Gold and silver December futures showed minor gains at MCX, with gold at Rs 76,357 per 10 grams and silver at Rs 93,130/kg. Market movements were influenced by geopolitical tensions in the Middle East, rising crude prices, and upcoming U.S. job data. Analysts suggest buying on dips, with set support and resistance levels.
Posts in category Economic Times
Buy Avenue Supermarts, target price Rs 5,800: Motilal Oswal Financial Services (04-10-2024)
Motilal Oswal Financial Services has buy call on Avenue Supermarts with a target price of Rs 5,800. The current market price of Avenue Supermarts is Rs 4,760.35.
Stock market update: Nifty Pharma index advances 0.3% in an upbeat market (04-10-2024)
The Nifty Pharma index was trading 0.3 per cent up at 23248.3.
JM Financial and 3 stocks close below VWAP (04-10-2024)
On October 03, the closing prices of four stocks dropped by more than 2.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
Sell Fine Organic Industries, target price Rs 4,095: Motilal Oswal Financial Services (04-10-2024)
Motilal Oswal Financial Services has sell call on Fine Organic Industries with a target price of Rs 4,095. The current market price of Fine Organic Industries is Rs 5,117.4.
Stocks to buy today: Cipla, TCS among top 8 trading ideas for 4 October 2024 (04-10-2024)
Indian market may consolidate on Friday influenced by mixed global cues. Nifty futures closed at 25,478 on Thursday with a loss of 1.89%. Experts recommend short-term buys in stocks like Dalmia Bharat, Angel One, Granules India, Cipla, TCS, Jubilant Pharmova, HDFC Bank, and Vijaya Diagnostic Centre with specified targets and stop losses.
Rupee turns flat at 83.96 against US dollar in early trade (04-10-2024)
In early trading on Friday, the Indian rupee steadied at 83.96 against the US dollar, bolstered by falling crude oil prices and a weaker dollar against major Asian currencies. However, subdued domestic equity markets and significant foreign fund outflows hindered its recovery. The local stock indices saw minimal movement, while FIIs continued their selling spree amid positive Chinese market developments.
Bears in the driving seat! Sensex drops over 400 points, Nifty slips below 25,100 (04-10-2024)
Blue-chip indices Sensex and Nifty50 opened lower for the fifth straight session, dragged down by weak global cues and declining financial stocks.
HDFC Bank Q2 Update: Deposits jump 15% YoY, advances under management surge 8% (04-10-2024)
HDFC Bank reported a 15% year-on-year rise in deposits to Rs 25 lakh crore for the quarter ending September 2024. Advances under management increased by 8%, reaching Rs 26.33 lakh crore. Gross advances grew by 7% to Rs 25.19 lakh crore. CASA deposits rose 8% to Rs 8.83 lakh crore. The bank’s liquidity coverage ratio averaged 127%.
FIIs withdraw Rs 32,000 crore but India has Rs 2 lakh crore war chest to save Nifty from Israel war (04-10-2024)
In just 4 trading sessions, Sensex dropped over 3,300 points as FIIs pulled out nearly Rs 32,000 crore from D-Street. China’s market appeal and growing fears over the Iran-Israel conflict have spooked global investors. With concerns over high valuations as retail investors remain confident across price points, there is rising uncertainty about a potential market crash during the festive season.