Wall Street’s main indexes fell at the open on Thursday, after data showed U.S. inflation was higher than expected in September, keeping the Federal Reserve on track to ease interest rates by 25 basis points at its next meeting.
Posts in category Economic Times
These 7 healthcare stocks hit 52-week highs, rallied up to 12% in a month (10-10-2024)
The Sensex gained 144 points on Thursday, closing at 81,611. Seven healthcare stocks hit their 52-week highs, suggesting strong performance and potential for future growth.
Anand Rathi Q2 Results: Cons PAT jumps 32% YoY to Rs 76 crore. Rs 7/share interim dividend declared (10-10-2024)
Anand Rathi Wealth posted a net profit of Rs 76 crores for Q2FY25, up 32% from the previous year. Total revenue rose 32% to Rs 250 crores. AUM grew by 57% to Rs 75,084 crores. The company welcomed 1,066 new client families in the first half of FY25. An interim dividend of Rs 7 per share was declared.
Tech Mahindra, Birlasoft among 5 stocks with long unwinding (10-10-2024)
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
Bank of Baroda, IRCTC among 5 stocks with short covering (10-10-2024)
Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest.
Tech view: Bears in control of market, Nifty forms inside day candle. How to trade tomorrow (10-10-2024)
Nifty formed an inside day pattern, indicating sideways movement. Bears are in control, using pullback rallies to create short positions. Support at 24,950-25,000 and 24,750. Resistance at 25,100 and 25,250-275. Analysts suggest buying on dips, with a stop loss at 24,800.
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (10-10-2024)
Cipla, Tech Mahindra, Trent, Sun Pharma and Hero MotoCorp were among the top losers on NSE in today’s trade.
VMS TMT files DRHP with SEBI for fundraising via IPO (10-10-2024)
VMS TMT filed draft prospectus for IPO to raise funds for solar power plant, working capital, debt repayment, and general corporate purposes. Proceeds will also be used for backward integration and diversification into MS pipes.
IREDA Q2 Results: PAT jumps 36% YoY to Rs 388 crore, revenue up 38% (10-10-2024)
State-run Indian Renewable Energy Development Agency (IREDA) on Friday reported a net profit of Rs 388 crore for the quarter ended September 30, 2024 which was up 36% over Rs 285 crore reported by the company in the year ago period. Revenue from operations in Q2FY25 stood at Rs 1,629 crore which was up by 38% against Rs 1,177 crore reported by the company in Q2FY24.
Stock market update: Fertilisers stocks up as market rises (10-10-2024)
The 30-share BSE Sensex closed up 144.31 points at 81611.41