Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 172.71 points up at 24386.0
The NSE Nifty index was trading 172.71 points up at 24386.0
Federal Bank's stock reached a high of 205 on July 25, 2024, but lost momentum, briefly bouncing back to 206 on August 13 after testing its 21-DMA. However, gains were short-lived, with the stock drifting toward its 50, 21, and 89-DMAs before finding support above the 100-DMA. It rebounded twice from the 180 level in September and October 2024, forming a double-bottom pattern on the daily charts.
The 30-share BSE Sensex was up 471.12 points at 79947.75
Famed as the 'Begum Akhtar of Mithila', renowned folk singer Sharda Sinha passed away at 72 after battling multiple myeloma. Her soulful voice, synonymous with Chhath Puja and the cultural fabric of Bihar and eastern Uttar Pradesh, resonated through decades.
LKP Securities recommends buying AIA Engineering Ltd. with a target price of Rs 4455. AIA Engineering reported a consolidated total income of Rs 1134.31 crore for the quarter ending 30-Sep-2024, along with a net profit after tax of Rs 256.00 crore. The company expects a reduction in FY25 volumes but remains optimistic about long-term prospects.
Samir Arora, Founder of Helios Capital, compared recent market corrections to a cricket series, stating that despite the pullbacks, the market outlook remains positive. He emphasized that this correction contributes to a healthier investment environment and suggests investors focus on companies with strong fundamentals for sustainable returns.
Kiki Hakansson, the first-ever Miss World, has died at the age of 95. Hakansson, who was crowned in 1951 at the inaugural Miss World pageant in London, passed away peacefully in her sleep at her home in California. The Miss World organization paid tribute to Hakansson, calling her a "true pioneer" and expressing their "deepest sympathies" to her family.
The Flying Flea is introduced by Royal Enfield. It is a new RE sub-brand, not a brand-new motorbike. Royal Enfield is experimenting with the sub-brand strategy for the first time. In 2026, this sub-brand will introduce its first motorbike.
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.
Dr. Reddy's Labs reported a 15% decline in Q2 net profit, despite a 17% rise in revenue driven by global generics. While analysts acknowledge the strong revenue momentum, opinions are divided on the stock's future prospects, with ratings ranging from 'Buy' to 'Sell'.
In a historic victory, U.S. Rep. Lisa Blunt Rochester secured a U.S. Senate seat, becoming the first woman and first Black person to represent Delaware in the Senate. Her win coincided with Maryland Democrat Angela Alsobrooks' Senate victory, marking the first time two Black women were elected to the Senate simultaneously.
Driven by gains in financial and IT stocks, Indian benchmark equity indices, Sensex and Nifty50, opened higher on Wednesday amid the U.S. presidential election results. Asian markets traded lower as early U.S. presidential election results suggested a tight race. Analysts believe a Trump or Harris win could have varying impacts on Indian stocks.
Hindustan Zinc Share Price: The Indian government sold a portion of its stake in Hindustan Zinc. The sale involved up to 2.5% of the company's shares. This move caused share prices to drop over 7% on the Bombay Stock Exchange. The floor price for the sale was set at a discount compared to recent market values.
You may invest in these schemes with a minimum investment horizon of five to seven years. Look out for our monthly updates where we keep discussing the performance of these schemes. We typically come up with our updates in the first or second week of every month.
The Network for Greening the Financial System stresses the urgency of immediate action, including a significant increase in carbon pricing, to mitigate these severe economic risks and achieve net-zero emissions targets.
Allan Lichtman has a major chance of turning out wrong this time in the US elections 2024, as his predictions of a Kamala Harris win is not reflecting in the US election results trend till now, as Donald Trump has been observed to be in the lead. Will Harris manage to pull through in the end?
HDFC Securities recommends buying Bharat Electronics Ltd. with a target price of Rs 317-340 over 6-9 months, citing its strong market position, robust R&D, and government affiliations. The company's reported total income and profit have seen a significant increase. Investors are advised to buy the stock within Rs 284-294, adding more on dips for optimal gains.
Former President Donald Trump won early victories in Florida, Texas, and other red states, while Vice President Kamala Harris secured wins in New York and Illinois. With voting completed in key battlegrounds, Indians are closely watching the results due to implications for trade, stock markets, and H-1B visa rules.
Kamala Harris won in many states including Colorado, District of Columbia, New York, Vermont, Maryland, Connecticut, Massachusetts, Rhode Island, New Jersey, Delaware and Illinois. Colorado and Connecticut usually vote for Democrats. Maryland has a large Black population. Massachusetts has a long history of supporting Democrats. Rhode Island and New Jersey have consistently voted Democrat since 1988.
Titan Share Price: Titan's shares dropped after the company announced its second quarter results. Profit declined by 23.1% compared to the same period last year. Total income, however, increased by 26%. Analysts have mixed opinions on the stock. Investec and Jefferies recommend holding, while Goldman Sachs maintains a buy rating. The company's performance was impacted by a reduction in customs duty.
Indian car dealers reported a significant 32.4% increase in sales in October, driven by festive demand, the introduction of new models, and attractive offers. Sales surged to 483,159 units compared to 364,991 units in the same month last year, as per data from the Federation of Automobile Dealers Association. However, despite the rise in sales, inventory levels remained high.
The Indian rupee plummeted to a record low against the U.S. dollar on Wednesday, as early U.S. election results spurred a dollar rally and weighed on Asian currencies. The rupee slid to 84.1725 per dollar, while the dollar index surged to a four-month high. Early projections showed Trump leading the presidential race, fueling 'Trump trades' and pushing U.S.
Donald Trump secures multiple state victories in the 2024 US presidential election. Trump wins key states like Texas, Florida, and Ohio. He also wins traditionally Republican states like Alabama, Mississippi, and South Carolina. The race for the White House continues as votes are tallied across the nation.
Mahindra & Mahindra's Q2 revenue is expected to grow 10-13% YoY, driven by tractors and automotive, while profits may remain flat. Analysts predict mixed results with muted profit growth and stable margins.