Gold December futures opened at Rs 78,230, down 0.38%; silver at Rs 96,247, down nearly 1%. Analysts suggest selling strategies amid mixed market signals and geopolitical tensions.
F&O Radar| Deploy Bear Put Spread in Nifty to play a weak market (28-10-2024)
Nifty index faces its fourth week of decline, with significant call open interest suggesting resistance at 24,500 and 24,400. High put open interest is at 24,000, 24,200, and 24,400 strikes. Traders are advised to remain cautious and consider Bear Put Spread strategies amid prevailing bearish sentiment.
Holmarc Opto-Mechatronics – R&D play (28-10-2024)
It seems competition is high in this business – Margins coming down. Will they be able to ramp up sales without affecting margins. whats the use of increasing sales if profits are the same – in holmarc case profit is declining.
EPS down due to dilution in IPO.
IndiGo shares tumble 13% after slipping to Rs 987 crore loss in Q2. Should you invest? (28-10-2024)
InterGlobe Aviation’s IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY. Revenue rose 14% to ₹16,970 crore. Major reasons include aircraft groundings and high fuel costs. Analysts have adjusted target prices and ratings accordingly.
Kewal Kiran gains after Q2 PAT rises 36% YoY to Rs 68 cr (28-10-2024)
Kewal Kiran Clothing (KKCL) jumped 2.84% to Rs 612.85 after the company’s consolidated net profit jumped 36.23% to Rs 67.65 crore on 17.43% increase in revenue from operations to Rs 308.23 crore in Q2 FY25 over Q2 FY24.
Indices trade with tiny gains; Nifty above 24,200 (28-10-2024)
At 09:30 IST, the barometer index, the S&P BSE Sensex, added 137.54 points or 0.17% to 79,539.83. The Nifty 50 index rose 35.05 points or 0.14% to 24,215.85.
UK Budget: What to Know Before Labour’s Announcement (28-10-2024)
The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.