Posts in category Economic Times
Waaree Energies beats Tatas and Bajaj to set new IPO record with 97.34 lakh applications (23-10-2024)
Bajaj Housing Finance previously held the record with 90 lakh applications, followed by Tata Technologies with 73 lakh applications. The Rs 4,321 crore IPO received a strong response, attracting bids worth Rs 2.41 lakh crore and achieving an overall subscription of 76 times, including 208 times in the institutional category and 62 times in the non-institutional segment.
Metro Brands Q2 Results: PAT at Rs 69.55 crore on high expenses, weak demand, misses estimates (23-10-2024)
Indian footwear retailer Metro Brands missed second-quarter profit estimates on Wednesday, as higher expenses weighed on muted sales growth.
Gold, silver hit new lifetime highs on wedding season demand (23-10-2024)
Rallying for the sixth straight session, gold and silver prices breached fresh record high levels in the national capital on Wednesday mainly driven by festive and wedding season demand, according to the All India Sarafa Association. Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg.
Breakout Stocks: How to trade Amber Enterprises, Persistent Systems & Max Financial Services on Thursday? (23-10-2024)
Indian market closed in the red for the third consecutive day in a row. Sectorally, buying was seen in telecom, IT, mid and smallcap stocks while selling was seen in metal, banks, oil & gas, capital goods, and power stocks. Stocks that hit fresh record highs include Amber Enterprises, Persistent Systems and Max Financial Services.
Tech View: Nifty’s drop below 24,350 could trigger a slide to 24K in near term. How to trade tomorrow (23-10-2024)
Nifty’s trend remains weak, currently positioned near a critical support level on the weekly charts, suggesting a potential for an upside bounce from current or lower levels. A sustained close above 24,650-24,700 would confirm this upward move. However, if the index slides below 24,350, it could drop further to the 24,000 mark in the near term, according to Nagaraj Shetti of HDFC Securities.
Silver prices hit Rs 1,00,000/kg mark on MCX for the first time. What’s ahead? (23-10-2024)
Silver December future prices on MCX hit Rs 1,00,000/kg for the first time, driven by de-dollarization trade, geopolitical tensions, and economic instability. Among the metals, silver has outperformed other precious metals.
Stock market update: Nifty Bank index falls 0.04% (23-10-2024)
The Nifty Bank index closed 0.04 per cent down at 51239.0.
Stock market update: Sugar stocks up as market falls (23-10-2024)
The 30-share BSE Sensex closed down 138.74 points at 80081.98
HUL declares dividend of Rs 29 per share, fixes Nov 6 as record date (23-10-2024)
HUL declared an interim dividend of Rs 29 per share for FY25. The record date is November 6 and dividend will be paid on November 21. The dividend was announced along with the second quarter results, where the maker of Lifebuoy and Dove reported a 4% decline in its net profit at Rs 2612 crore.