Wall Street’s stock indexes closed lower with the Nasdaq falling 1%, hit by declining chip stocks due to demand concerns and potential export caps on AI chips. Energy stocks also tumbled as oil prices fell. Despite some positive earnings, UnitedHealth shares plunged, and Citigroup reported mixed results. Defensive sectors like real estate outperformed.
Gold holds steady as attention turns to US data (16-10-2024)
Gold prices remained steady in early Asian trading as investors watched for U.S. economic data to gauge future Fed rate cuts. Market participants expect a high probability of a 25 basis point cut in November. Key U.S. retail sales, industrial production, and jobless claims data are anticipated.
Sterling & Wilson Solar Ltd. – Will the Sun Keep Shining? (16-10-2024)
Any connection between the RILs launch of solar panels in Q4 2024 and trigger of its mega solar plant? At present they are going slow using the pilot plant as a excuse.? Can it be RIL solar panels with SW EPC?
“EVM batteries have signatures of party representatives”: CEC Rajiv Kumar discards Congress allegations (16-10-2024)
Chief Election Commissioner Rajiv Kumar addresses concerns about varying EVM battery levels, asserting the safety and robustness of Electronic Voting Machines with single-use calculator-like batteries, multi-layered security, and political party representatives’ signatures to ensure transparency during the Maharashtra and Jharkhand poll dates announcement.
GIFT Nifty down 70 points; here’s the trading setup for today’s session (16-10-2024)
The short-term trend of Nifty continues to be choppy and the market is now placed within a broader range of 25,200-24,900 levels. A decisive move above 25,200 levels could open the next upside of around 25,500-25,600 levels in the near term. Immediate support is placed at 24,900 levels, said Nagaraj Shetti of HDFC Securities.
Stocks in news: Bajaj Auto, Cochin Shipyard, LTTS, Central Bank of India, Rallis India (16-10-2024)
The government will sell up to 5% stake sale in the company via an offer for sale (OFS). The OFS will opened on Tuesday and the floor price is fixed at Rs 1,673.
Asian stocks slide as tech selloff hurts risk mood (16-10-2024)
Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong. S&P 500 futures were little changed after the benchmark slid 0.8% on Tuesday. Treasuries were steady while oil clawed back some gains in early trading after plunging Tuesday.
Stock Market Live Updates: Sensex, Nifty open in red; IT stocks drag (16-10-2024)
Sensex, Nifty, Share Prices LIVE: The Indian benchmark indices opened lower on Wednesday. Sensex traded marginally lower by 135.68 pts, or 0.17%, at 81,684.44 as of 9:20 am, while Nifty 50 traded at 25,029.85, down by 27.50 pts, or 0.11%. Among the big companies, Bajaj Auto and L&T Technology Services will declare their results for September quarter today. “We expect markets to consolidate in the near term in the absence of any major triggers. Although Q2 results would continue to provide stock-specific action,“ said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Sebi hikes position limits for index F&O (16-10-2024)
The overall position limits for client and proprietary trades, in index futures and options contracts will be set at ₹7,500 crore or 15% of the total open interest or outstanding positions in the market, Sebi said in a circular on Tuesday. This would come into effect immediately.