The NSE Nifty index was trading 127.75 points down at 24843.55
Posts in category Economic Times
New stock picks of top 10 mutual funds in September (17-10-2024)
In September 2024, mutual funds made significant new investments, deploying Rs 18,200 crore in the Indian market. Bajaj Housing Finance emerged as a top choice, with multiple funds collectively buying millions of its shares. Other notable investments included PN Gadgil, GE T&D India, and Kross.
PSU stocks crash up to 47% from peak. Is the reign of rail & defence over? (17-10-2024)
PSU stocks have seen significant declines, with some dropping over 40% from their 52-week highs due to expensive valuations and government share sales. Stocks like Cochin Shipyard, Mangalore Refinery, and HUDCO have been notably affected. Despite short-term turbulence, long-term prospects for rail and defence sectors remain positive.
Bajaj Auto shares tumble over 8% after Q2 disappoints D-St. Should you buy or sell? (17-10-2024)
Bajaj Auto Share Price: Shares of Bajaj Auto dropped 8.5% after the company reported Q2 FY25 earnings below expectations. The net profit rose by 9% to Rs 2,005 crore. Analysts gave mixed reactions, with ratings ranging from buy to sell, citing factors like gross margins, festive demand, and export recovery. The company’s future prospects in electric and CNG vehicles look positive.
Wipro Q2 Preview: Analysts expect mixed results with limited growth, margin stability (17-10-2024)
Overall revenue growth is expected to remain within the company’s guidance range of -1% to +1% in constant currency (CC), with performance across key verticals being closely monitored.
Bears in driving seat as Sensex falls over 300 points; Nifty below 24,900 (17-10-2024)
Indian blue-chip indices Sensex and Nifty50 fell for the third straight day, with most sectors except IT trading lower. Major losses were seen in auto stocks, notably Bajaj Auto, following poor earnings. Investors focus on upcoming earnings from Infosys, Wipro, and others.
Ircon International shares in focus as Co inks MoU with Patel Engineering for infra projects (17-10-2024)
Ircon International signed an MoU with Patel Engineering to explore infrastructure projects. Despite a revenue decline, net profit rose, while mutual funds and FIIs reduced their stakes.
Infosys Q2 Preview: Rs 8Lcrore m-cap hits new high ahead of results; analysts see upgraded FY25 guidance (17-10-2024)
Infosys is expected to maintain its growth momentum, reporting a 3.1% QoQ growth in constant currency (3.6% overall growth).
Infosys Q2 Preview: Rs 8 lakh crore m-cap hits record high ahead of results; analysts anticipate upgraded FY25 guidance (17-10-2024)
Infosys is expected to maintain its growth momentum, reporting a 3.1% QoQ growth in constant currency (3.6% overall growth).
Stocks to buy today: Grasim, Siemens among top 9 trading ideas for 17 October 2024 (17-10-2024)
The Indian market may consolidate on Thursday. Nifty faces resistance at 25,000 zones. It is expected to trade between 24,500 to 25,500 levels. Analysts recommend specific stocks for short-term gains. Investors should monitor key support and resistance levels and follow the advised stock targets and stop losses cautiously.