The Nifty Bank index was trading 0.05 per cent down at 51878.3.
Here’s why Bhageria Industries shares gained 5% on October 16; details (16-10-2024)
Bhageria Industries shares rose after it announced securing an award from MSEDCL, for Solar power developer (SPD) for Solar Photovoltaic power generating stations
Manappuram Finance (16-10-2024)
This has been a value trap and I have written about it previously. You cannot say that in past it has given this return so in future as well that should repeat. Well that can repeat in future but how far in future no one knows.
IFB Industries zooms 20%, hits record high on stable demand outlook (16-10-2024)
IFB Industries share price: The management highlighted that the washer business showed good signs in August, 2024, and is well poised for a good performance in Q2 and Q3 of FY25
HDFC Asset Management Company (16-10-2024)
HDFC AMC came out with great results.
Capital Market plays should do well given the low base. I also see many plays where the market share has gone down in AMC world can revive their respective market shares.
PSU sponsored AMCs stand a good chance to revive plus AMCs with ETF also stand well.
Bharat Forge shares drop 0.72% as Sensex falls (16-10-2024)
On the technical charts, the RSI of the stock stood at 37.44.
Dollar Index holds firmly above 103 mark; US data in focus (16-10-2024)
The US dollar index inched lower in Asian trades on Wednesday in line with a pullback in US benchmark treasury yields following the Federal Reserve Bank of New York report showing regional manufacturing activity has returned to contraction in the month of October. The New York Fed said its general business conditions index tumbled to a negative 11.9 in October from a positive 11.5 in September, with a negative reading indicating contraction. The US treasury yields were trading at around 4% while the dollar index held remarkably close to 103 mark as inventors continue to access US data for Federal rate action path. Looking ahead, retail sales, industrial production, and the Philadelphia Fed Manufacturing Index reports are likely to guide the outlook further. Among basket currencies, EURUSD and GBPUSD are quoting at $1.0917 and $1.3073 respectively.
Aditya Birla Sun Life AMC gains 8% on plan to launch 3 private credit funds (16-10-2024)
Aditya Birla Sun Life AMC plans to launch three private credit funds that cater to substantial growth in the alternative investment market
Stock market update: Stocks that hit 52-week lows on NSE (16-10-2024)
Trent, M&M, Nestle India, Maruti Suzuki and Hero MotoCorp were among the top losers on NSE.