Booking Financial News

South Indian Bank reported 23% growth in net profit for the quarter ended September'23 on better credit quality and improved profitability. The bank declared net profit of Rs 275 crore for the September 2023 quarter compared to Rs. 223 crore in the same period a year ago.

By Lucia Mutikani

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 198,000 for the week ended Oct. 14, the Labor Department said on Thursday.

(Reuters) -American Airlines on Thursday beat estimates for third-quarter adjusted profit and said bookings for the upcoming holiday season have been stronger than last year, sending its shares up 1.6% in premarket trading.

Wells Fargo Advisors SVP Mark Smith reveals which stock market sectors are poised to break out on 'Making Money.'

From 8-½ month highs of nearly $3.50, US natural gas is clinging to low $3s now after a mini crash over two weeks.

Aditya Gaggar, Director of Progressive Shares believes that the earliest signs of recovery in the IT sector would only be visible from Q4FY24 or Q1FY25 onwards. In an interview with Mint, he said one can look at banking, infrastructure, auto, pharma, and chemicals sectors to invest. However, he emphasised that it is more of a stock-specific rather than a sector-driven market.

Taylor Swift’s Australian ticket sale is over, and so is the sale process for Ticketek-owner TEG.

UBS and Bell Potter have underwritten Liontown Resources’ equity raising for $375 million at $1.80 a share, or a 35.5 per cent discount to the last close.

₹480 to ₹505 per equity share of face value of ₹10. IRM Energy IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

BSE at 01:03PM (IST) on Thursday, down 0.27 per cent. The stock quoted a 52-week low price of Rs 557.15 and a high of Rs 775.0. Earlier in the day, the stock saw a gap down opening.

GAIL (India) Ltd. fell 0.8 per cent to Rs 129.95 in Thursday's trade as of 11:52AM (IST) even as the benchmark Nifty ruled at 19645.3, down 25.8 points. The scrip had closed at Rs 131.0 in the previous session.

Multibagger stock: Shares of Tiger Logistics (India) Ltd are one of the multibagger stocks that Indian stock market has delivered in last one year. This multibagger stock has risen from around ₹240 to ₹499 apiece levels on BSE, logging around 110 per cent rise in this time.

Gaza City, where numerous injured individuals and other Palestinians were seeking refuge on Tuesday. The Health Ministry under Hamas's control stated that hundreds of people lost their lives. While Hamas attributed the incident to an Israeli airstrike, the Israeli military pointed to a rocket that had been misfired by Palestinian militants as the cause.

₹5,784.65 apiece on BSE. Persistent Systems shares were hovering near 52-week high levels.

Escorts Kubota Ltd, part of the tractor segment, has rallied more than 40% in the last 3 months to hit a fresh record high in October and the chart pattern suggests that the rally may not be over yet. Medium-term investors can look to buy the stock on dips for a possible target of 3800-4000 in the next 3 months, suggest experts. The stock rose from Rs 2376 as of July 14, 2023, to Rs 3365 recorded on 16 October 2023 which translates into an upside of over 40% in 3 months. The stock hit a record high of Rs 3435 on 11 October 2023. It witnessed marginal selling pressure, which was in line with muted market sentiment, but the upside remains intact, suggest experts. The stock gave a breakout from a month-long consolidation last week which has opened room for the stock to head towards fresh record highs on the daily charts. “Despite closing at an all-time high, Escorts has provided a positive upward breakout with high volume.

Air India has recently announced a special sale on its India-Singapore and India-Bangkok routes. This sale offers irresistible fares in economy and business class for travel until March next year. For bookings made from India, the economy round-trip fares on select India-Singapore routes start from Rs 13,330, and on select India-Bangkok routes from Rs 17,045.

IndusInd Bank jumped 2.5% to the day's high of Rs 1,456.50 on the NSE on Thursday following strong September quarter earnings posted by the private lender on Wednesday post market hours. The stock was among top Nifty gainers in the early trade riding on the fresh impetus provided by favourable views from top brokerages. Among the ones who came out with their post-earnings review of the stocks were BofA, Kotak Institutional Equities and Nuvama and all of them have a buy view on the counter.

Indian Railways are executing projects better than ever. India has the fourth-largest railway system in the world due to its extensive network of rail tracks that almost encircle the whole country. More than 1.4 million (m) people are employed along its 67,850 km of travel.

The chief suspect in Natalee Holloway’s 2005 disappearance in Aruba admitted he killed her and disposed of her remains, and has agreed to plead guilty to charges he tried to extort money from the teen’s mother years later, a U.S. judge said Wednesday,

Feroze Azeez, Deputy CEO, Anand Rathi Wealth, “the Indian market has operated with high inflation and a high interest rate economy for long periods of time. So, I do not see that as a big risk for India and if you look at the correlation between yields and the cash flows of FII, the correlation is significantly lower this time around.” In the US 10-year, 4.8% has been breached. What are the other downside risks to the markets that can play out over the next year or so because markets are very close to all-time highs? Of course, the 10-year Fed rate is at 4.8%. The last 10 years’ average of the 10-year Fed rate is 2.2%. We are trading at 150% greater in the US market. If you compare that to the Indian situation, the 10-year G-Sec average for the last 10 years is close to 6.8%. We are at 7.3%, that is just less than 10%. But in the US 10-year, there is a 150% rise, that is point one.