Stock Market Highlights: Indian stocks were mixed on Friday, with a decline in financials stocks following the country’s central bank tightening regulations on consumer lending offsetting a rise in response to an improvement in the outlook for the U.S. a drop in oil prices and interest rates. Financial services, banks, and private banks all saw…
Commodity: During Thursday’s evening trade, the December gold contract on the commodities exchange MCX unexpectedly increased by ₹1,133 per 10 gm in just four seconds. Despite a steady dollar-priced gold market, this spike happened. Between 9:10 and 9:15 p.m., the “unusual” spike in gold prices caused them to reach ₹61,914 per 10 gm, sparking speculation…
Amazon: Thrasio has been advised in recent years by New York-based consulting firm AlixPartners, and their retail turnaround professional Holly Etlin is currently working with the company, according to the report, which cited people familiar with the matter. The Wall Street Journal reported on Thursday that Thrasio Holdings, which acquires third-party sellers on Amazon (AMZN.O),…
Apollo Hospitals and Narayana shares: While the share prices of Fortis Healthcare, Max Healthcare Institute Limited, and Global Health Ltd (Medanta) are trading near their recent highs, those of Apollo Hospitals Enterprise Ltd and Narayana Hrudayalaya Ltd reached 52-week highs on Friday. As evidenced by the Q2 results, investor confidence is still high due to…
US dollar & Rupee: Due to the strong greenback in international markets, the Indian rupee fell 2 paise to 83.25 against the US dollar on Friday. Comparing the local unit to its previous close, it opened flat at 83.23 per dollar. The dollar index, which measures the strength of the US dollar relative to a…
Target’s (TGT.N) stock rose 17.8%, marking the largest percentage gain in a single day since August 2019, following the retailer’s forecast of a fourth-quarter profit that was significantly higher than anticipated due to lower supply-chain costs. – Wall Street While retail stocks were bolstered by an optimistic forecast from Target (TGT.N), U.S. stocks closed marginally…
In contrast to Motilal’s estimate of Rs 5,000 crore, Coal India grew 13% YoY to Rs 6,800 crore, driven by improved operating performance and decreased depreciation. EBITDA increased 11% YoY to approximately Rs 8,900 crore. Higher-than-expected coal prices and lower-than-expected personnel costs helped Coal India Ltd. post better-than-expected Q2 results. Power demand typically peaks in…
Tracking a mix of global cues, the Indian stock market indices, Sensex and Nifty 50, are likely to hold onto their gains and open higher. The Indian benchmark index is off to a good start, according to Gift Nifty’s trends. Compared to the Nifty futures’ previous close of 19,723, the Gift Nifty was trading at…
In the oil year 2022–2023 India imported about ₹1.38 lakh crore of edible oil, compared to ₹1.57 lakh crore in 2021–2022 and ₹1.17 lakh crore in 2020–21. India saw a growth of 17.39% in the amount of edible oil imported during the oil year 2022–23 (November to October) compared to 140.3 lt during the oil…
Indian stock indices are expected to open higher on Wednesday, following a sharp rally in Asian and US markets amid positive global cues. – Nifty 50 and Sensex Gift Nifty trends also point to a gap-up start for the Indian benchmark index. The Gift Nifty was trading around the 19,743 level, compared to the previous…
