Stock Market Live Updates 11 October 2024: Stock to buy today: Laurus Labs (₹465)

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE share prices and Indian stock markets for 11 October 2024.

• October 11, 2024 11:44
  

  Stock market live updates today: Top gainers among Nifty Metal stocks: National Aluminium (2.68%), NMDC (2.65%), Hindalco (2.14%), SAIL (1.79%), Jindal Steel (1.56%)

• October 11, 2024 11:40
  

  Stock market live updates today: Surana Solar board to consider raising funds for solar project; shares plunge on NSE

  Surana Solar board to consider (at its meeting on Oct 21) proposal for raising funds for a Solar Power Project of 54 MW (AC) under the Mukhyamanatri Saur Krushi Vahini Yojna 2.0 scheme), and to consider the proposal to set up up to 50est1230 MW TOPSUN Solar Cell and Modules manufacturing capacity at Fabcity factory Hyderabad. 

  Surana Solar shares plunge 5.01% on the NSE to ₹53.66

• October 11, 2024 11:33
  

  Stock market live updates today: Ahluwalia Contracts (India) Ltd has secured an order from DLF City Centre for ₹1,094.67 crore. Shares trade 1.50% lower on the NSE at ₹1,091.30

• October 11, 2024 11:26
  

  Stock market live updates today: Sensex, Nifty fall in early trade

  ​Benchmark indices Sensex and Nifty fell in early trade on Friday amid volatility and mixed trends in global markets. ​

  The 30-share BSE Sensex opened on a negative note and slipped 62.90 points, or 0.08 per cent, to 81,548.51 in early trade.

  Showing a similar trend, the broader Nifty fell 64.1 points to 24,934.35.

  From the 30 Sensex pack, Bharti Airtel, Bajaj Finance, Bajaj Finserv, Asian Paints, Power Grid, Mahindra & Mahindra, Tata Consultancy Services, ICICI Bank, and Kotak Mahindra Bank were among the laggards.

• October 11, 2024 11:25
  

  Stock market live updates today: Moneyboxx Finance sanctioned ₹40-crore term loan from HDFC Bank and AU Small Finance Bank; shares trade 2.12% higher on NSE at ₹264.5

  Moneyboxx Finance has been sanctioned term loan of ₹40 crore from two of its existing bankers, namely, HDFC Bank (₹20 crore) and AU Small Finance Bank (₹20 crore). 

  Shares trade 2.12% higher on the NSE at ₹264.50.

• October 11, 2024 11:12
  

  Stock market live updates today: Akme Fintrade (India) Ltd has announced the opening of a new branch office in Dahod, Gujarat; shares slip 0.64% on NSE to ₹101.42

• October 11, 2024 11:11
  

  Stock market live updates today: Jio Financial Services launches JioFinance app

  Jio Financial Services Ltd. (JFSL) has launched the JioFinance app, offering loans, savings accounts, UPI payments, insurance, and financial tools. With 6 million users, it aims to democratise financial services and be a trusted partner for Indians.

• October 11, 2024 11:08
  

  Stock market live updates today: Brokerage view

  TCS Review

  Nomura

  Neutral, TP Rs 4150

  2Q: Modest miss at rev, but significant miss at margins

  BSNL deal drives growth in 2Q

  Pipeline near record-high levels, TCV moderates while being within comfort band

  1.6%-2.4% cut in FY25-26F EPS

  Jefferies

  Buy, TP Rs 4735

  2Q missed est. with de-growth in North America & margin miss being key -ves

  Though, steady hiring & continued recovery in BFSI bodes well

  Moreover, ramp down of BSNL deal may provide scope to improve margins

  Cut est by 1-2%

  HSBC

  Buy, TP Rs 4540

  2Q reflected a painfully slow demand recovery, though TCS alluded to some client-specific issues as well

  Revenues barely grew on a sequential basis (ex of passthrough) which led to a rare margin fall as well for TCS

  MS

  OW, TP Rs 4910

  F2Q25 : Lower than expectations

  Quality of revenue growth is weak & miss on margins

  +ves

  BFSI revenues grew QoQ by 1.9% in USD terms & for 1st time in last 5 quarters it turned +ve on YoY growth in cc terms

  JPM

  OW, TP Rs 5100

  A rare miss – several knotty one-offs, but with silver linings

  Given TCS also pointed out lengthening sales cycles and signings were unimpressive, fear there is still a lack of a broad-based macro recovery

  Would use any sharp correction to add

  UBS on Kotak Bank

  Neutral, TP Raised to Rs 1950

  Cyclical headwinds for NIM, CASA while credit costs rise

  NIM sensitivity to rate cuts relatively high

  Stability in core biz key for re-rating

  Val fair(2x FY26E P/BV) & price in most concerns

  CITI on Cipla

  Buy, TP Rs 1870

  Hengrui’s product is 1st interchangeable version & can garner significant market share as well as can result in price decline

  If there is further delay in Cipla’s Goa facility resolution, generic Abraxane opportunity would significantly be diminished

  CITI on Indus Tower

  Buy, TP Rs 500

  Believe share price correction over last 1M provides an attractive buying opportunity

  Reiterate +ve Catalyst Watch

  3 key events to monitor:

  1) 2Q results 

  2) Conclusion of Voda Idea’s (delayed) bank funding

  3) Waiver (by gov’t) of bank guarantee

  Jefferies on Bandhan Bank

  Buy. TP Rs 240

  Partha Sengupta appointed MD&CEO for 3yrs

  Should be +ve as he was earlier Dy. MD & Chief Credit Officer at SBI & then MD&CEO of IOB

  He has also worked in West Bengal, a key market for Bandhan

  Also, bank will receive Rs3.1bn as CGFMU claim

  Investec on Bandhan BK

  Sell, TP Rs 180

  24% recovery from CGFMU & appointment of a new CEO

  Financial impact of overall CGFMU audit is lower than expectations

  Continue to believe BK will need to raise confidence capital at some stage to boost its capitalization

  Nomura on Credit Access

  Downgrade to Reduce, TP cut to Rs 950

  State elections including Maharashtra, Bihar & Jharkhand are coming up; these states form 28% of its total AUM where there might be disruptions

  Steep decline in disbursements/AUM growth; asset quality also deteriorates

  MS on Tata Elxsi

  UW, TP Rs 6860

  With muted 2Q, F25e rev growth exceeding F24 appears a tall task

  Healthcare may recover from 3Q & transportation deal wins to support growth, but emerging industry caution in European auto, ltd growth visibility in media, & premium val keep us UW

• October 11, 2024 10:55
  

  Stock market live updates today: Gujarat Toolroom Ltd completes QIP, raises ₹50 crore Shares decline 1.29% on the NSE to ₹4,173.

• October 11, 2024 10:37
  

  Stock market live updates today: Edelweiss Asset Management launches two funds

  Edelweiss Asset Management (EAMC/EMF) has launched the ‘Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund (Index Fund) & Edelweiss Nifty500 Multicap Momentum Quality 50 ETF (ETF)’. 

  The New Fund Offer (NFO) will be open for subscriptions from October 11to 25, 2024. This multi-factor index fund is based on two factors – momentum and quality. It tracks the performance of 50 stocks chosen from the Nifty 500 stocks universe and offers investors access to stocks with strong fundamentals and price momentum.

  The fund aims to replicate the performance of the Nifty500 Multicap Momentum Quality 50 Index, subject to tracking errors. The underlying index tracks the performance of 50 stocks, selected from a universe of Nifty 500 stocks. 

  The funds will invest in all the constituents of the Nifty500 Multicap Momentum Quality 50 Index in the same proportion as the underlying index. The scheme aims to leverage two complementary factors – momentum and quality, to deliver consistent risk-adjusted returns across market cycles. 

  The initial investment in the Index Fund can be a lump sum and SIP of ₹100 per application, with increments of ₹1 thereafter and investment in the ETF can be a minimum subscription amount of Rs. 5,000 and in multiples of Re. 1 thereafter. The index fund will be managed by Mr. Bhavesh Jain, Co-

  Head, Factor Investing along with Mr. Bharat Lahoti, Co-Head, Factor Investing, Edelweiss Mutual Fund and the ETF will be managed by Mr. Bhavesh Jain, Co-Head, Factor Investing, Edelweiss Mutual Fund.

• October 11, 2024 10:26
  

  Stock market live updates today: Ashoka Buildcon emerged Lowest Bidder for the project to Brihanmumbai Municipal Corporation, quoted at ₹918 crore; stock surges 3% on the NSE to ₹251.35.

• October 11, 2024 10:23
  

  Stock market live updates today: Rupee rises 2 paise to 83.96 against US dollar in early trade

  The rupee rose 2 paise to 83.96 against the US dollar in early trade on Friday amid a weakening greenback. 

  However, a rise in crude oil prices and constant FII outflows capped further gains in the domestic unit, according to forex traders.

  A weak start to the day in the domestic equity markets also prevented the local unit from rising further, they said. Read more

• October 11, 2024 10:21
  

  Stock market live updates today: Bondada Engineering bags bulk work orders from Maharashtra State Power Generation Company; shares trade flat on the NSE at ₹609

  Bondada Engineering Ltd has received a Letter of Award from Maharashtra State Power Generation Company Ltd for bulk work orders:

  1. EPC contract with the scope of design, engineering, supply, erection, testing and commissioning of Crystalline Ground mounted solar PV power plant under MSKVY 2.0 scheme including 3 years Operation & Maintenance on EPC basis at 33/11 kv across various districts of Maharashtra State amounting to Rs. 763.16 Cr including GST. 

  2. EPC contract for design, engineering, supply (except PV module), unloading of PV modules at the site supplied by MAHAGENCO, erection, testing and commissioning of Crystalline Ground mounted solar PV technology grid interactive distribution agriculture feeder solarization by solar PV power plant under MSKVY 2.0 scheme including 3 years Operation & Maintenance on EPC basis at 33/11 kv across various districts of Maharashtra State amounting to Rs. 369.08 Cr including GST. 

  Shares trade flat on the NSE at ₹609

• October 11, 2024 10:01
  

  Stock market live updates today: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

  “Market is likely to remain volatile in the near-term alternating between FII selling and DII buying. Attractive valuations in other markets, particularly in Chinese stocks, will facilitate further selling by FIIs in India since Indian valuations are elevated. Concerns of earnings downgrades in H2 FY 25 render Indian valuations difficult to sustain. However, the sustained flows into the domestic mutual funds, where monthly SIPs have set a new record of Rs 24500 in September, will ensure that all FII selling will be easily absorbed by DII buying. This has been the trend in October so far.

  A healthy trend in the market is the leading private sector banks getting accumulated and showing resilience even in a weak market. This is the most attractively valued segment in this market where there is no valuation comfort. Lot of stock-specific action can be expected in the coming days in response to Q2 results. Banking and IT are likely to post reasonably good results.”

• October 11, 2024 10:00
  

  Stock market live updates today: IFA Global Research

  US Sep CPI print came in higher than expected. Headline CPI print came in at 2.4% yoy against expected 2.3%. Core CPI came in at 3.3% against expected 3.2%

  US Sep PPI print and University of Michigan consumer sentiment and inflation expectations data are due today. 

  Markets are awaiting a speech on Saturday by Chinese finance minster for announcement of a stimulus package which could be around CNY 2tn. 

  Price action across assets

  US 2y yield has come off 5bps to 3.96% while 10y yield is down 1bps at 4.06%

  Dollar is steady across majors

  S&P500 ended 0.2% lower while Nasdaq ended flat. Asian equities are trading flat to positive. 

  Brent has risen to USD 79 per barrel on reports indicating Israel was ready to make a decision on how it would retaliate against Iran. Gold has recovered to USD 2635 per ounce

• October 11, 2024 09:59
  

  Stock market live updates today: Quote on AMFI Numbers by Madhu Nair, Chief Executive Officer at Union Asset Management Company Private Limited

  “Momentum continues with strong retail flow into equity schemes driven by SIPs and new fund offers. While thematic category-based schemes are getting lion’s share of flows, rest of the flows have been spread uniformly across Multicap, Flexicap, Large and Midcap, Large cap, Multi Asset, Midcap and Small cap schemes. Arbitrage funds due to lower spreads and liquidity funds due to quarter end redemptions from institutional investors have seen outflows while medium to long duration funds like gilt and corporate bond funds have seen significant pick up in net flows in the anticipation of future rate cuts”.

• October 11, 2024 09:54
  

  Stock market live updates today: P N Gadgil Jewellers Ltd open new store at Charholi, PCMC, Pune. Stock trades flat at ₹747 on the NSE

• October 11, 2024 09:53
  

  Stock market live updates today: Easy Trip Planners has incorporated a wholly-owned subsidiary under the name of Easy Green Mobility Private Ltd; shares trade at ₹34.11 on the NSE, down by 0.73%.

• October 11, 2024 09:53
  

  Stock market live updates today: RBI imposes penalty on IndusInd Bank; shares trade flat

  IndusInd said a penalty of Rs. 30,000.00 has been imposed on the bank by Reserve Bank of India on account of observations found during an incognito visit by RBI officials at Shalimar Bagh Branch and Vasant Vihar Branch. 

  Shares trade flat on the NSE at ₹1,359.85.

• October 11, 2024 09:49
  

  Stock market live updates today: JioFinance App is now available on the Google Play Store, Apple App Store and MyJio. The Jio Financial Services stock trades at ₹342.30 on the NSE, down by 0.44%

• October 11, 2024 09:49
  

  Stock market live updates today: Aurionpro launches next-generation transaction banking platform in Saudi Arabia. Shares trade flat on the NSE at ₹1,690

• October 11, 2024 09:48
  

  Stock market live updates today: Top gainers and losers on the NSE at 9.35 am

  Top gainers: HCL Tech (1.97%), Wipro (1.43%), Trent (1.18%), Hindalco (1.08%), Tata Steel (0.96%)

  Top losers: Cipla (-1.31%), Bajaj Finance (-1.09%), Bharti Airtel (-1.04%), Asian Paints (-0.99%), Power Grid (-0.82%)

• October 11, 2024 09:18
  

  Stock market live updates today: Sensex traded marginally lower by 105.09 points or 0.13% to 81,506.32, and Nifty 50 slipped 28.95 points or 0.12% to 24,969.50 as at 9.16 am.

• October 11, 2024 09:18
  

  Stock market live updates today: WHAT HAPPENED OVERNIGHT

  -> SPX -0.21%, Nasdaq -0.05%, Russell 2000 -0.64%

  -> US core CPI at 0.31% MoM vs 0.2% expected

  -> Some hawkish Fedspeak, FOMC voter Bostic said he’s OK with pause in November 

  -> UST 10y yield lost 1 bps to 4.06%

  -> Dollar Index flat at 102.89

  -> Brent Oil up 3.4% to $79.15

  Up Ahead

  -> US Q3 earnings kick off Friday (JPM, Wells Fargo)

  -> China fiscal policy press conference on Saturday

  -> Middle East headlines are a risk into the weekend

• October 11, 2024 09:17
  

  Stock market live updates today: Macro and market update

  The annual inflation rate in the US slowed for a sixth consecutive month to 2.4% in September 2024, the lowest since February 2021, from 2.5% in August. However, figures came above forecasts of 2.3%. Annual core inflation rate unexpectedly edged up to 3.3%, compared to 3.2% in the previous two months. Given yesterday’s report we expect Sep-24 PCE/Core PCE at 2/2.6% YoY. For rate cuts, we expect the Fed to cut by another 50bps cut in CY24, unless Nov-24 unemployment rate comes near 4%. We are keeping a close eye on the US 10y, which inched to 4.1% which can add to pressure again in EM assets in Q4CY24 – we retain our US 10y outlook at 4-4.4% for CY24 as noted in our mid year outlook in July

  The average rate on a 30-year fixed mortgage surged to 6.32% as of October 10th, rebounding further from its mid-September 2022 low of 6.08% seen September 26th, according to Freddie Mac. This rise aligns with increasing long-term Treasury yields, as investors adjusted expectations.

  The number of individuals filing for unemployment benefits in the U.S. rose by 33,000, reaching a total of 258,000 for the week ending October 5th, surpassing market expectations of 230,000. This marks the highest level in 14 months, largely driven by substantial increases in Michigan and states affected by Hurricane Helene

  Coming to India, The government repurchased Rs 24,453 crore worth of bonds through a buyback auction, which was conducted by the Reserve Bank of India. The Centre had offered to repurchase Rs 25,000 crore worth of securities. 

  The state of Rajasthan will launch new mineral policy to boost revenue and streamline mining. The policy targets increasing the sector’s contribution to Rajasthan’s gross domestic product from 3.4 per cent in FY24 to 5 per cent by FY30 and up to 8 per cent by FY47, while curbing illegal mining and ensuring environmental protection.

  In other global news, The World Trade Organization (WTO) on Thursday revised downwards its projection of world merchandise trade growth to 3 per cent in 2025, from its earlier estimate of 3.3 per cent For 2024, the WTO revised upwards its forecast for merchandise trade growth to 2.7 per cent, up from the previous estimate of 2.6 per cent.

  European Central Bank policymakers appeared content with the drop in inflation when they met last month but argued for a gradual policy easing given stubborn price pressures, the accounts of their Sept. 12 policy meeting showed.

  Asian markets opened on a mixed note as US markets reacted negatively to a hot US CPI report. Surge in US 10y also brings risk to the Asia assets. 

  Brent 78.97, USD 102.84, US 10y 4.06%, Nifty futures -0.16%

• October 11, 2024 09:17
  

  Stock market live updates today: Researchbytes Analyst App 

  https://play.google.com/store/apps/details?id=com.intelegain.rb

  Conference call Replay available in Various speeds !

  Researchbytes Events Update

  As of 07:56 AM Friday 11 October 2024

  Can set alert for them at www.researchbytes.com 

  2:00 PM Anand Rathi Wealth

  Dial: +91 22 6280 1112

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  4:00 PM EMERALD

  Dial: +91 22 6280 1239 

  Weblink: https://tinyurl.com/37tvb3hc

  GTPL Hathway : (replay)

  https://www.researchbytes.com/webcast.aspx?WID=311259

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  Replays available at www.researchbytes.com

• October 11, 2024 09:16
  

  Stock market live updates today: Fund House Recommendations  

  GS on HDFC Life: Maintain Buy on Company, target price at Rs 820/Sh (Positive) 

  GS on SBI Life: Maintain Buy on Company, target price at Rs 2000/Sh (Positive) 

  Bernstein on PB Fintech: Maintain Outperform on Company, target price at Rs 1720/Sh (Positive) 

  HSBC on VBL: Maintain Buy on Company, raise target price at Rs 780/Sh (Positive) 

  GS on Godrej CP: Maintain Buy on Company, target price at Rs 1525/Sh (Positive) 

  Jefferies on GMR Airports: Maintain Buy on Company, target price at Rs 106/Sh (Positive) 

  UBS on 360 One: Initiate Buy on Company, target price at Rs 1250/Sh (Positive) 

  Equirus on Mas Fin: Initiate Buy on Company, target price at Rs 401/Sh (Positive) 

  Citi on Indus Tower: Maintain Buy on Company, target price at Rs 500/Sh (Positive) 

  Citi on Cipla: Maintain Buy on Company, target price at Rs 1870/Sh (Positive) 

  UBS on Kotak Bank: Maintain Neutral on Bank, raise target price at Rs 1950/Sh (Positive) 

  CLSA on Bandhan Bank: Maintain Outperform on Bank, target price at Rs 240/Sh (Positive) 

  Jefferies on Bandhan Bank: Maintain Neutral on Bank, target price at Rs 240/Sh (Positive) 

  Goldman Sachs on Bandhan Bank: MD & CEO appointment and CGFMU claim resolution removes near term overhang (Positive) 

  CLSA on Bandhan Bank: Key overhangs gone, focus will be back on its fundamentals (Positive) 

  Jefferies Greed & Fear: China’s weight in the Asia Pacific ex-Japan portfolio will increase by 0.5%, with India’s weight reduced by the same amount (Neutral) 

  JP Morgan on TCS: Maintain Overweight on Company, cut target price at Rs 5100/Sh (Neutral) 

  Citi on TCS: Maintain Sell on Company, cut target price at Rs 3935/Sh (Neutral) 

  Investec on TCS: Maintain Sell on Company, target price at Rs 3620/Sh (Neutral) 

  HSBC on TCS: Maintain Buy on Company, target price at Rs 4540/Sh (Neutral) 

  Nomura on TCS: Maintain Buy on Company, target price at Rs 4150/Sh (Neutral) 

  Investec on Bandhan Bank: Maintain Sell on Company, target price at Rs 180/Sh (Neutral) 

  Nomura on Credit Access: Downgrade to Reduce on Company, target price at Rs 950/Sh (Negative)

• October 11, 2024 08:52
  

  Stock market live updates today: Sensex, Nifty to open marginally higher; IT stocks in focus after TCS misses quarterly profit forecast

  Indian shares are set to open marginally higher on Friday, with the focus on IT stocks after Tata Consultancy Services kicked off the earnings season for local tech majors on a dour note as it reported a quarterly profit miss.

  The Gift Nifty was trading at 25,102, as of 8:24 a.m. IST, indicating that the benchmark Nifty 50 will open slightly above its close of 24,998.45 on Thursday.

  Benchmark index Nifty 50 has witnessed profit-booking over the past two weeks, logging losses in seven of nine sessions. The index has dropped 4.7% from record-high levels scaled on September 27.

• October 11, 2024 07:01
  

  Stock market live updates today: Economic Calendar – 11.10.2024

  Hong Kong @ Market Holiday

  11.30 U.K. GDP m/m (Expected: 0.2% versus Previous: 0.0%)

  11.30 U.K. Industrial Production m/m (Expected: 0.2% versus Previous: -0.8%)

  17.30 INDIA Industrial Production y/y (Expected: 4.4% versus Previous: 4.8%)

  18.00 U.S. PPI m/m (Expected: 0.1% versus Previous: 0.2%)

  19.15 U.S. FOMC Member Barkin Speaks

  19.30 U.S. Prelim UoM Consumer Sentiment (Expected: 70.9 versus Previous: 70.1)

  19.30 U.S. Prelim UoM Inflation Expectations (Previous: 2.7%)

  20.15 U.S. FOMC Member Logan Speaks

  Economic Calendar – 13.10.2024

  07.30 China CPI y/y (Expected: 0.6% versus Previous: 0.6%)

  07.30 China PPI y/y (Expected: -2.5% versus Previous: -1.8%)

  Economic Calendar – 14.10.2024

  U.S. Bank Holiday (Financial Markets to remain open for Trading)

  Japan @ Market Holiday

  TENT China Trade Balance (Previous: 91.0B)

• October 11, 2024 07:01
  

  Stock market live updates today: Tata Elxsi reported net income for the second quarter that beat the average analyst estimate.

  SECOND QUARTER RESULTS

  Net income 2.29 billion rupees, +15% y/y, estimate 2 billion rupees (Bloomberg Consensus)

  Revenue 9.55 billion rupees, +8.3% y/y, estimate 9.47 billion rupees

  Total costs 7.21 billion rupees, +11% y/y

• October 11, 2024 07:00
  

  Stock market live updates today: Major U.S. listed stocks result calendar 11.10.2024

  J P Morgan Chase & Co (Pre market) (Sector- Financial)

  Wells Fargo & Company (Pre market) (Sector- Financial)

  BlackRock, Inc. (Pre market) (Sector- Financial)

  The Bank Of New York Mellon Corporation (Pre market) (Sector- Financial)

  Fastenal Company (Pre market) (Sector- Capital Goods)

  Progressive Corporation (The) (TENT) (Sector- Financial)

• October 11, 2024 07:00
  

  Stock market live updates today: Fund Flow Activity

  10 October 2024 (Rs. In Crs.)

  Turnover: (NSE + BSE)

  Cash Volume: 93973.46 + 12723.68 Total: 106697.14

  F&O Volume: 427653.87 + 1444934.57 Total: 1872588.44

  Provisional Cash

  FII/FPI: NET SELL: -4926.61 

  (16514.3 – 21440.91) 

  DII: NET BUY: +3878.33 

  (13301.19 – 9422.86)

• October 11, 2024 07:00
  

  Stock market live updates today: LIVESQUAWK INDIA AND REDBOX

  ANAND RATHI WEALTH: Q2 CONS NET PROFIT 761M RUPEES VS 575M (YOY)

  ANAND RATHI WEALTH: Q2 REVENUE RUPEES 2.42B VS 1.83B (YOY)

  ANAND RATHI WEALTH: Q2 EBITDA RUPEES 1.04B VS 775M (YOY) || Q2 EBITDA MARGIN 42.94 % VS 42.43% (YOY)

  ANAND RATHI WEALTH: CO DECLARED DIVIDEND OF 7 RUPEES PER SHARE

  ANAND RATHI: CO’S MUTUAL FUND DISTRIBUTION REVENUE INCREASED BY 70% YOY TO RUPEES 195 CRORES || CO’S NET INFLOWS GREW BY 128% YOY TO RUPEES 5,700 CRORES

  ANAND RATHI: CO EXEC SAYS PROSPECTS ARE POSITIVE, SUPPORTED BY THE RISING HNI POPULATION WHO ARE SEEKING A STRATEGIC APPROACH TO WEALTH CREATION

• October 11, 2024 06:59
  

  Stock market live updates today: U.S. Unemployment Claims 

  Actual: 258k 

  Expected: 231k 

  Previous: 225k 

  U.S. CPI m/m 

  Actual: 0.2% 

  Expected: 0.1% 

  Previous: 0.2% 

  U.S. CPI y/y 

  Actual: 2.4% 

  Expected: 2.3% 

  Previous: 2.5% 

  (Inflation Data seen higher than estimates, supportive for US Dollar)

• October 11, 2024 06:58
  

  Stock market live updates today: Today’s Stock Recommendation: October 11, 2024

• October 11, 2024 06:56
  

  Stock market live updates today: Bank of Korea cuts interest rates for the first time in almost two years

  South Korea’s central bank has cut its benchmark interest rate by 25 basis points to 3.25%, the first rate cut since the Federal Reserve started tightening its monetary policy in March 2022. South Korea’s inflation rate dropped to a three-year low at 1.6% in September, well under BOK’s target of 2%.

• October 11, 2024 06:50
  

  Stock market live updates today: Stock to buy today: Laurus Labs (₹465)

  The stock of Laurus Labs depreciated in the second half of September. It extended the downswing in the first week of October as well. However, it found support at ₹430 this week. At this point, trendline support and the 200-day moving average coincide, making it a strong base. Corroborating this, the scrip has rebounded from this level. Going ahead, we expect the stock of Laurus Labs to build further momentum in the rally and touch ₹530 in the near-term. Read more