PB Fintech shares on a wild swing on plans of healthcare foray (27-09-2024)
PB Fintech stock experienced a significant drop of up to 10% before recovering to close at ₹1,694.95 on the BSE, down 1.6% from the previous day. The volatility followed reports that the company is considering launching a chain of hospitals. Investors were concerned about the high operational costs and competition in the healthcare sector.
GIFT Nifty signals a muted start for D-Street. Here’s the trading setup for today’s session (27-09-2024)
Domestic equities continue to hit fresh highs, driven by positive global and domestic cues. Nifty closed at a record high for the fifth consecutive session. Analysts expect bullish momentum to persist, with significant data from US Q2 GDP & PCE numbers to watch. Oil prices fell due to anticipated increased supplies.
Gold holds steady with spotlight on key US inflation data (27-09-2024)
Gold prices remained steady after reaching a record high, driven by expectations of another U.S. interest rate cut and safe-haven demand. Investors are now awaiting key inflation data for further direction. Meanwhile, silver prices dipped slightly after hitting a 12-year peak, and platinum and palladium showed minor fluctuations.
3B Blackbio DX Ltd (27-09-2024)
Couldn’t. Sad to see that the company is not publishing the transcript of the AGM discussions or the analysts meet. Holding on to the investment on the basis of the positive outlook of the CMD’s address, 50% growth expectations for Manchester unit, 20% overall growth and the hope that any challenge on margins may be offset by topline growth… others please comment on the outlook after AGM.
Oil prices fall as expectations of higher supplies hammer market sentiment (27-09-2024)
Oil prices have fallen for a third consecutive day, driven by expectations of increased supplies from Libya and the OPEC+ group. Brent crude futures dropped to $71.03 per barrel, while U.S. West Texas Intermediate crude fell to $67.09 a barrel. The market is cautious about global oil balances in 2025.
Neuland Laboratories Limited – Transformation towards niche APIs? (27-09-2024)
FDA has approved BMS Cobenfy (KarXT), First New Schizophrenia Drug in Seven Decades.
Wall St closes higher on strong US economic data (27-09-2024)
The S&P 500 reached a record high, with the Dow and Nasdaq also rising. Micron Technology shares surged due to strong demand for memory chips. Positive U.S. economic data eased concerns about aggressive rate cuts by the Federal Reserve. Chinese stimulus plans boosted metal prices, while energy stocks fell.
Stocks in news: Biocon, SJVN, Adani Green, Union Bank, Nuvama Wealth (27-09-2024)
Stocks in news: Markets saw a nearly 1% rise on the monthly expiry day, driven by favorable cues. Key stocks in focus include Biocon, SJVN, Adani Green, Union Bank, and Nuvama Wealth due to various developments such as agreements, joint ventures, property sales, and potential equity sales.