Insolation Energy added 2.24% to Rs 3546.50 after the company’s wholly owned subsidiary, Insolation Green Energy received purchase order worth Rs 208.31 crore from Zetwerk Manufacturing Business for supply of solar PV modules at Gujarat.
Quick Wrap: Nifty FMCG Index declines 2.83% (24-10-2024)
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V2 Retail – Second innings playing out well (24-10-2024)
Wrote a blog post highlighting the trend building up in Value Fashion-
Market ends with minors cuts; FMCG shares slide; VIX drops 4.46% (24-10-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, shed 16.82 points or 0.02% to 80,065.16. The Nifty 50 index lost 36.10 points or 0.15% to 24,399.40.
IndusInd Bank Q2 Results: PAT slumps 39% YoY to Rs 1,325 crore, NII rises 5% (24-10-2024)
IndusInd Bank Q2 Results: The reported profit missed Street estimates of Rs 2,138 crore. It was Rs 2,181.47 crore in Q2 FY24. The net interest margin fell to 4.08%, down 21 bps YoY from 4.29% and 18 bps QoQ. Deposits grew 15% YoY, surpassing Rs 4 lakh crore mark, to Rs 4,12,317 crore from Rs 3,59,548 crore.
Market Wrap: Sensex, Nifty end marginally lower, extend losing streak to four sessions in row (24-10-2024)
Indian headline indices fell for the fourth consecutive session on Thursday let down by auto and FMCG stocks. While the S&P BSE Sensex settled at 80,065.16, down by 17 points, the broader Nifty closed at 24,399.40, lower by 36.10 points or 0.15%.
Trump victory to mean more volatility; local flows may take high growth SMIDs to bubble valuations: Gautam Baid (24-10-2024)
Gautam Baid analyzes the impact of Trump’s presidency on financial market volatility and India-US relations, especially concerning tariffs and exports. He foresees a focus on domestic manufacturing and agrochemicals, backing stocks like Insecticides India. Baid warns about elevated valuations due to mutual fund flows and expects continued SIP-driven market resilience.
Rupee ends flat on state-run banks’ dollar sales support, while outflows weigh (24-10-2024)
The rupee closed at 84.0775 against the U.S. dollar, compared with its close at 84.08 in the previous session. It hit a record low of 84.0825 earlier in the week.