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Gold dips Rs 10, trading at Rs 77,390; silver down Rs 100 at Rs 96,800 (16-10-2024)
Price of ten grams of 24-carat gold in Mumbai is in line with prices in Chennai, Bangalore, Kerala, Pune, Kolkata and Hyderabad at Rs 77,390
Stock to Watch: Bajaj Auto shares in focus ahead of Q2FY25 earnings. Here’s what to expect (16-10-2024)
Shares of Bajaj Auto are set to draw attention as the company is projected to announce a significant YoY revenue increase of 24%-29% for Q2FY25, driven by robust volume growth and higher ASPs. Net profit is also expected to rise by 22%-24%.
If Nifty Bank breaks this resistance then it could move to 53k; details (16-10-2024)
The Nifty Bank Index is currently trading in a defined range of 51,825 to 50,200. A breakout above or below this range will provide a clear direction for traders
Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook (16-10-2024)
Australian and New Zealand dollars fall due to doubts over China’s stimulus and weakening local economic indicators. The New Zealand dollar is further pressured by cooling inflation suggesting aggressive rate cuts, while the U.S. dollar remains strong amid expectations of gradual Federal Reserve rate cuts.
China c.bank drains cash from open market operations (16-10-2024)
China’s central bank, the People’s Bank of China, injected 642.4 billion yuan ($90.23 billion) through seven-day reverse repos to offset the maturing of 789 billion yuan in MLF loans and 61 billion yuan in reverse repo loans, maintaining ample banking system liquidity despite a net cash withdrawal of 207.6 billion yuan.
Big movers on D-Street: What should investors do with HDFC AMC, HCL Tech and Sterling and Wilson? (16-10-2024)
The Benchmark BSE Sensex surged by nearly 592 points; Nifty reclaimed 25,000 on Monday, bolstered by a firm global market trend. Key stocks in focus included HDFC AMC, HCL Tech, and Sterling and Wilson, with significant movements and promising technical indicators suggesting further upside potential.