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rupee stayed flat at 84.07 against the US dollar in early trade on Thursday amid elevated crude oil prices and continuous withdrawal of foreign funds from capital market. However, the local unit found some cushion as the dollar retreated from its higher level while the domestic equity markets indicated a recovery, forex traders said. At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and slipped 1 paisa to trade at previous day's closing level in initial deals.

Hindustan Unilever (HUL) fell by 5% to the day’s low of Rs 2,533 on the BSE after reporting a 4% decline in its standalone net profit for the quarter ended September 2024, which reached Rs 2,612 crore, compared to Rs 2,717 crore posted in the same period last year. HUL reported revenue from operations of Rs 15,319 crore, up 2% from Rs 15,027 crore in the corresponding quarter of the previous financial year.

silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490. On Wednesday, gold and silver settled on a weaker note in the domestic and international markets. Domestic markets were also settled on a weaker note. Gold December futures contract settled at Rs77,812 per 10 grams with a loss of 1.07% and silver December futures contract settled at Rs96,960 per kilogram with a loss of 3.01%.

SBI Life's shares will be in focus on Thursday after the company reported a 39% year-on-year (YoY) growth in its consolidated net profit, reaching Rs 529 crore in the second quarter. This compares to Rs 380 crore in the same quarter last year. The net premium income for the reporting period increased by a marginal 1% YoY to Rs 20,266 crore.

Brokerage firms CLSA and Investec have buy ratings on Paytm and TVS Motor respectively. Meanwhile, Macquarie and CLSA have outperform ratings on SBI Life and Sona BLW respectively. Jefferies has a buy call on Godrej Properties.

AU Small Finance Bank shares are in the spotlight on Thursday after the bank reported a 42% year-on-year (YoY) rise in net profit for the September quarter at Rs 571 crore, buoyed by the impact of its acquisition of Fincare Small Finance Bank. Its net profit was Rs 402 crore in the year-ago period. Operating profit jumped 80% YoY at Rs 1,132 crore.

HDFC Securities has an add call on Supreme Industries with a target price of Rs 4,770. The current market price of the stock is Rs 4569.6. Supreme Industries, incorporated in 1942, is a midcap company with a market cap of Rs 58343.44 crore, operating in plastics sector. Supreme Industries's key products/revenue segments include Plastic Products, Polymers (Traded), Other Operating Revenue, Processing Charges and Export Incentives for the year ending 31-Mar-2024.

Indian market is expected to trade higher on Thursday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.21% at 24,487 levels on Wednesday.

Nifty continues to face resistance at the higher levels and it has closed below its previous support of 24,700 for the second consecutive time, indicating weakness in the short term. Until the index is not able to close above 24,700 the overall short-term trend remains negative.

Pulz Electronics are expected to be in focus today, as the record date for its 1:1 bonus issue is tomorrow, October 25, making today the last day to purchase shares for eligibility. This means that the shareholders who have the shares of the company in their demat accounts on the record date, will be credited with an additional share of the company as a bonus.

Subscribe to enjoy similar stories. India and China have announced that they have reached an agreement on patrolling their common border after more than four years of tension. Can this boost trade and investment flow between the two economic powers? Mint explains: It is a first step towards rebuilding their relationship which took a beating following the border clash at Galwan in June 2020.

Cuba’s large-scale blackouts that left 10 million people without power this month wouldn’t have happened if the government had built out more solar power to boost its failing electric grid as promised, some experts say

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Subscribe to enjoy similar stories. Meta Platforms Inc.’s chief AI scientist, Yann LeCun, was in Davos for the annual World Economic Forum meeting in January when he met Nandan Nilekani—the Infosys co-founder at the vanguard of India’s many technological advances. That meeting, LeCun says, partly triggered his decision to visit India a third time.

capital on Wednesday mainly driven by festive and wedding season demand, according to the All India Sarafa Association. Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg. Gold prices of 99.9 per cent and 99.5 per cent purity rose by Rs 500 each to Rs 81,500 per 10 grams and Rs 81,100 per 10 grams, respectively.

Boeing reported a massive loss of more than USD 6 billion in its third quarter, dragged down by a work stoppage and charges tied to its commercial aircraft and defence programmes. Boeing lost USD 9.97 per share for the period ended Sept 30, with an adjusted loss of USD 10.44 per share. Analysts polled by Zacks Investment Research were calling for a loss of USD 10.34 per share. Revenue totalled USD 17.84 billion, matching Wall Street estimates. The biggest news of the day, however, is likely to come Wednesday evening, when the International Association of Machinists and Aerospace Workers reveals whether striking union members will return to factories after crippling production.

Yann LeCun, vice president and chief AI scientist at Meta on Wednesday. Social media giant Meta's first Build with AI Summit in India was held here to discuss AI's transformative role in shaping the future of humankind. «AI assistants will eventually be smarter than us, but we should not feel threatened by that. We should feel empowered by it. It's kind of like everybody would walk around with a staff of smart people working for them. There is nothing better than working with people smarter than you, right?» said LeCun in his keynote address. According to him, everybody is going to be smarter because of that. «It's not just people like us in the tech community or in academia. It's going to be everyone. Everyone in India, even in rural areas, can ask questions to their AI assistants in their own language or for health issues, whatever. And it's a very different future that will become possible,» he added.

Subscribe to enjoy similar stories. ORLANDO, Fla.—Nvidia Chief Executive Jensen Huang told thousands of business technology leaders that their companies must become artificial intelligence-powered organizations to prepare for what he calls a “new industrial revolution." Huang spoke onstage at market research and consulting firm Gartner’s IT Symposium/Xpo event in Orlando on Tuesday, making the case that chief executives and chief information officers simply need to get started with AI, and the rest will follow.

Contract research and manufacturing services firm Syngene International on Wednesday reported a 9 per cent on-year decline in consolidated profit after tax to Rs 106 crore in the second quarter of FY25. The company reported a profit after tax (PAT) of Rs 117 crore in the July-September quarter of last fiscal. Revenue from operations declined to Rs 891 crore in the September quarter compared with Rs 910 crore in the year-ago period, Syngene International said in a statement.

Triveni Engineering & Industries Ltd.(up 3.35%), Mawana Sugars Ltd.(up 2.34%), Dwarikesh Sugar Industries Ltd.(up 2.32%), Shree Renuka Sugars Ltd.(up 2.07%), Magadh Sugar & Energy Ltd.(up 1.80%), Balrampur Chini Mills Ltd.(up 1.80%), Bajaj Hindusthan Sugar Ltd.(up 1.77%), KM Sugar Mills Ltd.(up 1.76%), Ugar Sugar Works Ltd.(up 1.13%) and Dalmia Bharat Sugar and Industries Ltd.(up 1.12%) stood among the top gainers.

Gujarat Mineral Development Corporation Ltd.(up 8.26%), Oriental Trimex Ltd.(up 5.01%), Lexus Granito(India)Ltd.(up 3.35%), The Orissa Minerals Development Company Ltd.(up 2.31%), MOIL Ltd.(up 1.61%), Aro Granite Industries Ltd.(up 1.42%), Ashapura Minechem Ltd.(up 1.40%), NMDC Ltd.(up 1.34%), Madhav Marbles & Granites Ltd.(up 1.31%) and Coal India Ltd.(up 1.23%) stood among the top gainers.