Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.
Posts in category Economic Times
ICICI Lombard Q2 Results: Net profit jumps 20% YoY to Rs 694 crore (18-10-2024)
The company’s gross direct premium income reached Rs 14,409 crore in H1FY25, up from Rs 12,472 crore in the same period last year. Excluding crop and mass health segments, the company’s GDPI growth stood at 15%, surpassing the industry growth rate of 10.9% in H1FY25.
Nasdaq, S&P 500 open higher on tech stock boost (18-10-2024)
The S&P 500 and the Nasdaq opened higher on Friday, lifted by advances in technology shares, while the Dow Jones Industrial Average edged lower.
Kotak Bank Q2 Results Preview: NII may surge by up to 13% YoY on double-digit loan growth (18-10-2024)
JM Financial is the most optimistic about NII and PAT figures, while ICICI Securities takes a more cautious stance. ICICI Securities anticipates a 4.2% decline in PAT, in contrast to its peers who project growth ranging from 5.5% to 12.4%.
Sebi clarifies on 3-in-1 accounts usage for public issue applications (18-10-2024)
Markets regulator Sebi on Friday clarified that investors can continue using 3-in-1 accounts to apply online for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitised debt instruments. This is in addition to the existing modes of application, Sebi said in a circular.
Gold prices hit record high ahead of Diwali festivities (18-10-2024)
Gold reached a historical high of Rs 77,332 per 10 gm on Friday, surpassing the Rs 77,000 mark. The market expectation is that by Diwali, prices will cross Rs 80,000 per 10 gm mark and may even touch Rs 85,000 per 10 gm level. With the Goods & Services Tax (GST) of 3 per cent, gold is now commanding a price of Rs 79,651 per 10 gm in the physical market – short of Rs 349 to touch Rs 80,000 per 10 gm.
Jio Financial Q2 Results: Cons PAT rises 3% YoY to Rs 689 crore, revenue jumps 14% (18-10-2024)
Jio Financial Q2 Results: The company reported quarterly revenue of Rs 693.50 crore, a 14% increase from Rs 608.04 crore in the same quarter last year. Sequentially, PAT surged 120% compared to Rs 312.63 crore in Q1FY25, while revenue rose 66% from Rs 417.82 crore in the April-June quarter.
Cummins India, Syngene International among 5 stocks with short covering (18-10-2024)
Short covering occurs when traders repurchase shares they previously sold short, typically due to a change in market sentiment or new information. This action often reduces open interest and can push the stock price higher.
Tech view: Nifty signals potential bottom reversal, eyes 25,000 resistance level. How to trade on Monday (18-10-2024)
Analysts see a potential short-term reversal in Nifty after a downward correction. Friday’s chart signals a bullish pattern and a sustainable upmove from the lows. Support is at 24,500 and resistance at 24,950-25,000.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (18-10-2024)
SIL Investments, Nalwa Sons Invst, Pennar Ind, Motilal Oswal and Vishnu Prakash R Punglia, hit their fresh 52-week highs during the day.