Sensex and Nifty recovered after a six-day slump with major gains in Trent, Sobha, and SpiceJet. Trent’s stock shows potential for further upside, Sobha is seen as a good long-term buy, while SpiceJet is recommended to be avoided due to low trading volumes.
Stocks to Watch: RIL, TaMo, Torrent Power, Tata Tech, Patanjali Foods (09-10-2024)
Stock Market Today: Analysts anticipate a weak Q2FY25, with potential profit dips due to declining refining margins for Reliance Industries.
Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut (09-10-2024)
The U.S. dollar remained stable, easing pressure on the yen and other major currencies, as investors considered the Fed’s interest rate path. The New Zealand dollar dropped after the RBNZ cut rates by 50 basis points. Upcoming U.S. inflation data will be crucial for the dollar’s trajectory.
Gold prices steady with Fed minutes on tap (09-10-2024)
Gold prices remain steady ahead of the release of the Federal Reserve’s September meeting minutes. Traders anticipate signals on U.S. interest rate policies and are also eyeing upcoming CPI and PPI reports. Boston Fed President suggests likely interest rate cuts amid weaker inflation trends, while geopolitical tensions in the Middle East persist.
Wall Street ends higher on tech buying as investors wait on inflation data (09-10-2024)
Wall Street’s benchmarks saw a rebound driven by tech stocks as investors eyed upcoming inflation data and third-quarter earnings. Lower Treasury yields favored high-growth tech companies. Major indexes like the S&P 500, Nasdaq, and Dow Jones showed gains. Key indicators include the recent jobs report and anticipated CPI data for interest rate predictions.
Praveen’s portfolio (Coffee Can) (09-10-2024)
It was a small position for me because their numbers looked good. I sold later though. If you search for talbros engineering in this website, you should come across some posts from me
“BJP’s increased vote share indicate growing confidence in PM Modi’s leadership”: Tarun Chugh (09-10-2024)
BJP leader Tarun Chugh highlights the increased vote share in Jammu and Kashmir assembly elections as a sign of growing confidence in PM Modi’s leadership. BJP won 29 seats with 25.64% vote share, surpassing its previous tally. Chugh assures continued efforts for the region’s development.
Nifty Bank, Private Bank: Buy on dips strategy suggested, keys levels here (09-10-2024)
The Nifty Bank Index is positioned near its key support levels, making this an ideal time to adopt a “buy on dips” strategy.
India, South Korea bonds to join FTSE Russell EMGB index starting Sept 2025 (09-10-2024)
In March review, FTSE had deferred inclusion of Indian bonds in its index due to taxation, registration and settlement issues but acknowledged India’s progress in the accessibility of the securities