‘Energy transition, robust economy to support rupee’ (16-10-2024)
India has made significant strides in reducing its carbon intensity, with a 33 per cent reduction between 2005 and 2019, as per a UN report
Nifty may attain 27,867 in one year, says Prabhudas Lilladher, bets on BEML, HDFC AMC (16-10-2024)
Prabhudas Lilladher has given a one-year target of 27,867 for Nifty at its 15-year average PE of 19.1x. The brokerage firm has conviction on stocks like BEML, Cyient, and HDFC AMC among others. The market has shifted in favor of defensive sectors like FMCG, IT Services, Pharma, and Consumer Durables.
Flying Into Storms Improves Forecasts, but It Is Rare in Asia’s Typhoon Alley (16-10-2024)
While observational flights have improved forecasts for many storms in the Americas, such flights have been far fewer for storms that have hit Asia.
India’s trade deficit narrows to $20.78 billion in September (16-10-2024)
Indias trade deficit or the gap between imports and exports was USD 20.78 billion during the month of September. The trade deficit narrowed from $29.7 billion a month back, according to data released on October 16, as merchandise export growth turned positive for the first time in three months. India’s merchandise exports in September slightly rose to USD 34.58 billion against USD 34.41 billion a year ago. Imports increased by 1.6 per cent to USD 55.36 billion in September compared to USD 54.49 billion in the year-ago period.
HDFC AMC jumps 17% in seven days; crosses 1-trillion MCap (16-10-2024)
HDFC Asset Management Company rallied 6.38% to Rs 4838.90, extending gains for the seventh consecutive trading session.
Gala Precision Engineering shares skyrocket 15% due to heavy volume (16-10-2024)
On the NSE alone, the trading volume of Gala Precision Engineering jumped to 4,13,933, nearly 7 times its weekly average volume of 63,527, leading to a surge in the stock price
PVR Inox: Analysts optimistic on PVR Inox citing robust movie lineup in Q3 (16-10-2024)
Brokerages bet heavily on upcoming movie releases, including Bhool Bhulaiyaa 3, Singham Again, Baby John, Pushpa 2, and Kanguva