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Subscribe to enjoy similar stories. MUMBAI : The Indian stock market has enjoyed an impressive rally in 2024, with benchmark indices such as the Nifty50 surging over 20% at its highs. Currently, the index sits at around 25,000, reflecting a gain of roughly 15%.

Cholamandalam Investment & Finance Company Ltd. traded at Rs 1490.9 on BSE at 10:49AM (IST) on Thursday, up 0.4 per cent from previous close. The scrip quoted a 52-week low price of Rs 1011.5 and a high of Rs 1650.0.

Balrampur Chini Mills Ltd.(up 0.41%), Simbhaoli Sugars Ltd.(up 0.36%), EID Parry(India)Ltd.(up 0.16%) and Magadh Sugar & Energy Ltd.(up 0.15%) were among the top gainers.

Bitcoin has recently surged past $67,000, reaching new monthly highs and pushing its market cap to $1.33 trillion. Over the past year, it has delivered an impressive 142% increase, driven by significant developments and growing confidence in the crypto space. We are now at a time where adoption of crypto is rapidly scaling. Let’s dive into the key factors behind this price action and explore the events shaping its upward momentum.

Macquarie has a neutral rating on Bajaj Auto while Jefferies has a buy rating on KIE Industries. Macquarie has maintained its outperform rating on Zydus Life and Investec has retained a sell rating on L&T Technology.

Mphasis shares will be in focus on Thursday after the company reported a 4.6% sequential increase in net profit for the quarter ending September. The net profit stood at Rs 423 crore, up from Rs 404 crore in the first quarter. Revenue for the second quarter of fiscal 2025 rose by 3.3% to Rs 3,536 crore, compared to Rs 3,422 crore in the previous quarter.

LTTS) shares will be in focus on Thursday following the company's report of a marginal 2% increase in its consolidated net profit, reaching Rs 320 crore for the quarter ended September 2024, up from Rs 315 crore a year ago. In the same reporting period, revenue from operations rose by 8% year-on-year (YoY) to Rs 2,573 crore, compared to Rs 2,386 crore in the previous year.

The Nifty future closed negative with losses of 0.34% at 25032 levels on Wednesday.

Piyush Goyal recently held a crucial meeting with several prominent stakeholders from the pharmaceutical industry to address concerns of pharmaceutical exporters. The meeting held on Wednesday was attended by the General Secretary of the Indian Drug Manufacturers Association (IMDA), along with several other prominent stakeholders from the pharmaceutical industry. According to a statement by minister's office, the discussions aimed to address the pressing challenges faced by pharmaceutical exporters and explore potential solutions to enhance India's global standing in the sector.

Justin Trudeau admitted that his government had not provided «hard evidentiary proof» when accusing India of involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar, the Ministry of External Affairs (MEA) on Thursday said Trudeau’s statement «only confirms» what New Delhi has maintained «consistently all along.» The MEA also blamed Trudeau's «cavalier behaviour» for damaging relations between India and Canada. «What we have heard today only confirms what we have been saying consistently all along—Canada has presented us no evidence whatsoever in support of the serious allegations that it has chosen to level against India and Indian diplomats,» MEA spokesperson Randhir Jaiswal said in an official statement. He added, «The responsibility for the damage that this cavalier behaviour has caused to India-Canada relations lies with Prime Minister Trudeau alone.»

Bikaji Foods International shares will be in focus on Thursday after the company announced that its wholly-owned subsidiary, Bikaji Foods Retail, will make a strategic investment of Rs 131.01 crore for a 53.02% stake in Hazelnut Factory Food Products. Hazelnut Factory is a café-cum-artisanal sweets brand based in Lucknow. The investment will be made in tranches, with the acquisition expected to be completed over the next two years, according to the company's stock exchange filing.

Gold prices held below record levels on Thursday as investors looked forward to a slew of U.S. economic data that could offer more clues on the Federal Reserve's monetary easing path.

Reliance Industries (RIL) will be in focus on Thursday as the oil-to-retail conglomerate has fixed Monday, October 28, 2024 as the record date for determining shareholders eligible for the issue of 1:1 bonus shares. The company received approval from shareholders late Wednesday. The total percentage of votes cast in favour of the bonus issue resolution was 99.92%, with just 0.07% votes against it.

earnings season is underway and as many as 38 companies will announce their numbers for the July-September 2024 period today. Among them are 4 Nifty companies including Infosys, Wipro, Nestle and Axis Bank that will declare their results. Apart from the above, Havells, Polycab, LTIMindtree, Harshil Agrotech, IGC Industries, Indian Overseas Bank, Jindal Stainless, Dhanlaxmi Bank among others will report their quarterly results.

foreign fund outflows and weak trends in global markets Stocks that were in focus include names like Bajaj Auto, which gained 0.9%, LTTS, which jumped 0.12%, and BSE, whose shares declined nearly 5% on Wednesday.

Goldman Sachs said on Wednesday it expects the U.S. Federal Reserve to deliver consecutive 25-basis-point (bps) interest rate cuts from November 2024 through June 2025 to a terminal rate range of 3.25-3.5%. Last month, the U.S. central bank cut the overnight rate by half a percentage point, citing greater confidence that inflation will keep receding to its 2% annual target.

dollar held near an 11-week high on Thursday as uncertainty over the upcoming U.S. election looms and as resilience in the U.S. economy added to bets the Federal Reserve will be less aggressive in easing rates versus its peers elsewhere. The highlight of the Asia day will be a press conference in China at 0200 GMT focused on measures to prop up its beleaguered property sector, which will be key in getting the economy back on steadier footing and determining whether the rally in Chinese markets can continue.

Infosys will be in focus in Thursday's trade as the IT services exporter will announce its results for the quarter ended September 2024 later today. India's second largest software exporter is likely to report healthy numbers in the second quarter, driven by ramp-up of mega-deals and continued demand improvement in the financial services segment.

Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.

Subscribe to enjoy similar stories. A key takeaway from the September quarter (Q2FY25) earnings of HDFC Life Insurance Company Ltd is that pressure on value of new business (VNB) margin continues. VNB margin came in at 24.4% in Q2FY25, down sequentially and year-on-year.

Shares of Mahindra Lifespace Developers Ltd.(up 3.13 per cent), Godrej Properties Ltd.(up 2.59 per cent), Phoenix Mills Ltd.(up 1.35 per cent), DLF Ltd.(up 1.07 per cent) and Sobha Ltd.(up 0.32 per cent) ended the day as top gainers in the pack.