Posts in category Economic Times
Dollar nurses losses after another set of soft jobs data (10-05-2024)
The dollar's retreat followed data showing a jump in initial claims for U.S. state unemployment benefits which, coming on top of last week's weak payrolls report, furthered risk-taking in a market that has been vacillating for weeks on when and how much the Federal Reserve will cut rates this year.
Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes (10-05-2024)
U.S. Federal Reserve policy has been the main driver of investor sentiment in 2024. Renewed hopes the central bank will cut rates have pushed the Dow to its biggest rally since December. It closed at its highest since April 1.
JPMorgan says India index inclusion on track, most clients ready (10-05-2024)
“Based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of our index clients already set up to trade in the IGB market,” managing director Gloria Kim said in an emailed reply to questions.
Quess reports highest ever quarterly revenue, annual EPS up by 24% y-o-y (10-05-2024)
The company’s board has recommended a final dividend of Rs 6 per share which makes the total dividend payout for the financial year 20023-24 to Rs 10 per share. The company reported an earning per share (EPS) of Rs 6.31 (184% increase year-on-year) for the March quarter and Rs 18.61 (24% jump year-on-year) for the financial year 2023-24
SBI Q4 net profit surges 24% to a record (10-05-2024)
Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The Mumbai-based bank has kept a ₹1,700-crore buffer for any future pension needs.
Indices sink as Dalal Street takes cues from Poll Street (10-05-2024)
The selloff resulted in markets shedding ₹7.5 lakh crore in market capitalisation. Growing chatter on social media and betting trends in the unofficial satta bazaar suggesting that the BJP numbers could be lower than anticipated has made investors nervous.
GIFT Nifty up 60 points; here’s the trading setup for today’s session (10-05-2024)
"We expect this volatility to continue in the near term in the absence of any major positive trigger. Now till Nifty holds below 22000 zones, weakness could be seen towards 21700," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: Tata Motors, Bank of Baroda, Cipla, BPCL, Manappuram Finance (10-05-2024)
State-run BPCL on Thursday posted a 35% drop in its standalone net profit at Rs 4,224 crore in the fourth quarter, compared with Rs 6,478 crore in the last year period.