Market Savera - 15/10/2024
Manage episode 458184599 series 3628935
U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average and the S&P 500 logging record closing highs as third-quarter earnings season moved into full swing. So far, 30 S&P 500 companies have posted results, beating the earnings consensus by about 5% on average
India's retail inflation rose to above the central bank's target in September, led by the base effect and rising vegetable price momentum. The Consumer Price Index-based inflation rose to 5.49% in September, compared to 3.65% last month. A Bloomberg poll of economists had pegged the inflation at 5.1% for Sept.
Reliance Industries, Disney India merger expected to close in Q3FY25
CESC subsidiary to fully acquire Deshraj Solar Energy
HCL Tech quarterly numbers were above expectations in Q2FY25.
Shares in Asia climbed after another strong performance on Wall Street, with stocks hitting fresh record highs. Japan’s Nikkei share average hit a three-month high on Tuesday amid a broad rise in Asia-Pacific stocks
Nifty rebounded from Friday's losses and ended on a strong note with Nifty above 25,100 on October 14. At close, Nifty was up 0.66% or 163.7 points at 25127.9. It seems to have made a higher bottom in the short term and is attempting an upside breakout. An upward breach of 25234 could take the Nifty to 25485 while 24920 could offer support in the near term.
Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Oct 14
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