The Indian market is expected to edge higher on Wednesday following positive global cues. Analysts suggest a broader trading range between 24,000 to 25,000 zones for the Nifty. Experts have recommended stocks from the F&O basket and cash market for short-term trading. Key stock recommendations include Axis Bank, ICICI Bank, and RIL.
Posts in category Economic Times
Coforge shares rally over 7% after reporting 24% YoY jump in Q2 PAT (23-10-2024)
Coforge reported a profit after tax of Rs 233.6 crore for Q2 2024, marking a 24.3% YoY increase. Revenue grew by 33% YoY. The company also announced an interim dividend of Rs 19 per share. Shares have risen by 35.9% over the past year. Coforge’s CEO expressed confidence in sustained growth.
India’s growth to withstand global inflation pressure: Santosh Rao (23-10-2024)
The headline is that tariffs are bad, they do not work, they are inflationary, and we do not need that at this point. But right now, this is election season, everybody is throwing out everything out there to get their vote, so it is a very close election.
Yuan falls to two-month low on tariff risks (23-10-2024)
The yuan dropped to a nearly two-month low on Wednesday. This was due to falling yields in China, rising yields in the U.S., and concerns over potential tariffs if Donald Trump becomes president. The currency fell about 0.1% to 7.1341 per dollar. Analysts predict further weakening if Trump wins the U.S. presidency and Congress.
RITES shares in focus after securing Rs 454 crore turnkey contract in Karnataka (23-10-2024)
Shares of RITES are in the spotlight on Wednesday following the company’s announcement that its previously awarded project management consultancy (PMC) contract from the Karnataka Mining Environment Restoration Corporation (KMERC) has been converted into a turnkey contract.
These 3 F&O stocks saw a high increase in futures open interest (23-10-2024)
A significant uptick in futures open interest signifies substantial growth in the number of active, unexpired futures contracts for a specific security.
Persistent Systems shares rally 6% after reporting 23% YoY jump in Q2 PAT (23-10-2024)
Shares of Persistent Systems rose by 5.7% following its Q2 results. The company reported a 23.4% increase in profit after tax, reaching Rs 325 crore year-on-year. Revenue saw a 20% rise, standing at Rs 2,897.15 crore. The total expenses for the quarter also increased compared to the previous fiscal year.
Bajaj Finance shares surge 4% after Q2 results. Should you buy, sell, or hold? (23-10-2024)
Bajaj Finance shares jumped 4.2% following a 13% net profit increase to Rs 4,000 crore for Q2FY25. Despite missing estimates, revenue rose 28% to Rs 17,090 crore. AUM grew 29%, but loan losses and provisions also increased. Analysts remain positive but have lowered target prices.
Diwali Investment Ideas: Gold vs Silver – Which is the best bet for 2024? (23-10-2024)
We sat down with Naveen Mathur, Director of Commodities and Currencies at Anand Rathi Share and Stock Brokers, to get a clearer picture of where gold and silver are headed and how you can make the most of your money this Diwali.
ETMarkets Smart Talk: Banking and consumption sectors to outperform by next Diwali, says Naveen Kulkarni (23-10-2024)
The stock markets have been relatively stable over the last two months since the beginning of October. Although the market did reach new highs at times, overall returns have been modest.