Support for Nifty is now seen at 24,950-25,000 and 24,750. On the higher side, immediate resistance is at 25,100 levels and the next resistance zone is at 25,250-275 levels, Tejas Shah of JM Financial & BlinkX.
Stocks in news: Mazagon Dock, JSW Steel, TCS, IREDA, Just Dial (11-10-2024)
Mazagon Dock Shipbuilders announced the receipt of a purchase order from Maharashtra State Power Generation for the supply, installation, and commissioning of an AI-based project.
Asian stocks climb as traders downplay hot CPI (11-10-2024)
A gauge of US-listed Chinese companies advanced Thursday, echoing gains in China in the prior session, as investors shifted their focus to a key meeting on fiscal policy this weekend. Hong Kong markets are closed for a holiday on Friday.
India deal lifts TCS Q2 revenue (11-10-2024)
CEO K Krithivasan cited “some signs of improvement, most notably in financial services in North America,” acknowledging that the “demand outlook continues to remain cautious”, on an analyst call after earnings were announced. A planned press conference was cancelled due to the death of Ratan Tata.
ESMA committed to reach new deal on clearing houses (11-10-2024)
ET had reported on October 9 that German lender Deutsche Bank had received approval from BaFin to carry on transacting with the Clearing Corporation of India (CCIL) beyond an October 31 deadline. CCIL hosts the platform for trade in Indian government bonds. Among European banks with operations here, Deutsche Bank is a large player in the bond and swap markets as well as a key provider of custodian services for international clients.
Divi’s may not lose on Nifty exit, Trent faces entry test (11-10-2024)
A study by ETIG has shown that two out of three times over the past 10 years, the outgoing stock has either outperformed or matched the performance of the incoming stock in the Nifty.
RBI accepts nearly Rs 25,000 crore bids in bond buyback (11-10-2024)
In its earlier auctions, the RBI accepted bids worth a smaller quantum than the total notified amount of the auction. This is because the central bank and the government were likely uncomfortable with the price levels that banks were earlier offering. The RBI is the manager of the government’s debt.
Adani Enterprises raises $ 500 million via QIP (11-10-2024)
The QIP attracted investors such as GQG Partners, Quant Mutual Fund, SBI General Insurance, SBI Life Insurance and HDFC Life Insurance along with a few ultra-high net worth individuals, the people said.
Tata stocks rally, D-St confident RNT values will sustain (10-10-2024)
Tata Investment Corporation, TRF, Tata Teleservices (Maharashtra), Tata Chemicals, Automobile Corporation of Goa, Tata Elxsi, Tejas Networks, Nelco, Automotive Stampings & Assemblies, Tata Technologies, Tata Power Company, Rallis India, and Indian Hotels Company gained between 3% and 15% on Thursday.
Sai Silks (Kalamandir) – only listed player in the organized saree market (10-10-2024)
I am quite convinced with the management reply on Q1 results due to very less or no wedding dates in the Q1.
Regarding margins I think they have different format stores, which has different margin profile. If we can get Vara maha Lakshmi stores margin profile then it would be helpful to access.
Tracing this company from last 2 quarters, I feel we will see good grown in numbers as they keep on adding Vara maha Lakshmi stores in TN & KA as avg invoice value of these stores is highest among all formats and PE expansion also should be there as they grow in numbers and expand margins going forward.