Posts in category Economic Times
Positive Breakout: These 3 stocks close cross above their 200 DMAs (24-10-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
TVS Motor shares in focus after Q2 earnings miss estimates (24-10-2024)
TVS Motor Company reported a 23.5% rise in quarterly profit to Rs 663 crore, missing estimates. The company faced higher costs despite stable demand. Revenue rose 13.3% to Rs 9228 crore but fell short of projections. EV sales saw a 31% increase, while two-wheeler sales grew 15% year-over-year.
F&O Ban List: NMDC, RBL Bank among 10 stocks under trade ban on Thursday (24-10-2024)
Ten stocks, including Aarti Industries and Bandhan Bank, are under ban from F&O trading as their open interest exceeded 95%. This ban will only be lifted if their open interest drops below 80%. The Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday amid volatile trading, foreign fund outflows, and selling pressure.
Q2 results today: ITC, Adani Wilmar among 114 companies to announce earnings on Thursday (24-10-2024)
Today, 114 companies, including ITC, IndusInd Bank, and Godrej Consumer, will announce their second-quarter earnings for July-September 2024. ITC is expected to see modest growth in revenue and profit, while IndusInd Bank may see a slight dip in net profit despite some growth in net interest income.
Big movers on D-Street: What should investors do with HUL, SBI Life and TVS Motor? (24-10-2024)
Benchmark Sensex declined 138 points as investors booked profits amid ongoing FPI outflows, marking its third day of losses. HUL formed a bullish pattern at lower levels, SBI Life showed reversal signs, while TVS Motor indicated further downside.
Dollar stands tall on bets for slower Fed cuts, potential Trump win (24-10-2024)
The U.S. dollar neared a three-month high against major currencies due to expectations for slower rate cuts by the Fed and potential Trump presidency bets. The dollar index hit 104.38, driven by robust economic data and hawkish Fed comments. Rising U.S. Treasury yields further boosted the dollar’s strength.
Tesla surprises with sales forecast and cost efficiency, shares jump (24-10-2024)
Tesla CEO Elon Musk expects vehicle sales to grow 20% to 30% next year, reassuring investors about the company’s profitability in selling electric vehicles. Musk also mentioned plans to roll out driverless vehicles offering paid rides next year in California and Texas after regulatory approval. Tesla aims to expand its vehicle lineup by 2025.
Bears circle China’s yuan gearing for Trump win (24-10-2024)
China’s yuan is under pressure from the potential return of Donald Trump as U.S. president, amidst low domestic yields and hoarding of dollars by exporters. With possible higher U.S. tariffs, the currency may weaken further. Authorities appear to prefer a weak yuan to bolster export revenues.
Gold record rally stalls on higher US dollar, yields (24-10-2024)
Gold prices remain steady after hitting a record high amid U.S. election concerns and Middle East tensions. The stronger dollar and increased U.S. Treasury yields counter safe-haven demand. Spot gold stood at $2,718.32 per ounce. U.S. economic indicators show potential Federal Reserve rate cut. Palladium, platinum, and silver prices also saw slight increases.