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18.10 / 00:19

markets IPO Analysis Hyundai Research Trade Experts Institutional demand helps Hyundai cross the IPO line

Hyundai Motor India's ₹27,870 crore initial public offering (IPO) — the country's largest ever — was subscribed 2.37 times on Thursday the final day of bidding. The issue sailed through thanks to a strong appetite from institutional investors as the high net worth and retail investor categories failed to garner enough bids. Investors placed bids for 236 million shares worth ₹46,320 crore in the issue, against the 99.8 million shares worth ₹19,555 crore (excluding anchor allotment) offered by Hyundai Motor India's South Korean promoters. Earlier this week, the company raised ₹8,315 crore (roughly 30% of the IPO size) as part of the anchor allotment from 225 institutional investors.

18.10 / 00:19

UPS security Analysis Research Trade Experts 2020 Bajaj Auto wheels in caution, drags festive mood, its stock & peers

investors' favour on Thursday after Bajaj Auto guided for lower two-wheeler sales growth in its second-quarter results. Shares of Bajaj Auto — India's largest two-wheeler maker — plunged 13.1% on Thursday, the largest single-day fall since March 2020. The pessimism rubbed off on its peers Hero MotoCorp and TVS Motor, which fell over 3% each. «Bajaj Auto has lowered its estimated growth for the two-wheeler motorcycle industry in the fiscal year 2025 to 5% YoY, down from the previous estimate of up to 8%,» said Shridhar Kallani, research analyst-auto at Axis Securities. «This cautious outlook has unsettled investors and also affected other major two-wheeler manufacturers.»

17.10 / 23:13

markets COST UPS Analysis economy wellness reports Ottawa’s mortgage changes will be a ‘double-edged sword,’ TD economist warns

Ottawa’s proposed mortgage changes may well give first-time homebuyers a near-term boost in affordability, but could also stoke vulnerabilities in the Canadian economy, a TD Bank economist argues.

17.10 / 18:27

UPS Target FIVE Analysis country reports Deficit likely surpassed Liberal pledge for $40B cap this past year: PBO

The federal government likely failed to keep its deficit below the promised $40-billion cap in the last fiscal year, the parliamentary budget officer said on Thursday.

17.10 / 18:09

markets Digital Analysis Election President performer 2020 This group of people could clinch the U.S election for Kamala Harris

In spite of former President Trump making progress recently with Latino and Black voters, the polling suggests White women are moving decidedly away from him in battleground states. Notably, in 2020, Trump won the White women's vote by seven points; whereas his current advantage has eroded to a mere one point.

17.10 / 18:09

markets COST Analysis Trade Experts country cover India pitches for dispute settlement fund at WTO

World Trade Organization (WTO) suggested creation of up a Dispute Settlement Fund or reimbursement of litigation costs of trade disputes for poor countries. «India has submitted a paper at the WTO suggesting the establishment of a Dispute Settlement Fund as one option to the address the issue of litigation costs,» said an official, adding that South Africa said that establishing a fund is «essential». It has been backed by 48 countries. It draws from a proposal by the African Group that has suggested that such a fund could be financed from the regular budget of the WTO and voluntary contributions from members, with disbursements in accordance with criteria to be adopted by the Dispute Settlement Body.

17.10 / 17:11

markets Strategy Analysis Enterprise trends Trade Diversity Adani Enterprises' QIP sees healthy demand, Rs 4,200 crore raised through issue

Adani Enterprises has successfully completed the qualified institutional placement (QIP), raising nearly Rs 4200 crore. The company has allocated 1.41 crore shares at an issue price of Rs 2,962 apiece. The transaction was launched post-market hours on October 9 with a deal size of Rs 4,200 crores ($500 million) and closed on October 15.

17.10 / 16:03

markets Analysis Trade Experts performer reports International Ceat Q2 Results: Net profit declines 42% to Rs 121 crore

Ceat on Thursday said its consolidated profit after tax declined 42 per cent year-on-year to Rs 121 crore for the second quarter ended September 2024 on account of an increase in commodity prices. The company reported a profit after tax of Rs 208 crore in the July-September period of the last fiscal. Its revenue from operations rose to Rs 3,304 crore for the second quarter compared to Rs 3,053 crore in the year-ago period, Ceat said in a regulatory filing.

17.10 / 16:03

markets Action security Analysis Trade Experts show Ahead of Market: 10 things that will decide stock action on Friday

equity indices fell for the third consecutive session on Thursday, weighed down by Bajaj Auto's warning of weak festive sales, along with concerns over high stock valuations and ongoing foreign fund outflows. The 30-share BSE Sensex dropped 495 points, or 0.61%, to close at 81,006, while the broader NSE Nifty declined 221 points, or 0.89%, ending at 24,749.8. The Nifty50 also touched a two-month low during the session.

17.10 / 13:55

UPS Analysis Research show patient Weight-loss drugs cut drug and alcohol abuse, according to new study

Subscribe to enjoy similar stories. Drugs such as Novo Nordisk’s blockbuster Ozempic can cut drug and alcohol abuse by up to 50% according to a new study, adding to mounting evidence that the drugs yield health benefits beyond diabetes and weight loss.

17.10 / 13:51

markets Analysis Food Experts Universities reports What are the campaign teams of Trump and Harris eating? Italian, Chinese, American; here's the breakdown

White House when he served the brand to the football team of Clemson University during a government shutdown. On the other hand, the campaigns of Republican Party spent over $200,000 collectively at Chick-fil-A, reported Independent. This amount is 20 times more than the expenses of their Democratic counterparts while the campaign of Biden-Harris preferred a system of fast-casual dining where they spent over $7,000 at Panera Bread. Also Read:Who is the senator whom Donald Trump calls fantastically attractive

17.10 / 12:15

Provident security Analysis Election Trade donates Bitcoin price analysis Bitcoin Price Analysis: Italy’s 42% Tax Proposal, Trump Secures $7.5M in Crypto Donations

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

17.10 / 11:39

markets UPS security Analysis Research Trade Updates Stock market update: Nifty IT index advances 1.19%

Shares of MphasiS Ltd.(up 5.8 per cent), Infosys Ltd.(up 2.5 per cent), Tech Mahindra Ltd.(up 2.34 per cent), Coforge Ltd.(up 0.74 per cent) and LTIMindtree Ltd.(up 0.56 per cent) ended the day as top gainers in the pack.

17.10 / 11:17

Art security Analysis Trade Experts recommendations Wipro board announces 1:1 bonus share issue

Wipro announced on Thursday the issue of bonus shares to its eligible shareholders in the ratio of 1:1 along with its result for the second quarter ended September 2024. “The Board of Directors («Board») of Wipro Limited («Company»), have at their meeting held over October 16-17, 2024, considered and approved the following: Recommended to the shareholders for their approval, through postal ballot, issue of bonus equity shares in the proportion of 1 :1, i.e., 1 (One) bonus equity share of~ 2/- each for every

17.10 / 11:17

UPS Analysis Trade Experts reports LTIMindtree Q2 Results: Net profit rises 8% YoY to Rs 1,251 crore, revenue up 6%

LTIMindtree reported 8% year-on-year growth in its consolidated net profit at Rs 1,251 crore in the quarter ended September 2024. Revenue from operations in the reporting period rose 6% year-on-year to Rs 9,433 crore. The company's board has approved an interim dividend of Rs 20 per share and fixed October 25 as the record date for the same. The said dividend will be paid within 30 days of the announcement.

17.10 / 10:41

UPS Analysis Research Trade Experts Infosys announces Rs 21/share interim dividend, fixes October 29 as record date. Check details

Infosys, along with its second-quarter results, has announced an interim dividend of Rs 21 per share for its eligible shareholders and has fixed October 29 as the record date for the purpose. The company has also announced November 9 as the payout date for the dividend.

17.10 / 10:41

UPS Analysis Research Trade Experts Infosys Q2 Results: Profit rises 5% YoY to Rs 6,506 crore; revenue also up 5%

Infosys, reported a 5% growth in its consolidated net profit, reaching Rs 6,506 crore in the second quarter, compared to Rs 6,212 crore a year ago. The company has revised its FY25 revenue guidance to 3.75%–4.5%.

17.10 / 10:41

markets Strategy Analysis trends Trade Experts reports Wipro Q2 Results: Cons PAT jumps 21% YoY to Rs 3,209 crore, beats estimates

Wipro on Thursday reported a 21% jump in net profit to Rs 3,209 crore for the quarter ended September 2024 versus Rs 2,646 crore logged in the year-ago period. The figure was higher than ET Now poll estimates of Rs 3,050 crore.

17.10 / 10:41

markets UPS Analysis Nestle wellness Trade Experts Sensex down 495 pts; Nifty settles below 24,800; banking, auto stocks drag

NSE Nifty hit a two-month low during the session. The 30-share BSE Sensex fell by 495 points, or 0.61%, to close at 81,006, while the broader NSE Nifty slipped 221 points, or 0.89%, ending at 24,749.8.

17.10 / 09:39

markets Manufacturing Analysis Nikkei Trade stars reports Nikkei closes lower as chip stocks drag, investors focus on earnings

Nikkei share average closed lower on Thursday, as chip stocks slid despite industry star TSMC reporting better-than-expected earnings, while investors waited for more earnings results from domestic and overseas firms for further direction. The Nikkei fell 0.7% to a one-week closing low of 38,911.19, while the broader Topix finished 0.1% lower at 2,687.83.

17.10 / 09:39

markets Analysis WhatsApp Research Trade reports Commentary Central Bank of India Q2 Results: Profit surges 51% YoY to Rs 913 crore

Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago. Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.

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