-
Get the latest news and updates for markets in one place from wealthy broking
Today's Headlines :
*Economic Times*
📝 Vedanta to invest Rs 1 lakh crore in Rajasthan across zinc, oil and gas operations
📝 Smartphone shipments rise 9 per cent in Q3 2024
📝 PG Electroplast board approves Rs 1,500 crore QIP
📝 HDFC Bank Q2 Results: PAT rises 5% YoY to Rs 16,821 crore, beats Street estimates
📝 Kotak Mahindra Bank Q2 Results: PAT rises 5% YoY to Rs 3,344 cr; NII jumps 11%
📝 HDFC Bank to offload Rs 10,000 cr worth stake in Rs 12,500 cr IPO of HDB Financial Services
📝 Agnit Semiconductors raises $3.5 million in seed round
*Business Standard*
📝 GoM recommends lowering GST rate on water bottles, bicycles to 5%: Report
📝 Centre forms panel to reduce gap between farm to fork in perishables
📝 India seeks binding critical minerals pact with US to boost manufacturing
📝 SMPP files draft red herring prospectus with Sebi, eyes Rs 4,000 cr via IPO
📝 Dalmia Bharat Q2 results: PAT drops 60% to Rs 49 cr, revenue at Rs 3,087 cr
📝 India's road infrastructure will surpass that of US: Nitin Gadkari
📝 EL&N London opens 1st Indian cafe in Mumbai, partners with Reliance Brands
📝 Cyclonic circulation over Andaman sea likely to turn into low pressure: IMD
*Financial Express*
📝 Dhanlaxmi Bank posts Q2 net profit of Rs 26 crore
📝 Tech Mahindra beats Street estimates, profit gets boost by other income
📝 Paddy procurement in Punjab and Haryana down 39 per cent
*Mint*
📝 Afcons Infra IPO: Shapoorji Pallonji arm to float ₹5,430 crore IPO on Oct 25
📝 India aims to secure critical minerals partnership with US, eyes trade benefits
📝 Delhi AQI soars to 344 , hits 'very poor’ category ahead of Diwali
📝 Oil logs biggest weekly decline in one month on China demand concerns; Brent drops
📝 Infosys poised to regain its No.2 rank as quarterly revenue edges past Cognizant.
Today's Headlines :
*Economic Times*
📝 Vedanta to invest Rs 1 lakh crore in Rajasthan across zinc, oil and gas operations
📝 Smartphone shipments rise 9 per cent in Q3 2024
📝 PG Electroplast board approves Rs 1,500 crore QIP
📝 HDFC Bank Q2 Results: PAT rises 5% YoY to Rs 16,821 crore, beats Street estimates
📝 Kotak Mahindra Bank Q2 Results: PAT rises 5% YoY to Rs 3,344 cr; NII jumps 11%
📝 HDFC Bank to offload Rs 10,000 cr worth stake in Rs 12,500 cr IPO of HDB Financial Services
📝 Agnit Semiconductors raises $3.5 million in seed round
*Business Standard*
📝 GoM recommends lowering GST rate on water bottles, bicycles to 5%: Report
📝 Centre forms panel to reduce gap between farm to fork in perishables
📝 India seeks binding critical minerals pact with US to boost manufacturing
📝 SMPP files draft red herring prospectus with Sebi, eyes Rs 4,000 cr via IPO
📝 Dalmia Bharat Q2 results: PAT drops 60% to Rs 49 cr, revenue at Rs 3,087 cr
📝 India's road infrastructure will surpass that of US: Nitin Gadkari
📝 EL&N London opens 1st Indian cafe in Mumbai, partners with Reliance Brands
📝 Cyclonic circulation over Andaman sea likely to turn into low pressure: IMD
*Financial Express*
📝 Dhanlaxmi Bank posts Q2 net profit of Rs 26 crore
📝 Tech Mahindra beats Street estimates, profit gets boost by other income
📝 Paddy procurement in Punjab and Haryana down 39 per cent
*Mint*
📝 Afcons Infra IPO: Shapoorji Pallonji arm to float ₹5,430 crore IPO on Oct 25
📝 India aims to secure critical minerals partnership with US, eyes trade benefits
📝 Delhi AQI soars to 344 , hits 'very poor’ category ahead of Diwali
📝 Oil logs biggest weekly decline in one month on China demand concerns; Brent drops
📝 Infosys poised to regain its No.2 rank as quarterly revenue edges past Cognizant.
*HDFC BANK 2Q (IN-LINE): NII +10% | PPOP +9% | PAT +5% | NII, PPOP INLINE; MARGINS DIP 1BP QOQ | PAT SLIGHTLY BEAT ESTIMATES*
• *HDFCB reported 2QFY25 profit at INR168.2b (inline)*.
• NII grew 10% YoY to INR301.1b (inline). *Core NIMs (on total assets) declined 1bp QoQ to 3.46%*.
• Other income stood at INR114.8b (7% YoY growth, inline).
• *Treasury gains declined to INR2.9b vs INR10.4b in 2QFY24*.
• Total revenues thus grew 9% YoY to INR416b (inline).
• Operating expenses grew 9.7% YoY to INR168.9b (inline). C/I ratio stood at 40.6%.
• *PPoP grew 9% YoY to INR247.1b (inline)*.
• Advances book grew 7% YoY / 1% QoQ to INR24.95t; Deposits grew 15% YoY / 5% QoQ to INR25.0t. CD ratio declined to 99.8% while CASA mix stood at 35.3%.
• GNPA/NNPA ratio increased by 3bp/2bp QoQ to 1.36% / 0.41% respectively. PCR decreased 131bp QoQ to 69.9%. Provisions declined 7% YoY to INR27b (5% higher than MOSLe).
• CAR stood at 19.8% with Tier-1 ratio of 17.8% and CET-1 of 17.3% (up 50bp QoQ).
Dow Jones hit record highs as strong economic data eased lingering fears of a potential recession 🕺
🚀 Travelers Companies Inc +9% helped Dow hit new high!
🇺🇸 Markets on Thursday
#DowJones +0.37%
#Nasdaq +0.04%
S&P500 -0.02%
🇺🇸 Economic Data: September’s retail sales figures showed that consumer spending was still robust
👍 Retail sales +0.4% in September vs +0.3% from economists polled by Dow Jones
👍 Jobless claims for the week that ended Oct. 12 were also lower than expected
Taiwan Semiconductor +9%
👍 Reported strong third-quarter results & raised its revenue forecast
🤩 AI darling Nvidia +0.9% as TSMC is one of the suppliers for Nvidia
Big Movers
👍 Blackstone +7% after the alternative asset managers reported better than expected results
👎 CSX -5.7% after earnings miss
👎 Walgreens Boots Alliance -4%, paring some of the 15.8% it gained in the prior session
Other Asset Classes
🇺🇸 10 year yield at 4.09%
💲 Dollar index at 103.80, 11-week high
⛽️ Brent Crude at 74.7$/barrel
🪙 Gold at $2,692/ounce, another record high
💸 Bitcoin at 67200$
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Servotech ties up with Ensmart Power to expand EV charger business in UK
📝 Industrial and warehousing leasing up 17% YoY growth in 9 months: Report
📝 Godrej Properties secures 3 adjoining plots totalling 6.5 acres in Mumbai
📝 FY25 fresher hiring by IT sector to rise by 20-25%: TeamLease Digital
📝 Himadri Q2 results: PAT jumps 33% to Rs 134 cr driven by higher margins
📝 Indian manufacturing should aim for export-led growth: Jamshyd Godrej
📝 D2C brands raise funds to boost sales through quick-commerce platforms
📝 MF license aspirant list swells amid bullish industry growth projections
📝 Trade deficit eases to $20.8 bn in Sept amid geopolitical challenges
📝 Ministers' group discusses merger of GST compensation cess into taxes
📝 Fund managers pare India allocation in favour of China: BofA survey
📝 India extends operation of imported coal-based power plants: Circular
*Economic Times*
📝 Strides Pharma's OneSource raises Rs 801 crore in pre-listing round
📝 Union Cabinet approves Rs 2,642-cr Varanasi-DDU multi-tracking project
📝 HFCL expects 70% revenue in fibre optic, 50% in telecom gear from exports in 3 years
📝 Survey software seller SurveyMonkey opens GCC in Bengaluru; plans to have 25% of its R&D team
📝 Licious narrows FY24 net loss by 44%, revenue down 8% to Rs 685 crore
📝 India added 174 GenAI startups in one year: Nasscom report
📝 BharatPe posts 39% rise in FY24 operating revenue, loss before taxes narrows 50%
📝 India offers to help Myanmar in setting up 5G mobile systems: Official
📝 Govt approves Rs 35,000 cr for PM Annadata Aay Sanrakshan Abhiyan
📝 Ericsson to expand R&D base in India, focuses on AI, 6G development
📝 Zoomcar implements debt restructuring for the next long drive
📝 Expecting 15-20 pc exports growth in alcoholic beverages this yr: Official
*Mint*
📝 Jet Airways resolution plan: Supreme Court reserves decision on airline's future
📝 Saas startup Everstage raises $30 million from Eight Roads Ventures, others
📝 China’s fiscal plan seems to pale in comparison to its monetary boost
📝 India’s goods trade deficit narrows to a five-month low in September
📝 Airbus to cut nearly 2,500 jobs in defence and space sector amid cost challenges
📝 South Indian Bank Q2 results: Net profit rises 18% to ₹325 crore
📝 Samsung Galaxy Ring with AI health features launched in India
📝 HDFC Life continues to struggle with margin pain
📝 Alibaba, Baidu invest in Chinese smart-driving tech company's near $700 mn IPO
📝 TVS Holdings board to consider raising funds via NCDs on October 23
📝 Temasek to Grab a Bite of Behrouz Biryani and Faasos Parent Rebel Foods
📝 India to become third-largest electricity consumer by 2050 on demand for cooling
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Steel import surge impacts domestic players' gross margins: Ind-Ra
📝 Mastercard opens new Tech Hub in Pune to drive growth and innovation
📝 SpiceJet's domestic passenger market share shrinks to 2%, says DGCA
📝 Macrotech acquires 7 land parcels to build Rs 16,600 cr housing projects
📝 Funding to Indian fintech rises 66%, number of rounds decline by 25%
📝 Avaada Energy closes Rs 597 crore refinancing for solar projects
📝 PE investments in Indian real estate sector decline 4% in H1 FY25
📝 Tata Digital launches life insurance products on Tata Neu with Tata AIA
📝 BofA Q3 profit beats expectation on investment banking, trading strength
📝 IBM acquires Prescinto for renewable energy asset performance management
📝 Govt announces 3 AI CoEs for healthcare, agriculture, sustainable cities
*Economic Times*
📝 Export of oil meals from India drops 35 per cent in September
📝 Coal India's process for signing fuel supply pacts becomes digital
📝 Mamaearth's chief product and technology officer Jayant Chauhan quits
📝 Gautam Solar plans to raise Rs 1,000 crore via IPO to expand capacity
📝 BEML has received a contract to build India’s first bullet train
📝 TV Narendran elected as worldsteel Chairman; second Indian to head global body
📝 LIC Mutual Fund reduces daily minimum SIP limit to Rs 100 for select schemes
📝 Retail inflation likely to average 4.5 pc in 2024-25: RBI DG Patra
📝 Tata Group to create 500,000 jobs in India with major investments in manufacturing
📝 MCX launches cotton seed wash oil futures
📝 Govt examining product disclosures by quick commerce firms
📝 Shapoorji Pallonji Real Estate inks joint venture with Kanodia Group for a luxury residential project in Gurugram
*Mint*
📝 SpiceJet settles $23.39 million dispute with aircraft lessors for $5 million
📝 ICMR offers Indian firms technology to develop quick Mpox test kits
📝 Indigo Ventures gets SEBI approval to launch Venture Capital Fund
📝 Go First resolution professional can't become its liquidator, says NCLT
📝 Gadkari reviews industry preparedness for launch of ethanol, flex fuel vehicles
📝 Zomato-owned Blinkit tightens grip on talent amid fierce competition
📝 Jio launches JioBharat V3 and V4, budget-friendly 4G mobiles in India at ₹1099
📝 Investment firm Multiples adds credit strategy unit, hires ex-Deutsche man as MD
📝 Telcos push for policy reforms on data localization, AI, satellite services
📝 RBI repo rate cuts seen delayed to 2025 as inflation spikes to nine-month high
📝 HDFC AMC Q2 results: Net profit rises 32% to ₹577 crore, revenue up 38%
📝 PVR Inox Q2 Results: Firm posts net loss of ₹11.8 crore
Us markets : S&P 500 & the Dow Jones rose to fresh records 🚀
McDonald’s, UnitedHealth Group & Apple led the Dow higher!
Bond market was closed on Monday for Columbus Day.
🇺🇸 markets on Monday
#DowJones +0.47%
#Nasdaq +0.87%
S&P500 +0.77%
🇺🇸 rate futures market priced in an 87% chance the Fed will ease by 25 bps at the November meeting.
Big results week
Tuesday 👉 Bank of America, Goldman Sachs & Johnson & Johnson
Wednesday 👉 Morgan Stanley & United Airlines
⛽️ Brent Crude at 75.3$/barrel, OPEC cuts demand forecast for 2024 & 2025
OPEC current expectations
In 2024 👉 Demand growing by 1.9 million barrels per day vs 2 million bpd earlier
In 2025 👉 Demand to grow by 1.6 million bpd vs 1.7 million bpd earlier
Other Assets
💲 Dollar Index at 103.3, 9 week high
🪙 Gold at 2650$/ounce
💸 Bitcoin at 66000$
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 SBI plans to enhance limit under instant loan scheme for MSME sector
📝 LIC reduces entry age on new endowment plan to 50 years from 55 years
📝 Nippon Steel to sell Calvert JV to ArcelorMittal if US Steel deal completed
📝 JPMorgan Chase profit falls on loan loss provisions in September quarter
📝 Wells Fargo's profit falls on lower interest income in September quarter
📝 BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost
📝 Noel Tata elected chairman of Tata Trusts after Ratan Tata's passing
📝 Amazon Business reports over 134% growth on Corporate Gifting Store
📝 Indian tech sector saw deals worth $635 mn in Sep quarter: Grant Thorton
📝 Gopal Rai approves 100 schemes worth Rs 93 cr for development of villages
📝 Indian hostel chains aim for global expansion amid rise of digital nomadism
📝 Funds raised by NBFCs through domestic bonds top Rs 3.2 trn in H1 FY25
📝 E-commerce sales hit $6.5 billion in a week, up 26% during festive season
📝 Indian Overseas Bank opens retail loan processing centres across cities
*Economic Times :*
📝 Govt imposes import curbs on parts of pocket lighters; to reduce dependence on China
📝 Macrotech Developers net debt rises 14% in Sep quarter to Rs 4,920 cr due to biz expansion
📝 Profitability of small finance banks expected to decline in FY25: Crisil
📝 DoT provisionally allocates satellite spectrum to eligible players
📝 60% of Indian unicorn founders achieved $1-billion valuation in maiden attempt: report
📝 India's industrial production contracts 0.1 per cent in August 2024
📝 Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group
📝 India’s forex reserves dip $3.7 bn to come off all-time record high
📝 PwC India collaborates with Meta to expand open-source AI solutions
📝 Hyundai IPO aimed to further Indianise operations: Company official
📝 New biz premium of life insurers grows 14% to Rs 35,020 crore in September
📝 Wegovy maker Novo Nordisk bets big on talent, AI partnerships in India
📝 Sectoral and thematic mutual funds have added 11.60 lakh folios in September
*Mint :*
📝 DMart Q2 Results: Avenue Supermarts net profit rises 5.77% to ₹659.58 crore
📝 India, Australia set to expand trade pact, focus on e-commerce
📝 Oberoi Realty Board approves plan to raise ₹6,000 crore
📝 Tighter US trade policies could reshape APAC economies, benefit India: Moody's
📝 Reliance Jio lobbies against TRAI's allocation method amid Elon Musk face-off
📝 Gujarat promises seamless grid connectivity to green energy firms
📝 Expect limited revenue surprises in Q2 amid stable growth, says Macquarie
📝 Hyundai, Kia set to surpass 100,000 EV sales by October end in 2024
📝 Star Health receives $68,000 ransom demand after customer data leak
📝 Godrej Properties plans to build ₹9,650 crore worth of housing projects
📝 $5 billion road, rail link between India and Sri Lanka in closing stages
Q2 Earnings Date
10th Oct: GM Breweries
10th Oct: AnandRathi
10th Oct: IREDA
10th Oct: Tata Elxsi
10th Oct: TCS
14th Oct: Angel One
14th Oct: Gopal Snacks
14th Oct: HCL Tech
15th Oct: HDFC AMC
15th Oct: HCFC Life
16th Oct: Bajaj Auto
16th Oct: CRISIL
16th Oct: LTTS
16th Oct: Mphasis
17th Oct: Nestle
17th Oct: Infosys
17th Oct: Wipro
18th Oct: ICICI General
19th Oct: HDFC Bank
19th Oct: Tech Mahindra
21st Oct: Ultratech
22nd Oct: Coforge
22nd Oct: ICICI Pru
22nd Oct: Persistent
22nd Oct: Zensar
23rd Oct: KPIT Tech
23rd Oct: Navin Fluorine
23rd Oct: Pidilite
24th Oct: Cyient
24th Oct: Max India
24th Oct: NAM India
24th Oct: UBL
25th Oct: Atul
25th Oct: Novartis
25th Oct: Poonawala Fincorp
26th Oct: ICICI Bank
26th Oct: JK Cement
26th Oct: IDFC First Bank
28th Oct: CAMS
28th Oct: Gillette
29th Oct: Cipla
29th Oct: Dabur
29th Oct: Honeywell
TCS:
Profits and margins below estimates
CITI on TCS : Weak Q2 , EPS downgrades likely
Maintain SELL , continue to prefer Infosys over TCS
Management says demand environment still cautious Discretionary spending still subdued
North america declined 1.7% in a seasonally strong quarter
BREAKING - HDB Financial IPO approved by HDFC Bank Board
It will be a Rs 12500 Cr IPO - Rs 2500 Cr fresh issue + 10000 Cr OFS
HDB Rate in unlisted market today Rs 1500, Was less than 1000 Rs in Aug 2024, 50% gain in 2M
IPO music will continue for a while now!
Important Update for F&O Traders!
NSE has revised contract sizes for index derivatives, effective Nov 20, 2024. Key changes:
- Nifty 50: 25 to 75
- Nifty Bank: 15 to 30
- Nifty Financial Services: 25 to 65
- Nifty Midcap Select: 50 to 120
- Nifty Next 50: 10 to 25
Market Alert : Nifty needs to stabilise,need to settle as can see more moves both ways
Читать полностью…
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 Veteran oil and gas exec Naresh Nayyar appointed to board of EET Fuels
📝 Infosys boosts headcount by 2,456 in Q2, reversing earlier staff cuts
📝 Secondary long steel makers likely to see 7% rise in FY25 revenues: CRISIL
📝 Indian CDMOs could account for up to 10% of global outsourced work by 2033
📝 Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring
📝 Hyundai submits PFR to take up modernisation of TN plant for Rs 1,500cr
📝 RBI bars four non-bank lenders from issuing loans for breaching norms
📝 LIC Housing Finance accepts bids worth Rs 1,300 cr for 5-year bonds: Report
📝 J&K's 5.9 mn tonne lithium reserve to be re-explored after failed auction
📝 NFRA chairman Pandey stresses the need to adopt global audit standards
📝 Borosil urges govt on imposing anti-dumping duty on Chinese solar glass
📝 Mumbai property registrations grow 13% during Navratri: Knight Frank
*Economic Times :*
📝 Cargo volume at 12 major ports rises 5% to 413.747 MMT in September: Ports ministry
📝 Axis Bank issues over 1 million credit cards in Q2 FY25 as trend picks up with festive season
📝 Zomato board to consider fundraising via QIP on October 22
📝 CIEL HR Services acquires talent assessment firm Thomas Assessment
📝 Tata Communications Q2 results: Cons PAT rises 3% YoY to Rs 227 crore but declines 32% QoQ
📝 Trend towards mass casualization to fuel growth of Foot Locker in India, says global chief
📝 ITC Limited launches 9.45 MW solar plant in Karnataka to boost renewable energy goals
📝 Mutual Fund AUM at all-time high of Rs 67.90 lakh crore in September: AMFI
📝 Slice raises $8.5 million from founder Rajan Bajaj
📝 Ampin Energy Transition gets Rs 742 cr loan from Standard Chartered Bank
📝 Maruti Suzuki's Manesar plant becomes fastest to hit 1 crore production milestone globally
*Mint :*
📝 Pushed by finance ministry, ONGC to reduce arbitration, use IIAC services
📝 Indian Overseas Bank Q2 results: Profit rises 24% to ₹777 crore
📝 Infinix Zero Flip launched in India with MediaTek Dimensity 8020 chipset
📝 Nestle India says it will soon launch Cerelac variants with no refined sugar
📝 Central Bank Q2 Results: Net profit surges 51% to ₹913 crore, NII up 13% YoY
📝 Quantum computers may soon outclass traditional ones, says IBM fellow
📝 IRCTC booking: Advance reservation period for railway tickets reduced to 60 days
📝 Havells Q2 results: Net profit rises 7.5% to ₹268 crore, revenue up 16% YoY
📝 Consumers must get incentives to buy energy-efficient cooling appliances: Godrej
📝 Warner Music India eyes position in top 3 by next year
📝 Zomato board to consider raising funds via QIP on October 22
📝 Integrum Energy Infrastructure files draft papers with BSE for SME IPO
📝 China announces fresh round of measures to boost property sector
INFOSYS: Q2 CONS NET PROFIT 65.1B RUPEES VS 63.7B (QOQ); EST 67.55B
INFOSYS: Q2 REVENUE 409.9B RUPEES VS 393B (QOQ); EST 408.78B
INFOSYS: Q2 EBIT 86.5B RUPEES VS 82.88B (QOQ); EST 87.23B || Q2 EBIT MARGIN 21.10% VS 21.08% (QOQ); EST 21.3%
Good morning ☕️
Markets likely to continue upward momentum today
Things to know before trade : 17th October 🗞️
👉Global markets are upbeat
👉US markets hit record highs overnight
👉Dow jones up 337 points , hits record highs
👉Aluminum producer Alcoa rose 6% in extended trading after earnings that topped expectations
👉Nifty stands resilient around 25000, closed at 24971 yesterday
👉Big day for earnings today: Nifty companies Infosys, Wipro, Axis bank and Nestle to report today
👉Non index large caps like Havells and Polycab to report earnings today
👉FIIs continue to sell in cash
👉FIIs sold 3436cr in cash yesterday
👉DIIs bought 2256cr in cash yesterday
👉Strong earnings from Bajaj Auto
👉Reliance issues bonus shares , October 28 is record date
Record date for RIL bonus issues in the ratio 1:1 has been fixed for Monday, October 28,2024
Читать полностью…
5 Stocks to watch 🚨
1⃣HDFC Life : Growth outlook revised higher to 18-20% from 15% earlier
CLSA raises target price to 805rs from 700rs earlier
2⃣Bajaj Auto: to report earnings today
3⃣ KEI industries
strong topline growth, revenues up 17% YoY, margins lower YoY to 9.7% vs 10.4% YoY
UBS : Buy with target price of 6150rs
4⃣ BSE
Jefferies downgrades to underperform , risk reward unfavourable
revises price target to 3500rs
5⃣Rallis india
strong earnings
revenue up 11.5% , margins improve to 17.9% vs 16% YoY
EBITDA up 25% YoY
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Ericsson wins multi-billion dollar 5G equipment contract from Bharti Airtel
📝 PLI for transmission equipment manufacturing can be explored: Power secy
📝 Organised luggage makers' revenue growth may fall 8-10% in FY25: CRISIL
📝 OYO in talks to raise $200 million; eyes valuation of $4.5-5 billion
📝 Cred launches new features as it expands financial services products
📝 Equity investments in Indian real estate up 46% to $8.9 bn in Jan-Sep: CBRE
📝 Over-reliance on AI may pose financial stability risks: RBI Governor
📝 GJEPC urges govt to lay rules for disclosure of natural, lab-grown diamonds
📝 China's new lending in September rises less than expected despite stimulus
📝 Singapore to block Allianz deal for income but open to new offer, says PM
📝 TAC Security teams up with Google as MASA assessor for developers
*Economic Times*
📝 Voltas, Blue Star among 38 applicants in 3rd round of PLI scheme for white goods
📝 OPEC trims 2024 oil demand growth forecast to 1.93 million bpd
📝 HCC gets Rs 1,032 crore order from MSRDC for a 4.3 km two-lane bridge across Agardanda Creek.
📝 Export to be major job creator as India transitions to USD 5 trillion economy: USISPF
📝 Indian Army signs contract to use civil helicopters to support winter cut-off posts
📝 Robotics startup Perceptyne raises $3 million from Endiya Partners, Yali Capital, others
📝 Govt issues notices to auto majors seeking old GST dues
📝 PLI for transmission equipment can be explored: Official
📝 Easy Trip Planners announces 1:1 bonus share issue
📝 Realty sector sees 25 deals totalling USD 1.4 bn in July-Sep, led by QIP issues: Report
📝 India Inc should take up large scale production of biofuels: Nitin Gadkari
*Mint*
📝 India's CPI inflation hits nine-month high at 5.49% in September 2024
📝 Carmakers' sales to dealers drop 1.8% YoY in Q2; SUV demand stuck in slow lane
📝 Manmeet Dhody, ex-CTO of Paytm Payments joins Adobe as VP of Engineering
📝 Supreme Court grants bail to Ajay Nawandar linked to ₹34,615 crore DHFL case
📝 ICICI Securities’ minority shareholder says Sebi colluded with firm on delisting
📝 Purplle backers Blume, Premji Invest double down in ₹1,500 cr funding round
📝 SpiceJet hit with fresh insolvency claim from aircraft lessor
📝 RBI needs scenario planning as new risks loom on the external horizon
📝 Mukesh Ambani's RIL looks to acquire stake in Johar's Dharma Productions
📝 Sunteck Realty Q2 Pre-Sales Up 32.7% At Rs 524 Cr Vs Rs 395 Cr (YoY)
📝 J Kumar Infra wins order worth ₹298 crore from Pune Municipal Corporation
Stock Market Terms :
EQ, BE, BL, BT, BZ, GC, IQ and IL in NSE
EQ- It stands for Equity. In this series intraday trading is possible in addition to delivery.
BE- It stands for Book Entry. Shares falling in the Trade-to-Trade or T-segment are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
BL- This series is for facilitating block deals. Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs. 5 crore, executed through a single transaction, on the special “Block Deal window”. The window is opened for only 35 minutes in the morning from 9:15 to 9:50AM.
BT- This series provides an exit route to small investors having shares in the physical form with a cap of maximum 500 shares.
Results&News_Express
BZ- Stocks that are blacklisted for violation of exchange rules. This series stocks falls under Trade-to-Trade category and hence BTST (Buy Today Sell Tomorrow) and intraday is not allowed in such stocks.
GC- This series allows Government Securities and Treasury Bills to be traded under this category.
Copied from Results&News_Express
IQ- To facilitate QFI (Qualified Foreign Investors) to trade in companies without prior approval of the depositors where maximum permissible limit for FII's is not breached.
IL- This series allows only FIIs to trade among themselves. Permissible only in those securities where maximum permissible limit for FIIs is not breached.
US markets : S&P 500 closes above 5,800 for the first time 🚀
🇺🇸 Markets on Friday
#DowJones +0.97%
#Nasdaq +0.3%
S&P500 +0.6%
Good start to earnings season
👍 JPMorgan Chase +4.4% after topping profit & revenue expectations
👍 Wells Fargo +5.6% on stronger-than-expected profits
👎 Tesla -8.8% on the back of an underwhelming robotaxi event
Economic Data
Producer price index - PPI
👉 Index was flat for the month & +1.8% from a year ago
👉 Economists surveyed by Dow Jones had been looking for a monthly gain of 0.1%
University of Michigan Survey of Consumers showed sentiment dipped in October as near-term inflation expectations increased
Fed funds futures trading suggests a nearly 90% likelihood that the Federal Reserve will cut interest rates by a 25 bps in November
Source 👉 CME FedWatch Tool
Others
⛽️ Brent at 79$/barrel
🇺🇸 10 year yield at 4.09%
💲 Dollar index flat at 102.86
🪙 Gold +1% to $2,656/ounce
💸 Bitcoin at 62881$
Thing to watch before trade 📰
👉GIFT nifty down 36 points
👉US markets end with mild losses
👉US Inflation rate hit 2.4% in September, topping expectations
👉TCS: mixed earnings, Profits, margins below estimates
👉Market to react to new SEBI rules
👉NSE discontinues weekly expiry of Financial Services index, Nifty Bank and Nifty Midcap index.
👉weekly expiry will only exist for Nifty 50 contracts starting November 20.
👉FIIs continue to sell in the cash market yesterday
👉FIIs sold 4927cr in cash yesterday, DIIs bought 3878cr in cash yesterday
*Special one hour Diwali Muhurat Trading Session will be on Friday, 1st Nov 2024 at 6.15 pm to 7.15 pm*
Читать полностью…
Key Results Today
TCS
Anand Rathi Wealth
Den Networks
GM Breweries
Hathway
Tata Elxsi