volatile world (24-10-2024)
Amid global economic unpredictability in 2024, India stands out with steady growth driven by robust structural reforms and forward-looking policies. Its macroeconomic stability and strategic focus on self-reliance make it an attractive destination for investors, highlighting India as a relative safe haven amid volatility.
Adani Total Q2 Results: Cons profit rises 7% YoY to Rs 186 crore, revenue jumps 12% (24-10-2024)
Adani Total Gas reported a 7% year-on-year jump in its net profit to Rs 186 crore for the September quarter. Revenue from operations rose 12% to Rs 1,318 crore. The company mentioned higher volume and sales realization as key factors. CEO Suresh P Manglani highlighted operational and financial performance aligning with India’s energy transition goals.
Afcons Infra’s Rs 5,430 cr IPO opens tomorrow. Price band, GMP among 10 things to know before subscribing (24-10-2024)
The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25 and close on October 29. The company aims to raise approximately Rs 5,430 crore through this public offer.
Adani Wilmar Q2 Results: Co swings to black, posts Rs 311 cr profit, revenue up 18% YoY (24-10-2024)
Adani Wilmar Q2 Results: Adani Wilmar reported a significant turnaround with a consolidated net profit of Rs 311 crore for Q2 FY25, compared to a loss of Rs 131 crore last year. Revenue from operations grew 18% YoY to Rs 14,460 crore. EBITDA soared 325% YoY to Rs 612 crore.