Longer-term, private banks look attractive; bullish on domestic pharma: Nitin Raheja (14-10-2024)
Nitin Raheja from Julius Baer Wealth Advisors believes private banks offer attractive valuations for long-term investments. The banking sector is seen as promising, despite regulatory challenges being priced in. The Nifty index, driven largely by financials, has room to grow. Mixed trends are observed in the festive sales, with potential for rural FMCG revival.
Stock Market LIVE Updates: GIFT Nifty signals higher open for India markets; Asia markets mixed (14-10-2024)
Stock Market Today: Markets in India were likely to open with a slight upside on Monday, indicated GIFT Nifty futures, which were trading around 50 points ahead of Nifty futures last close.
Baba Siddique’s murder 100 per cent failure of govt, law and order: Congress MP Imran Masood (14-10-2024)
Congress MP Imran Masood and AIMIM leader Waris Pathan criticized the Maharashtra government for failing to protect NCP leader Baba Siddique, who was killed after receiving death threats. Both leaders pointed to the government’s inability to maintain law and order as a significant issue.
Stock to watch: Network18 shares in focus after company sees losses widen in Q2 (14-10-2024)
Shares of Network18 Media & Investments are expected to gain attention on Monday after the company reported a consolidated loss of Rs 221 crore for the September quarter, up from Rs 83 crore in the same period last year. The company also noted that TV advertising was low, impacting overall revenues.
India’s forex reserves drop by $3.71 billion to $701.176 billion (14-10-2024)
The foreign currency assets, a major component of the reserves, decreased by USD 3.511 billion to USD 612.643 billion, the data released on Friday showed.
Stock to watch: HCL Tech shares in focus ahead of Q2 results (14-10-2024)
HCL Tech Share Price: HCL Tech’s Q2 FY25 results are to be announced, with revenue growth expected between 7-9% YoY. Broking firms predict revenue figures between Rs 26,672 crore and Rs 28,710 crore. Net profit estimates range from Rs 3,832 crore to Rs 4,097 crore, showing 4.9% to 15% growth.
Baba Siddique, NCP leader, gunned down in Mumbai (14-10-2024)
Despite the heavy security presence during the Dussehra celebrations, Siddique was gunned down on a busy street. He was rushed to Lilavati Hospital but was pronounced dead shortly after arrival.
Narmada Macplast Drip Irrigation Systems standalone net profit rises 280.00% in the September 2024 quarter (14-10-2024)
Sales rise 1533.33% to Rs 0.98 crore