Stock Market Today: The HDFC Securities’ Nagaraj Shetti thinks the Nifty’s recent upswing will last for the near future. “In the near future, the 19,250 and 19,450 levels are the key obstacles to be aware of. 19,050 is the immediate support level, he states. Ahead of important economic data such as monetary policy decisions from…
Jefferies: Analysts predict that IIFL Finance, a diversified non-banking financial company (NBFC), will see healthy net interest income (NII) growth, stable asset quality, and strong earnings growth. According to foreign brokerage Jefferies, the company has strengthened its retail franchise by expanding branches twice in three years, which is expected to drive a 23% asset under…
Tax officials: According to sources cited by The Economic Times, the Directorate General of GST Intelligence (DGGI) is looking into Raymond’s consumer goods business sale to a Godrej unit. Through a slump sale, Raymond’s FMCG company—which included the Park Avenue, KS, KamaSutra, and Premium trademarks—was purchased by Godrej Consumer Products (GCPL) in April 2023. GCPL…
Reliance Shares: Following the release of the Q2FY24 results on Friday night, the Indian stock market is anticipated to respond to the quarterly data on Monday. Stock market analysts predict that Reliance Industries’ Q2 results for the fiscal year 2023–2024 have exceeded expectations, which means that the company’s share price will rise on Monday. Experts…
Market Highlights: After six sessions of decline, the indices recovered on Friday, with all sectors turning green. The rally was led by heavyweight indices such as IT, Bank, Finance, Metal, and Realty. On Friday, Asian shares followed Wall Street futures higher as Amazon provided some welcome earnings relief, while bonds were able to maintain their…
Today’s global markets: Global stock markets fell on Thursday as investors worried about the escalation of the Israel-Hamas conflict and bleak earnings. United States earnings Meta Platforms Q3 earnings: Despite the company reporting higher profit and revenue, the stock fell 2.6%.UPS Q3 earnings: The stock fell 4.9% after the company cut its full-year earnings forecast….
US Dollar and Rupee: The Indian rupee ended little changed on Friday due to a lack of new triggers, while the central bank’s intermittent dollar sales and a positive trend in domestic equities prevented a drop to a record low. The local currency closed at 83.25 per dollar, down 2 paise from the previous close…
Mutual funds Riskometer: Consider the thrill of a white-water rafting trip and the rush of adrenaline as you race up the waves to your destination. However, before embarking on the adventure, a responsible tour guide typically informs participants about potential hazards and safety precautions. He or she also ensures that everyone has a life jacket…
AUDUSD Technical Analysis – Another opportunity for sellers: The AUDUSD pair tests some key boundaries but eventually gets stuck within the triangle. Us Australia AUDUSD Technical Analysis – Daily Timeframe On the daily chart, we can see that the AUDUSD pair continues to massively diverge from the MACD, which is usually a sign of weakening…
Gold Rates Today: Gold, one of the most costly and valuable metals, is valued highly in India and is currently regarded as one of the best investment opportunities. Not limited to jewels alone. Coins and artwork made of gold, however, are also valuable. People in India still regularly invest in gold despite the ongoing increase…
