Dow Jones closed at a record high on Wednesday. Other Wall Street indexes also ended higher, despite declines in tech shares, driven by gains in small-caps and financial stocks. Morgan Stanley hit a record close with strong earnings. Investors showed interest in financial stocks due to a favorable rate environment.
Market Today: Infy, Axis Bank Q2 results; Dow at record; Hyundai India IPO (17-10-2024)
At 6:30 AM, GIFT Nifty Futures were trading about 14 points higher at 25,069, suggesting a flat to positive start for Indian markets.
Ajit Mishra of Religare Broking recommends buying these three stocks today (17-10-2024)
The markets continued their downward trend, losing nearly half a percent as part of the ongoing correction.
Nifty Auto, Energy indices: Buy on dips suggested; check key levels here (17-10-2024)
The Nifty Auto Index is currently positioned at a key juncture on the charts, presenting an opportunity for traders to buy on dips.
GIFT Nifty up 25 points; here’s the trading setup for today’s session (17-10-2024)
“We expect this consolidation to continue amid mixed global cues and a lack of domestic triggers. Index-heavy weights like Infosys, Axis Bank, LTI Mindtree, Wipro, and Nestle are likely to be in focus as they announce their Q2 number on Thursday,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal
Stocks in news: Wipro, Infosys, Axis Bank, Nestle, Bajaj Auto, RIL (17-10-2024)
Shares of Wipro, Infosys, Axis Bank, Nestle and LTIMindtree will be in focus as the companies will announce their second quarter results today.
Asian stocks advance after US small-cap rally (17-10-2024)
Shares in Japan and Australia rose. An index of US-listed Chinese companies rose almost 1% Wednesday in a sign the country’s equities may bounce after two daily declines, as investors digest support measures for the country’s second-largest economy.
As rupee slides, RBI weighs securities threat on Bond Street (17-10-2024)
Officials from RBI’s Financial Markets Regulation Department (FMRD) have informally spoken to banks, particularly foreign lenders, to gauge unwinding of overseas trading positions in Indian debt markets, including those taken in certain interest rate derivatives, people aware of the matter told ET.