Posts in category Economic Times
Q2 results today: Jio Financial, Tata Consumer among 44 companies to announce earnings on Friday (18-10-2024)
The second quarter earnings season continues with 44 companies, including Jio Financial, Tata Consumer, and ICICI Lombard, reporting results. Tata Consumer is expected to see a 5% drop in net profit year-on-year, despite a 15% revenue growth driven by new businesses in pharma and food channels.
Big movers on D-Street: What should investors do with Wipro, Infosys and LTIMindtree? (18-10-2024)
Benchmark Sensex fell for the third day, dropping nearly 495 points amid foreign fund outflows. Key stocks in focus included Wipro, Infosys, and LTIMindtree. Technical Analyst Kushal Gandhi provides investment insights, recommending actions based on technical patterns and recent performance metrics.
Dollar buoyant, equities cautious ahead of China data (18-10-2024)
The dollar remains near an 11-week high against major peers due to strong U.S. economic data and market speculation of a Trump election victory. Asian stocks show mixed performance, with Japan’s Nikkei rising. Key Chinese economic data and geopolitical tensions impact oil prices and investor sentiment.
Buffett’s Berkshire continues to reduce Bank of America stake (18-10-2024)
Berkshire Hathaway, led by Warren Buffett, has continued to sell Bank of America shares. Nearly 8.7 million shares were sold for $370 million as of Oct. 15. Previously, 9.5 million shares were sold for $382.4 million, reducing Berkshire’s stake in Bank of America to below 10%. The selling began in mid-July.