Sales decline 41.49% to Rs 3.54 crore
Onesource Ideas Venture reports standalone net profit of Rs 0.52 crore in the September 2024 quarter (24-10-2024)
Sales reported at Rs 14.84 crore
Equinox India Developments reports standalone net loss of Rs 11.04 crore in the September 2024 quarter (24-10-2024)
Sales reported at Rs 5.59 crore
Tesla surprises with sales forecast and cost efficiency, shares jump (24-10-2024)
Tesla CEO Elon Musk expects vehicle sales to grow 20% to 30% next year, reassuring investors about the company’s profitability in selling electric vehicles. Musk also mentioned plans to roll out driverless vehicles offering paid rides next year in California and Texas after regulatory approval. Tesla aims to expand its vehicle lineup by 2025.
Bears circle China’s yuan gearing for Trump win (24-10-2024)
China’s yuan is under pressure from the potential return of Donald Trump as U.S. president, amidst low domestic yields and hoarding of dollars by exporters. With possible higher U.S. tariffs, the currency may weaken further. Authorities appear to prefer a weak yuan to bolster export revenues.
Gold record rally stalls on higher US dollar, yields (24-10-2024)
Gold prices remain steady after hitting a record high amid U.S. election concerns and Middle East tensions. The stronger dollar and increased U.S. Treasury yields counter safe-haven demand. Spot gold stood at $2,718.32 per ounce. U.S. economic indicators show potential Federal Reserve rate cut. Palladium, platinum, and silver prices also saw slight increases.
Oil prices edge higher, on track for 3% weekly gain (24-10-2024)
Oil prices increased slightly after a significant drop, influenced by a larger-than-expected rise in U.S. crude inventories and ongoing conflict between Israel and Hezbollah. Economic activity in the U.S. remains steady, with recent data influencing Federal Reserve rate cut expectations.
Market Today: ITC Q2, FIIs, Oct mfg PMI, Korea dodges technical recession (24-10-2024)
Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October