Page 8 - Markets

SBI Q2 results: Profit soars 28% YoY to Rs 18,331 crore; stock falls 3%

SBI Q2 results: SBI share price fell 2.9 per cent to Rs 834 per share on the BSE after the announcement of Q2 results 2024

Ircon International slips 6% on weak Q2 results; PAT down 18%, rev down 19%

Ircon International's revenue from operations fell 19.3 per cent for the quarter under review to Rs 2,448 crore as compared to Rs 3,033 crore a year ago

SBI Q2 results preview: Profit may rise upto 17%, provisions could shoot up

SBI Q2 preview: SBI, India's biggest state-owned bank, is scheduled to report its financial results for quarter-ended (Q2 FY25) and half-year ended (H1 FY25) on September 30, 2024 on November 8, 2024

ONGC, HAL, SJVN: 5 PSU stocks that can rally up to 25% by year-end

PSU stocks such as ONGC, HAL, Oil India, SJVN and BEL have retraced up to 50% of its previous rally; tech charts indicate that as long as the recent lows are protected a bounce back seems likely.

Samhi Hotels up 5% on adding upscale hotel in Hyderabad with 170-175 rooms

As per the filing, the hotel will be completed through the conversion of an office building located on the main arterial road of Hitec City

Trent hits 3-month low post Q2 results; share price down 25% in 1 month

Trent share price: Despite the recent fall, Trent share price has outperformed market thus far in the calendar year 2024, by zooming 110 per cent as against 10 per cent gain in the benchmark index

Sterlite Tech up 7% on emerging L1 bidder for over Rs 1 bn-order from BSNL

The contract is for 3 years of construction and 10 years of maintenance contract at 5.5 per cent per annum of capex for the first 5 years and 6.5 per cent per annum of capex for the next 5 years

Gold rate today: Analyst advises 'Sell on rally' for Gold post Fed rate cut

Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan

FIIs add fresh shorts in Nifty futures; F&O data hints at cautious stance

F&O cues for Nov 08: According to the options data, the max pain level for the Nifty now stands at 24,200, and for Bank Nifty at 52,100; says Dhupesh Dhameja of SAMCO Securities.

Nifty 50: Here's how experts interpret the recent stock market volatility

Trading strategies in Nifty and Bank Nifty by market experts: Consensus view is that Nifty may hold the bullish bias as long as the index holds above 24,000-mark; check key levels here.

BS BFSI Summit: Market gurus say valuations limit near-term upside

BS BFSI Summit: There is limited room for PE multiples to move up and return expectations going ahead have to be moderate, analysts said at the Business Standard BFSI Insight Summit

Market regulator Sebi may water down skin-in-game rules for MF executives

Sebi has proposed to reduce the minimum man­da­tory investment requirement for the designated MF employees, especi­ally those with lower in-hand salary

Stocks, bonds, gold, debt: How Trump win will impact various asset classes

US election results: A Trump sweep is positive for equities and reinforces Julius Baer's long-standing preference of US equities over Europe

MSCI rejig: Time to buy Alkem, BSE, Voltas now or wait? Key levels here

Technical charts indicate that the 5 newly added stocks to the MSCI index are favourably placed and could soar up to 19% in forthcoming trading sessions.

TeamLease slips 11%; hits lowest level in CY 2024 post Q2 results

The management expects Q3 to be muted as the BFSI sector is expected to face certain headwinds on account of the new RBI regulations, ICICI Securities said in a note

MSCI skips Adani Energy's inclusion in Nov rebalancing; share price down 9%

MSCI index rebalancing: Adani Energy Solutions has been issued a show cause notice by the Securities Exchange Board of India (Sebi) for potential wrongful categorisation of shareholding

FDC shares slip 5% after reporting mixed Q2 results; PAT up 3%, margins dip

FDC reported its Q2 numbers that showed the company registered a consolidated net profit of Rs 72 crore as compared to a net profit of Rs 70 crore Y-o-Y

MSCI November rejig review: BSE, 4 others added; HDFC Bank weight to rise

Kalyan Jewellers India, Voltas, and BSE were upgraded from the small cap segment to mid cap segment of the MSCI Emerging Markets Index

Nifty bias shifts to 'Buy on Dips', max pain seen at 24,400; shows F&O data

F&O cues for Nov 07: Meanwhile, Bank Nifty PCR dipped to 0.72, reflecting a shift towards a cautious outlook, says Dhupesh Dhameja of SAMCO Securities.

Market today: Wall Street hits record as Trump wins, US Fed decision eyed

After cheering Trump's victory, focus will now shift to US Fed's policy decision. Meanwhile, September quarter results and macroeconomic data will also be eyed