Surges Financial News

Bitcoin SV (BSV) bulls remain in the driving seat, with the cryptocurrency up another 6.5% on Thursday as its extends its gains this week to over 27%.

The Dow Jones Industrial Average rose 4.44 points, or 0.01%, at the open to 33,669.52. The S&P 500 opened higher by 6.76 points, or 0.16%, at 4,321.36, while the Nasdaq Composite gained 40.50 points, or 0.30%, to 13,354.80 at the opening bell.

₹764 crore for the quarter ended September. The Abhyuday Jindal-led firm posted a 12% increase in its consolidated revenue at ₹9,797 crore in the second quarter of the current fiscal year, it said in an exchange filing. “Our domestic sales are up by 15% YoY, buoyed by the government’s push for stainless steel in strategic sectors.

Netflix has increased the price of its premium ad-free plan by $3 per month to $22.99, while the cost for premium rose by 2 pounds to 17.99 pounds in Britain and by 2 euros to 19.99 euros in France, according to a report published by Reuters. The price hikes were announced in an earnings report that showed the company's global subscriber base reached 247 million at the end of September. Substantial subscriber gains came in Europe, the Middle East, and Africa, where Netflix added nearly 4 million subscribers.

IIFL Securities stock made a significant move in today's trading session, opening at ₹109 apiece compared to the previous closing price of ₹108.10. It then continued to climb, registering a new 52-week high of ₹112 per share in response to the company's Q2 FY24 earnings report. On Wednesday, the company posted a 94% increase in its consolidated net profit to ₹107.5 crore, up from ₹55.3 crore reported in the same quarter of the previous year.

Tata Elxsi, the design and digital tech arm of Tata Group, witnessed a 3.35% spike in its stock price to reach ₹7,694.40 apiece during early trade on Wednesday after the company delivered a decent set of numbers for Q2FY24. The company released its Q2FY24 numbers post-market hours on Tuesday, with its consolidated net profit surging 14.8% to ₹200 crore. During the same period last year, the company recorded a net profit of ₹174.3 crore.

Investing.com-- Shares of Chinese electric vehicle maker BYD surged on Wednesday after it said it expects its third-quarter net profit to potentially double on robust vehicle sales and improved margins.

Cyient DLM share price rose more than 8% in intraday trade on Tuesday post the company results for July-September period impressed the investors with strong earnings growth. The results were declared post market hours on Monday. Notably the firm reported its first quarterly results since its listing in July.

ICICI Securities share price surged 7.5% to hit 52-week high on Tuesday's trading session following the brokerage company's strong Q2 results. ICICI Securities stock price opened at ₹659 apiece on BSE, and touched intraday high of ₹678.75 and low of ₹653.75. According to technical analysts, ICICI Securities stock price has seen some consolidation in last couple of months but the overall trend remains strong.

In the lead-up to last week, the US Dollar Index experienced some weakening as the Federal Reserve adopted a more dovish stance. This trend coincided with escalating geopolitical risks in the Middle East, which were expected to intensify over the weekend.

According to a new study, cryptocurrency adoption grows in Latin America as users leverage digital assets to offset currency devaluations and inflation.

Also Read: Global oil market sensitive to Israel-Hamas war; Russia ready to boost supplies to Saudi Arabia: Novak Brent futures settled up $4.89, or 5.7 per cent, at $90.89 per barrel. US West Texas Intermediate (WTI) crude gained $4.78, or 5.8 per cent, to $87.69 a barrel. Both benchmarks posted their highest daily percentage gains since April.

MUMBAI: Anand Rathi Wealth has reported a 37% year-on-year jump in consolidated revenue at 189 crore for the quarter ended September 2023. The wealth firm’s net profit surged 34% year-on-year to about 58 crore during the period.

The mergers and acquisitions marketplace for registered investment advisors saw a summer surge this year, according to a report by Echelon Partners, a boutique investment bank focused on the investment management and wealth management industries.

Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than two decades and taking another bite out of prospective homebuyers’ purchasing power

Thursday 12th of October – Up-and-coming Telegram crypto casino TG.Casino, has just announced that its $TGC token is now playable and fully integrated into TG.Casino – you can start wagering today.

With Adani Group Chairman Gautam Adani still reeli... moreWith Adani Group Chairman Gautam Adani still reeling under Hindenburg’s onslaught, Mukesh Ambani has taken the poll position in the list of the richest Indians.

₹259.1 crore via Qualified Institutional Placement (QIP). Laxmi Organic Industries Ltd share price opened at an intraday low of ₹274.50 apiece on BSE.

New Zealand's immigration numbers have hit an all-time high, enabling employers to fill jobs but also putting pressure on the housing market, according to economists. The net number of immigrants was 110,000 in the year ending August, beating the previous high of 103,000 set a month earlier, according to figures released Wednesday by Statistics New Zealand. The numbers represent a big turnaround after more people left New Zealand than arrived during much of the COVID-19 pandemic. “We are talking very, very big numbers for a small economy like ours,” said Jarrod Kerr, chief economist at Kiwibank. Kerr said the surge likely reflected pent-up demand that had built during the pandemic. He said it had come as a relief to employers, who last year were having great difficulty finding skilled workers to fill vacant roles. New Zealand's unemployment rate remains at a relatively low 3.6 per cent.

As Uptober continues to drive a surge in on-chain crypto prices, markets remain defiant despite wider risk concerns stemming from the conflict between Israel and Hamas - and now, in the latest move, Snorlax token (SNOR) has exploded +500%.

Toncoin, Polygon, and Dogecoin were trading with cuts. Bitcoin was up 0.65% at $27,624 as of 12:47 p.m., while Ethereum was below the $1,650 level. «Bitcoin has been trading around the $27,700 level, possibly because of traditional markets calming down following a cooling US labor market,» Edul Patel, CEO of Mudrex, said. Ahead of the official US Non-farm payroll data this Friday, September's US Private Payroll data indicated a rise of 89,000 jobs instead of the projected 153,000 jobs.