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What does D-Street want from Budget 2024? Siddhartha Khemka answers; shares top picks (20-07-2024)
The new government is expected to largely retain its tax and non-debt capital receipt projections as was presented during the Interim Budget in February. In that case, a transfer of Rs 2.11 trillion by the RBI translates into excess receipts of about Rs 1.5 trillion in FY25. A considerable part of it is likely to be spent under various heads, while a small portion could be used to reduce the fiscal deficit.
Techno electric engg ltd (20-07-2024)
Massive lineup of fund houses despite the allotment price.
Oberoi Realty Q1 PAT soars 82% YoY to Rs 584 cr (20-07-2024)
The real estate developer's consolidated net profit surged 81.73% to Rs 584.51 crore in Q1 FY25 as against Rs 321.64 crore posted in Q1 FY24.
Citigroup sees India luring $100 billion in foreign investment (20-07-2024)
Companies working to help India meet its net-zero goals will be among the beneficiaries of the foreign capital flows, according to K Balasubramanian, head of corporate banking for Southeast Asia and the Indian subcontinent.
Wall Street faces turbulent shift as traders rush to options amid political, monetary uncertainty (20-07-2024)
Monetary and political shifts drive traders to options exchanges, raising tail-risk costs. Fed's potential rate cuts and weak inflation shift investments, boosting ETF inflows. Nasdaq, Bloomberg Magnificent 7 fall; junk bonds, Russell 2000 rise. VIX climbs, reflecting tech bearishness. S&P 500 dips. Bullish options demand rises. Experts warn against Fed delays. Trump's odds improve amidst assassination attempt.
Wall St Week Ahead: Investors count on earning to calm $900 billion US tech rout (20-07-2024)
Second-quarter earnings from Tesla, Alphabet, Microsoft, and Apple might reverse a nearly 6% tech sector loss, $900 billion shed. The S&P 500, down 1.6%, was cushioned by financials. September rate cut expectations, Trump's re-election, and an assassination attempt diverted funds. Philadelphia SE index and Nvidia gains were notably impacted.
Japan’s Nikkei tracks Wall Street lower; chip gains cap losses (20-07-2024)
Japan's Nikkei fell 0.16% to 40,063.79, dipping below the 40,000 psychological mark. Topix dropped 0.27% to 2,860.83. Semiconductor stocks rebounded post-TSMC earnings, with Tokyo Electron and Advantest rising. Renesas Electronics increased 3.6%. U.S. stock declines affected sentiment. Disco fell 4.6%. Namioka anticipates a rebound. Thursday saw a 2% decline, with 159 constituents dropping, and strong revenue is expected.
Gold eases from record highs on firmer dollar (20-07-2024)
Gold prices drop by more than 1% due to a stronger dollar and profit-taking after recent highs. Market uncertainty persists over potential U.S. interest rate cuts. Silver, platinum, and palladium also experience weekly declines amid economic fluctuations.