Gold prices held steady after hitting a record high amid tensions in the Middle East and the upcoming U.S. presidential election. Spot gold edged up 0.1% to $2,723.06 per ounce. Other metals like silver, platinum, and palladium saw slight rises. Traders predict a high chance of a Federal Reserve rate cut in November.
Posts in category Economic Times
Oil prices trim Middle East war risk-gains, China demand remains a worry (22-10-2024)
Oil prices fell on Tuesday as demand in China slowed and the U.S. pushed for a ceasefire in the Middle East. Brent and WTI crude futures saw slight declines. Market dynamics are influenced by China’s economic measures and ongoing geopolitical tensions in the Middle East.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty up 15 points; Asian shares decline (22-10-2024)
GIFT Nifty up 15 points; here’s the trading setup for today’s session (22-10-2024)
The underlying trend of Nifty remains weak amidst range movement. Having failed to sustain the recent upside bounce, the market could revisit the lower range of 24,600-24,500 levels in the near term. Immediate resistance is at 25,000 levels, said Nagaraj Shetti of HDFC Securities.
Stocks in news: Zomato, Paytm, Bajaj Finance, Ola Electric, Eicher Motors (22-10-2024)
Shares of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life will be in focus ahead of the second quarter results today.
Asian shares decline as bonds extend selloff (22-10-2024)
Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. That’s after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs.
India most successful IPO market in the world for 2024: Alex Clavel (22-10-2024)
Clavel took over his new role at the Japanese conglomerate a year ago, jointly leading its investing vehicle SoftBank Vision Fund ( SVF) with Rajeev Misra. While Clavel spearheads SVF-II, Misra who stepped away from day-to-day operations in 2022 and later launched One Investment Management, oversees legacy investments from SVF-I.
Red October: FPI stock selloff at Rs 81,000 crore, highest in a month (22-10-2024)
The selloff in October is in contrast to their activity in the rest of 2024. So far this month, foreigners have sold stocks worth ₹6,100 crore daily on average. They were buyers to the tune of ₹500 crore daily on average between January and September.
Investment outlook bright, but geopolitical tensions a threat (22-10-2024)
“Rural demand is expected to get a boost from the improved agricultural outlook. Private investment should pick up steam in response to signs of pick-up in consumption demand and rising business optimism,” the central bank said in its state of the economy article.