Gold hits a record high at $2,778.79 per ounce due to U.S. election uncertainty and upcoming economic data. U.S. gold futures also rise, showing a bullish market. Investors are focused on forthcoming economic indicators, including ADP employment data and the Fed’s interest rate decision on Nov. 7.
Nifty Bank eyes bullish breakout on charts; check support, target and more (30-10-2024)
The Nifty Bank Index remains range-bound between 52,577 and 51,000, but recent indicators suggest a positive outlook with yesterday’s strong close signaling a potential breakout on the upside
US dollar rally pauses before jobs data, Aussie droops on RBA outlook (30-10-2024)
The dollar is close to a three-month peak with mixed U.S. indicators on jobs and consumer confidence. Australia’s rate cuts appear unlikely due to high inflation in services. Rising speculation on Trump’s election victory impacts markets. In Europe, GDP data will influence ECB rate decisions, while the UK’s budget seeks to address financial gaps.
Oil prices steady on shrinking U.S. crude inventories (30-10-2024)
Oil prices stabilized after a surprise drop in U.S. crude and gasoline inventories. Brent crude and U.S. West Texas Intermediate crude saw slight gains. This came after two sessions of losses due to easing Middle East hostilities. Official U.S. government data on crude oil and fuel stocks is expected later.
Nasdaq hits record high as Alphabet earnings beat estimates (30-10-2024)
The Nasdaq reached a record high, while the S&P 500 rose modestly and the Dow fell, as investors assessed corporate earnings. Alphabet, a key tech stock, surpassed revenue estimates, highlighting the week’s critical earnings reports. However, mixed results in sectors like housing and autos, along with rising Treasury yields, temper market gains.
BoB, MCX, REX: Top stock picks by Chandan Taparia of MOFSL; check targets (30-10-2024)
Bank of Baroda stock has broken out of a double bottom pattern on the daily chart and closed above its crucial 250 zones
Vinay Rajani of HDFC Securities recommends buying these two stocks today (30-10-2024)
Bank of Baroda’s price has broken out from the downward sloping trend line on the daily chart. Stock price has risen with the jump in volumes.
‘Request you to study Delhi model’: Arvind Kejriwal hits back at PM Modi’s criticism over Ayushman Bharat scheme (30-10-2024)
Arvind Kejriwal, former Delhi CM, defends the Delhi government’s health scheme after PM Modi’s criticism over not implementing Ayushman Bharat. Kejriwal asserts complete free treatment for Delhi residents and highlights irregularities in Ayushman Bharat, urging a nationwide adoption of the Delhi model for better public health outcomes.
Mutual Fund Portfolio Review- Suggestions (30-10-2024)
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