Oil prices increased slightly after a significant drop, influenced by a larger-than-expected rise in U.S. crude inventories and ongoing conflict between Israel and Hezbollah. Economic activity in the U.S. remains steady, with recent data influencing Federal Reserve rate cut expectations.
Posts in category Economic Times
Dow Jones falls 400 points pressured by tech losses and worries about rates (24-10-2024)
Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election.
Asian stocks fall, Yen steadies after weakening (24-10-2024)
Futures for the Nasdaq 100 climbed during Thursday trading in Asia, paring declines for the underlying benchmark in the prior day, after robust earnings from Tesla Inc. provided support for tech stocks. Treasuries opened little changed in Asia after the 10-year yield rose four basis points on Wednesday to the highest level in almost three months.
Pre-market action: Here’s the trade setup for today’s session (24-10-2024)
“Apart from the concern of continuous outflow of the foreign investors, the disappointment on the earnings front is largely weighing on the sentiment. We thus reiterate the sell on rise view in the Nifty index and suggest maintaining stock-specific trading approach citing the prevailing choppiness due to earnings,” said Ajit Mishra – SVP, Research, Religare Broking.
Stocks in news: ITC, Adani Wilmar, HUL, United Spirits, Adani Power (24-10-2024)
Adani Power will consider raising funds worth Rs 5,000 crore by way of public issue and/or private placement of non-convertible debentures (NCDs) in one or more tranches.
Forget gold, go for silver to add lustre to your portfolio (24-10-2024)
After the sharp run-up this year, with domestic prices touching the ₹1 lakh per kg mark, analysts believe investors could buy on dips over the next 1-3 months and allocate 3-5% of their portfolio to the white metal.
Malabar, Carnelian buy 9.96% stake in IPO-bound Scoda Tubes (24-10-2024)
Malabar Investments, a Mauritiusbased fund, subscribed to 2.4 million shares at Rs 125 per share, resulting in a 5.43% stake. Carnelian Capital, founded by Vikas Khemani, subscribed to 2 million shares, representing 4.53% of the total shareholding. According to the DRHP, Scoda Tubes aims to raise Rs 275 crore through the IPO, with Monarch Networth Capital serving as the sole banker to the issue
Sluggish urban market to weigh on HUL, price hikes may help (24-10-2024)
High raw material costs limited the margin gains even as the company spent less on advertising during the quarter. The raw material cost grew 5% on year and constituted 49.6% of the revenues, driven by inflation in tea and crude palm oil prices. The company’s ad spends declined 15% on year with these spends standing at 9.5% of net sales.
PSUs fizzle out over unrealistic valuations, sluggish earnings (24-10-2024)
Nineteen out of 64 non-banking stocks have plunged between 40% and 55% from their yearly highs, while another 28 have declined by 30% to 40%. Overall, 64 state-owned corporates have lost nearly ₹8 lakh crore in market capitalisation since August 1, the day the BSE PSU index hit an all-time high.