India’s festive gold buying spree continues, defying record price
Indian gold buyers ignored record prices and bought extensively for Dhanteras and Diwali, expecting gold’s value to rise further. Strong gold demand could boost global prices and widen India’s trade deficit. Gold investments are seen as more lucrative with stock market performance cooling.
Results from Alphabet and Snap lift shares of online ad sellers
Online ad sellers gained over $100 billion in stock market value following strong quarterly results from Alphabet, Reddit, and Snap. Alphabet’s stock rose 4% due to robust digital advertising and AI-driven cloud service demand. Meta and Amazon also saw stock increases, while Snap jumped 7% due to exceeding revenue and user growth expectations. Reddit surged […]
This microcap stock’s 1:8 bonus issue, 1:5 stock split record date tomorrow. Do you own?
Sellwin Traders plans a 1:8 bonus share issue and a 1:5 stock split, with November 1, 2024 as the record date. Shares must be bought by October 31 to qualify. The stock has shown significant growth, doubling its value in the past year with a 111% YTD return.
Big movers on D-Street: What should investors do with Maruti Suzuki, Adani Ports and Cipla?
Sensex and Nifty indices closed higher on Tuesday due to late buying in banking stocks and a positive global market trend. Maruti Suzuki fell 4.16%, Cipla dropped 1.6%, and Adani Ports surged nearly 2%. Experts advise investors to buy on dips for these stocks with specific target levels.
Q2 results today: L&T, Dabur among 77 companies to announce earnings on Wednesday
L&T, Tata Power, and Dabur are key among 77 companies declaring Q2 earnings today. L&T’s revenue is expected to rise by 16%, while Dabur may see a 5% year-on-year drop in revenue due to volume declines and distributor inventory corrections. Heavy rains impacted Dabur’s out-of-home consumption.
NTPC, Tech Mahindra among 11 stocks to trade ex-dividend tomorrow. Last chance to buy
Shares of Tech Mahindra, Godrej Consumer Products, Balkrishna Industries, and NTPC will remain in focus as today is the last day to buy shares for dividend eligibility. NTPC, Tech Mahindra, and several other companies have announced interim dividends with specified record dates and payment schedules.
It’s a DII Street This Oct: FIIs meet their match in local funds
To be sure, detailed ownership data for October-December will be published in January. Yet, by September end itself, the ownership gap between foreign institutional investors (FII) and DIIs had narrowed to a record low of 109 bps, underscoring the growing influence of domestic capital in Indian equities.
As price jumps, gold buyers keep it light this Dhanteras
Jewellers report a 10-15% drop in gold demand by volume this Dhanteras. Consumers prefer lightweight and diamond-studded jewellery. Despite this, value sales of gold rose by up to 25%, helped by high prices. Silver jewellery demand increased by 30-35%. Young buyers returned to stores, attracted by high returns on precious metals.
Asian stocks climb after mixed tech results
Treasury yields edged lower, while a Bloomberg gauge of the dollar’s strength snapped a three-day advance. Gold hit a fresh record early on Wednesday as Bitcoin traded near its all-time high.
Large Caps likely to outperform mid- & small-caps in Samvat 2081
Unique investors on the NSE rose by 2.14 crore since last Diwali, reaching a record high of 10.37 crore as of September 30, 2024. However, Indian markets may not be able to replicate the returns of the past year unless foreign investors come back strongly. Large-cap stocks may outperform mid-caps and small-caps.