Gold prices remained steady near record highs on Wednesday, supported by a weaker dollar and heightened Middle East conflict. Investors are closely watching for new signals on U.S. interest rates. Spot gold held at $2,658.07 per ounce, while U.S. gold futures rose slightly to $2,682.60.
Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall (25-09-2024)
Oil prices steadied on Wednesday after a rise on Tuesday due to China’s economic stimulus measures. Despite the initial boost, analysts believe more fiscal help is needed. Falling U.S. crude and fuel inventories supported the market, along with concerns over Middle East tensions and a hurricane’s changed course away from oil-producing areas.
Stocks To Watch: Infosys, Car Trade, SBI, Vadilal, NBCC, TVS Holdings (25-09-2024)
Stocks to Watch: The finance ministry may amend its circular to provide relief to Infosys regarding a Rs 30,000 crore GST demand.
S&P 500, Dow close at new highs as mining stocks rise on China stimulus boost (25-09-2024)
The S&P 500 and Dow closed at record highs on Tuesday, driven by a surge in mining stocks following China’s announcement of a major stimulus package. Despite weak U.S. consumer confidence data, sectors like metals and mining outperformed. Federal Reserve Governor Michelle Bowman warned that inflation remains above target, necessitating caution in rate cuts.
Stocks in news: EaseMyTrip, Exxaro Tiles, NBCC, PC Jewellers, Delta Corp, Tata Power (25-09-2024)
Equity markets closed nearly unchanged on Tuesday. Shares of EaseMyTrip, Exxaro Tiles, NBCC, PC Jewellers, Delta Corp, and Tata Power will be in focus due to various developments. Notable updates include promoter stake sales, block deals, Supreme Court petitions, stock splits, qualified institutional placements, demergers, and a fire incident at Tata Power’s Trombay plant.
Rahul Dravid, Karan Johar and other top celebrities grab a share of Swiggy’s pre-IPO pie (25-09-2024)
A number of celebrities from various fields are endorsing Swiggy by acquiring its pre-IPO shares. This includes sports stars, actors, and entrepreneurs. Swiggy’s innovative approach in food delivery and grocery services has attracted significant interest. The company’s upcoming IPO is anticipated to be highly lucrative for early investors.
D-Street bulls party as Sensex breaches 85K and Nifty tops 26K for the first time (25-09-2024)
India’s key stock indices reached all-time intraday highs, with the Nifty crossing 26,000 and the Sensex breaching 85,000. Despite a choppy session, the indices ended flat. Market sentiment was boosted by rate cuts from the US Federal Reserve and measures from China’s central bank to revive its economy.
Man Industries (India) Limited (25-09-2024)
Hi Folks, I am curious about the impact of expected metal price increase on EBIDTA. I know promoter was saying margins will grow. Do you know if Man Industries pass thru the metal price increase with these contracts/order wins or do they have to absorb them? I am guess this current drawdown is due to bullishness on metal prices esp. from chinese govt
D: Invested recently
China stocks rally tested after stimulus-led gains: Markets wrap (25-09-2024)
Asian shares rose for the fifth consecutive day, driven by Beijing’s support measures. US stocks also hit new highs amid expectations of further rate cuts. Chinese equities saw significant gains following a stimulus package. Investors are closely watching US economic data and Federal Reserve actions for future market direction.