Indian benchmark indices closed lower on Tuesday, mirroring global trends. However, Angel One, Zomato, and Hitachi Energy saw gains. Analysts suggest Angel One could reach Rs 3225, Hitachi Energy Rs 13,900, and Zomato could rally above Rs 300. Investors are advised to maintain stop losses.
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NTPC Green IPO shares to debut today. Check GMP and analyst predictions for listing (27-11-2024)
NTPC Green Energy’s IPO-priced shares will list on exchanges today. Grey market premium hints at a flat listing. The IPO received a 2.4 times subscription. Institutional and retail investors showed interest. Analysts suggest a long-term investment strategy. Proceeds will fund renewable energy projects and debt repayment. NTPC Green is a major player in India’s renewable energy sector.
Siemens consolidated net profit rises 45.41% in the September 2024 quarter (27-11-2024)
Sales rise 11.41% to Rs 6373.60 crore
Maan Aluminium standalone net profit declines 34.90% in the September 2024 quarter (27-11-2024)
Sales decline 30.43% to Rs 205.44 crore
Krazybee Services Pvt standalone net profit declines 16.36% in the September 2024 quarter (27-11-2024)
Sales rise 73.33% to Rs 518.73 crore
Evexia Lifecare reports consolidated net profit of Rs 0.73 crore in the September 2024 quarter (27-11-2024)
Sales rise 162.63% to Rs 27.97 crore
Emerging markets, caught between economic giants, face tough 2025, JPMorgan says (27-11-2024)
JPMorgan predicts a challenging 2025 for emerging markets due to U.S. policy shifts and uncertain China growth. Slower growth, significant bond fund outflows, and a stronger dollar are anticipated, impacting emerging market fixed income returns. Emerging markets face choppy waters but are battle-hardened.
Fed cites volatility, uncertainty as reasons to go slow on rate cuts (27-11-2024)
Federal Reserve officials were divided on future interest rate cuts, agreeing to avoid specific guidance. Uncertainty around the neutral interest rate and economic outlook led to a cautious approach. While recent data suggested a strong economy, officials acknowledged potential risks and the possibility of pausing or accelerating rate cuts depending on economic developments.