Oil prices increased on supply concerns in the Middle East and higher fuel demand due to a major storm in Florida. Israel is planning to strike Iran. U.S. President Biden discussed the issue with Israeli Prime Minister Netanyahu. A recent storm has raised demand for gasoline in Florida, contributing to higher crude prices.
Market Today: Ratan Tata dies, TCS Q2, GIFT Nifty up 100 pts, Israel war (10-10-2024)
At 6:30 AM, GIFT Nifty Futures were up 123 points at 25,207, indicating a gap-up opening for the Indian bourses.
US equities rise after Fed minutes; inflation data and earnings in focus (10-10-2024)
Wall Street stocks rose on Wednesday, with the S&P 500 and Dow reaching record highs after Federal Reserve meeting minutes were released. Alphabet shares dropped 1.5% amid potential antitrust actions. Investors are eyeing upcoming inflation data and the earnings season. Hurricane Milton threatens Florida while Boeing shares declined following union talks breakdown.
Gold prices flat ahead of US inflation print (10-10-2024)
Gold prices remain stable as traders anticipate U.S. inflation data, which could influence the Federal Reserve’s monetary policy. Spot gold is nearly flat at $2,609.72 per ounce. Markets see a high chance of a rate cut in November. Lower rates can make holding gold more attractive. The U.S. CPI data is awaited.
Buy & Sell, Oct 10; top stock picks by Ajit Mishra of Religare Broking (10-10-2024)
Havells witnessed a sharp rally after a breakout from multi-month consolidation phase. However, in line with market corrective phase, the stock retraced towards the neckline of its previous breakout
Dollar hovers near two-month peak as Fed easing bets ebb before inflation data (10-10-2024)
The U.S. dollar nears a two-month high as traders scale back expectations for rate cuts, spurred by strong payroll data. Markets anticipate steady core inflation from the upcoming CPI report. The euro and yen show minimal movement, while the Australian dollar dips amid China’s lackluster stimulus news.
Stocks to Watch: Tata stocks, AEL, Vedanta, JSW Infra, ICICI Sec, Jio Fin (10-10-2024)
Stock Market Today: Star Health Insurance is undergoing a forensic investigation after a significant data breach affecting 31 million customers.
ICICI Securities Ltd (10-10-2024)
NCLT already approved the merger and dismissed minority shareholders plea saying one must have more than 10% shareholding to raise voice.
NCLAT intervened and said if someone is raising voice it means he’s aggrieved and he also has the right.
Now what happened? Why NCLT again dismissed the plea? RBI and NCLT are working overtime suppressing minority shareholders rights.