Posts in category Economic Times
Big movers on D-Street: What should investors do with RIL, HCL Tech and HDFC Life? (15-10-2024)
Benchmark BSE Sensex surged nearly 592 points, with Nifty reclaiming the 25,000 level amid a strong global trend. Highlighted stocks include RIL, HCL Tech, and HDFC Life, each showing varied performances and trends. Experts advise cautious trading, focusing on technical indicators and price action before making decisions.
Dollar at over two-month high, yen near 150/dlr (15-10-2024)
The U.S. dollar has reached a two-month high as traders expect the Federal Reserve to implement modest rate cuts soon. Meanwhile, the yen is approaching a key level of 150 per dollar. ECB is expected to cut rates in its upcoming meeting. The recent economic data is showing resilience in the U.S. economy.
Gold prices flat as traders await fresh catalysts (15-10-2024)
Gold prices remained steady as traders anticipated new signals from the Federal Reserve regarding U.S. interest rate cuts. Fed Governor Christopher Waller called for caution on rate reductions, while President Neel Kashkari indicated potential further cuts. Investors are also eyeing upcoming U.S. economic data.
Oil prices drop $2 on demand concerns, Israel comments (15-10-2024)
Oil prices dropped by around $2 in early Asian trade on Tuesday after OPEC reduced its forecast for global oil demand growth in the coming years. Additionally, reports indicated that Israel is willing to target Iranian military sites, excluding nuclear and oil facilities. Brent and U.S. crude futures fell significantly.
S&P 500 ends at fresh record high, as Dow scales 43k for first time (15-10-2024)
Wall Street closed higher on Monday, with the S&P 500 and Dow hitting record highs, as investors bought tech stocks ahead of corporate earnings reports. Technology and semiconductor companies led gains, while investors looked forward to crucial economic data and company earning reports later in the week.
GIFT Nifty up 15 points; here’s the trading setup for today’s session (15-10-2024)
“Markets have gradually picked up with Nifty sustaining above the 25k mark. We expect this up-move to continue in the market with stock-specific action,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
Stocks in news: RIL, HCL Tech, HDFC Life, PVR Inox, JSW Infra (15-10-2024)
The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25, which was up 39% from Rs 304 crore reported by the company in the year ago period.
Asian stocks rise tracking US gains; oil declines (15-10-2024)
Benchmark indexes were up in Australia and Japan, and US futures advanced slightly. With earnings reports poised to drive US sentiment this week, the S&P 500 rose almost 1%, notching another record — its 46th this year. That’s a hint investors are not deterred by the reduced forecasts for third-quarter results and are instead betting on positive surprises.