Akhilesh Yadav, leader of the Samajwadi Party, visited the Jayaprakash Narayan International Centre. The Lucknow Development Authority had denied him permission due to security concerns at the construction site. Yadav criticized the Uttar Pradesh government for blocking access to the site on Jayaprakash Narayan’s birth anniversary. He accused the BJP of disrespecting freedom fighters.
Akhilesh Yadav slams BJP after denied permission for tribute at Jayaprakash Narayan Centre in Lucknow (11-10-2024)
Akhilesh Yadav, leader of the Samajwadi Party, visited the Jayaprakash Narayan International Centre. The Lucknow Development Authority had denied him permission due to security concerns at the construction site. Yadav criticized the Uttar Pradesh government for blocking access to the site on Jayaprakash Narayan’s birth anniversary. He accused the BJP of disrespecting freedom fighters.
China stocks open down, investors anticipate more stimulus (11-10-2024)
China’s stock market opened lower on Friday as investors await potential fiscal stimulus announcements from a finance ministry press conference scheduled for Saturday, following a week of slowed momentum despite recent gains from earlier stimulus measures.
Market Today: TCS Q2 nos, NSE weekly options changes, Oil gains, Israel war (11-10-2024)
At 6:30 AM, GIFT Nifty Futures were trading 39 points lower at 25,079 levels, indicating a weak start for the Indian bourses.
Berkshire Hathaway raises $1.9 bln in global yen bonds, set to boost Japan bets (11-10-2024)
Warren Buffett’s Berkshire Hathaway raises $1.9 billion through a yen-denominated bond sale, marking its largest Japanese currency bond deal in five years. The raised funds will be used for general corporate purposes, signaling increased interest in Japanese assets and boosting foreign investment in Japan’s stock market.
Buffett’s Berkshire cuts stake in BofA to below 10% (11-10-2024)
Billionaire Warren Buffett’s Berkshire Hathaway sold 9.5 million Bank of America shares this week, lowering its stake to below 10%. Berkshire has been reducing its holdings since mid-July, having initially invested $5 billion in 2011. Investors will await quarterly reports for further updates.
Wall Street ends slightly lower after higher than expected inflation, jobless claims (11-10-2024)
Wall Street’s indexes fell as investors examined higher-than-expected inflation and jobless claims for clues on the economy and interest rates. The Dow, S&P 500, and Nasdaq recorded losses. Rising oil prices boosted energy shares, while airlines and Pfizer declined. Traders anticipate a probable Federal Reserve rate cut in November amid mixed signals from economic data.
Stocks to Watch: TCS, Tata Elxsi, NBCC, Zydus Lifesciences, JSW Steel (11-10-2024)
Stock Market Today: TCS reported a net profit of Rs 11,909 crore for Q2FY25, up 5 per cent year-on-year but down 1.08 per cent sequentially.
Stock Market Live Updates 11 October 2024: Stock to buy today: Laurus Labs (₹465) (11-10-2024)
Sensex, Nifty, Share Price LIVE: The stock of Laurus Labs depreciated in the second half of September. It extended the downswing in the first week of October as well. However, it found support at ₹430 this week. At this point, trendline support and the 200-day moving average coincide, making it a strong base. Corroborating this, the scrip has rebounded from this level. Going ahead, we expect the stock of Laurus Labs to build further momentum in the rally and touch ₹530 in the near-term.