The rupee dropped 1 paisa to 84.07 against the US dollar amid negative domestic equity markets and higher crude oil prices. Weakening of the American currency and the continual outflow of foreign funds contributed to the decline. Sensex fell by 372.10 points and Nifty by 116.70 points.
Posts in category Economic Times
HEG shares tumble 5% as stock trades on ex-split basis from today (18-10-2024)
Shares of HEG Ltd dropped by 5% to Rs 488.10 on BSE as the stock began trading on an ex-split basis. The company set October 18 as the record date for a 1:5 stock split, their first-ever split. HEG Ltd shares have surged 42% in the last year and 28.50% in the current year.
Bank of Baroda stock price up 0.72 per cent as Sensex slides (18-10-2024)
As of 30-Sep-2024, promoters held 63.97 per cent stake in the company, while FIIs held 9.87 per cent and domestic institutional investors had 8.81 per cent.
Stock market update: Mining stocks up as market falls (18-10-2024)
The 30-share BSE Sensex was down 163.88 points at 80842.73
Sensex falls! These stocks are down 5% or more on BSE (18-10-2024)
In the Nifty pack, 28 stocks were trading in the green, while 22 stocks were trading in the red.
Hedge with insurance stocks: HDFC Life, SBI Life, & ICICI Prudential may offer 16-20% returns (18-10-2024)
Asit C. Mehta brokerage recommends buying HDFC Life, ICICI Prudential, and SBI Life insurance stocks, expecting returns of 16-20%. Coverage emphasizes the growth potential of these companies despite regulatory changes and shifting consumer preferences. The brokerage also has a hold rating on LIC of India and Max Financial Services.
Stock market update: Nifty Bank index advances 0.58% in a weak market (18-10-2024)
The Nifty Bank index was trading 0.58 per cent up at 51585.85.
Polycab shares slip 7% after Q2 results. What should investors do? (18-10-2024)
Polycab Share Price: Polycab India’s shares fell nearly 7% despite a 3.5% YoY net profit increase, driven by strong revenue growth but rising expenses. Analysts remain positive, with ‘Buy’ ratings from Motilal Oswal and Nuvama.
Indian Hotels shares up 0.77% as Nifty falls (18-10-2024)
The stock quoted a 52-week high price of Rs 720.6 and low of Rs 371.45.
Nestle India shares fall 2% as Q2 net profit falls marginally YoY. Should you invest? (18-10-2024)
Nestle India’s shares fell 2.2% after reporting a Q2 net profit of Rs 899 crore, slightly down year-on-year. Brokerages gave mixed reviews, with target prices ranging from Rs 2,350 to Rs 2,870.