Zerodha doesn’t push users to trade, which is good for customers in the long run, says its founder Nithin Kamath. This is why people trust Zerodha. Counter-intuitively, this hurts the business. With everybody chasing “engagement,” many things on the internet have become annoying and unusable, he said.
European shares slip on auto pressure, set for weekly loss (25-10-2024)
German automaker Mercedes-Benz fell 3.7% after third-quarter earnings in core car division massively missed estimates, while Valeo shed 7.5% as the automotive supplier cut its annual sales guidance for the second time this year.
Indo-German collaboration has seen significant growth in last decade (25-10-2024)
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Hero MotoCorp seen as a rural proxy, says UBS as it cuts target price (25-10-2024)
UBS cut the target price of Hero MotoCorp to Rs 3,300, reiterating their ‘sell’ rating. The market appears to like Hero as a rural proxy, while expecting a rural demand revival and a turnaround in its premium 2-wheelers. UBS believes the market is too optimistic regarding Hero’s rural moat.
NRB Industrial Bearings Ltd leads losers in ‘B’ group (25-10-2024)
Suryoday Small Finance Bank Ltd, Vishal Bearings Ltd, Bliss GVS Pharma Ltd and Soma Textiles & Industries Ltd are among the other losers in the BSE’s ‘B’ group today, 25 October 2024.
Election Odds Swing in Trump’s Favor on Polymarket, a Crypto Betting Site (25-10-2024)
Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.
‘Trump Trade’ of Large Tariffs and Deficits Looms as Market Braces for 2024 Election (25-10-2024)
As investors have focused on the potential fiscal and economic impact of the Republican candidate’s proposals, yields on Treasury debt have risen.
Market sell-off continues; PSU bank shares underpressure (25-10-2024)
At 14:27 IST, the barometer index, the S&P BSE Sensex, tumbled 891.91 points or 1.11% to 79,173.25. The Nifty 50 index dropped 318.15 points or 1.30% to 24,081.25.