Smallcap stock Tips Music announced an interim dividend of Rs 2 per share with October 24 as the record date. The dividend will be paid by November 12. Over the past year, the stock surged 107.6%, with a current market cap of Rs 9,486.38 crore. Shares were trading 4.2% lower at Rs 742.
Posts in category Economic Times
Q2 results today: HUL, SBI Life among 73 companies to announce earnings on Wednesday (23-10-2024)
Seventy-three companies will release their second-quarter earnings for July-September 2024 today. Key results include HUL, Bajaj Finserv, SBI Life, and TVS Motor. HUL is expected to report a slight increase in revenue. SBI Life is expected to show a flat to moderate growth in annual premium equivalent, with mixed estimates on the value of new businesses.
Big movers on D-Street: What should investors do with Bajaj Finance, Zomato and Adani Green? (23-10-2024)
Benchmark Sensex dives 930 points, Nifty slips below 24,500, marking over two-month lows due to widespread sell-off. Stocks like Adani Green, Zomato, and Bajaj Finance face significant declines. Analysts advise cautious buying at dips in these stocks for potential long-term gains.
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure (23-10-2024)
The U.S. dollar remained strong as investors anticipated gradual interest rate cuts and monitored the presidential election. The yen weakened, reaching a three-month low. Treasury yields increased with the benchmark 10-year note hitting its highest since July. Investors are also considering the upcoming general election in Japan and its potential impact on monetary policy.
Global uncertainties push safe-haven gold to record high (23-10-2024)
Gold prices reached a record high on Wednesday due to Middle East conflicts and U.S. election uncertainty. Spot gold was at $2,746.25 per ounce. U.S. gold futures slightly increased. Bullion is a safe-haven asset gaining over 33% this year. Federal Reserve’s interest rate decision is also anticipated. Silver, platinum, and palladium saw mixed results.
Oil prices slip on rising U.S. crude inventories (23-10-2024)
Oil prices declined slightly as U.S. crude inventories rose more than anticipated and market observers monitored Middle East conflicts. Brent crude dipped to $75.73 a barrel, while U.S. West Texas Intermediate fell to $71.42 per barrel. Diplomatic talks continue regarding humanitarian aid in Gaza amidst ongoing tension.
Wall Street closes little changed while investors digest yields, earnings (23-10-2024)
U.S. stocks saw mixed results with Nasdaq gaining, while investors monitored Treasury yields and awaited further earnings reports. Consumer staples led gains in the S&P 500, while GE Aerospace’s slump impacted the Industrials index. Microsoft rose, but rate-sensitive homebuilding stocks declined.
GIFT Nifty up 15 points; here’s the trading setup for today’s session (23-10-2024)
The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.
Stocks in news: Bajaj Finance, SBI Life, HUL, Adani Energy, Fedbank Financial (23-10-2024)
Shares of SBI Life, HUL and Bajaj Finserv will be in focus as the companies will announce their quarterly results for the July-September 2024 period.