The rupee ended at 84.08 against the U.S. dollar, its weakest closing level on record, and marginally lower than its closing level of 84.0775 in the previous session.
Posts in category Economic Times
HFCL shares slide 26% in a month, placed near 200 DEMA support. Is a breakdown imminent? (23-10-2024)
The stock is currently trading at Rs 120, positioned below its 10, 20, 50, and 100-day exponential moving averages (DEMAs), while attempting to hold above its 200 DEMA
TVS Motor Q2 Results: Profit jumps 23% YoY to Rs 663 crore, but misses estimates (23-10-2024)
Both net profit and revenue missed Street estimates, which were pegged at Rs 669 crore and Rs 9,534 crore, respectively.
India’s power sector: A trillion-dollar investment opportunity for the next decade (23-10-2024)
India’s power sector, with a planned investment of Rs 42 trillion over the next decade, aims to upgrade infrastructure and meet increasing energy demand. The focus will be on renewable energy projects, battery storage, and transmission networks, driven by policy reforms and improved asset quality, presenting substantial growth opportunities.
SBI Life Q2 Results: PAT jumps 39% YoY to Rs 529 crore, NPI up 1% (23-10-2024)
SBI Life reports a 39% YoY increase in Q2 net profit to Rs 529 crore. Net premium income grew marginally to Rs 20,266 crore, while investment income surged 132% YoY to Rs 19,753 crore. The insurer’s AUM rose 27% to Rs 4.38 lakh crore.
How to generate alpha through dynamic hedging in periods of downtrend (23-10-2024)
Dynamic hedging, as practiced by experienced fund managers, mitigates risks through real-time adjustments in long and short positions. A 137-year study by Hurst, Ooi, and Pedersen reveals that such strategies performed well during major financial crises, wars, and high-inflation periods, enhancing returns and providing downside protection.
Cryptocurrency prices on October 23: Bitcoin falls below $67,000; Chainlink, NEAR Protocol drop over 4% (23-10-2024)
Major cryptocurrencies experienced a decline for the second consecutive day on Wednesday, influenced by profit booking after recent highs. Bitcoin (BTC), Ethereum (ETH), BNB, and Solana all fell, leading to a 1.3% drop in the global cryptocurrency market cap, which is now approximately $2.31 trillion.
Cyclical downturn expected to soften market valuations: Abhay Agarwal (23-10-2024)
What we are seeing in the market a buy on dips market changing very quickly to sell on rallies. This will continue to be till there are clear signs of a cyclical upturn and consumption coming back and earnings growth coming back.