A decisive move above 25,000 levels could possibly open the next upside resistance of 25,400-25,500 in the near term. Immediate support is at 24,700, said Nagaraj Shetti of HDFC Securities.
Stock Market Live Updates: Stock to buy today: Ami Organics (₹1,668.9) (09-10-2024)
Sensex, Nifty, Share Prices LIVE: The stock of Ami Organics has been steadily gaining since mid-August. But after marking a high of ₹1,820 two weeks ago, it reversed direction. Although the price has moderated, the scrip has stayed above key levels. Notably, on Tuesday, the stock rebounded on the back of the 20-day moving average support at ₹1,610.
Asian stocks advance after tech lifts Wall Street (09-10-2024)
Shares in Australia and Japan rose as did Hong Kong equity futures following sharp declines on Tuesday. US equity futures dropped after the S&P 500 rose 1% and the tech-heavy Nasdaq 100 advanced 1.6% Tuesday. Chipmakers were among the market leaders with Nvidia Corp. extending a five-day rally to 14%.
Samhi Hotels – Turnaround with Tailwinds (09-10-2024)
Guilty of confirmation bias
A nice write-up, although I disagree with debt reduction level, here they have extrapolated first quarter debt reduction to all 4 quarter which 52 * 4 = 208, however in q3, q4, the debt was already 65cr only so I don’t think debt will reduce much higher or anywhere close to 50,
TLDR: IMO debt reduction should contribute to 120-140cr to bottom line as per this above article
Stocks in news: Adani Green, Infosys, Torrent Power, Dr Reddy’s, JSW Infra (09-10-2024)
The IT services company expanded its four year collaboration with Old National Bank to accelerate the Bank’s operational and technological transformation.
Goa CM Pramod Sawant attributes BJP’s win to “double-engine govt” in Haryana (09-10-2024)
Goa CM Pramod Sawant credits BJP’s third victory in Haryana Assembly elections to the decade-long development under the “double-engine government”. He congratulates PM Modi, Amit Shah, JP Nadda, and Haryana CM Nayab Saini. Haryana CM Saini also thanks the people and PM Modi for the win. PM Modi lauds the party workers’ efforts.
Parliamentary Finance Panel calls Sebi, other regulators (09-10-2024)
This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by around two-dozen MPs and chaired by BJP MP Bhartruhari Mahtab. Former FM and senior Congress leader P Chidambaram is a part of the 31-member panel.
Good Q2 tidings for life insurers, claims to hit others (09-10-2024)
General insurance companies are likely to see a slowdown in premium income due to muted growth in the motor segment. Also, the claims from natural catastrophes are going to affect the overall profitability of insurance companies. At the same time, standalone health insurance companies are likely to see higher claims due to seasonal diseases and medical inflation.
No big bang for festival season from Nifty50 companies, September quarter to be muted (09-10-2024)
Revenue is expected to grow by 5.6%, the lowest in nine quarters under observation. Net profit may grow by 11% helped by select companies in the banking, finance, pharmaceuticals and telecom sectors.
EU Bank-CCIL trades get a business pass (09-10-2024)
Societe Generale, BNP Paribas, and Credit Agricole have received an extension from the Autorite des Marches Financiers (AMF) of France to continue transacting with the Clearing Corporation of India (CCIL), weeks before an October 31 deadline to cease such transactions was to come into effect, sources aware of the developments told ET.