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Congress has raked up their effort in winning the upcoming assembly elections, being considered the semi-finals before the 2024 Lok Sabha Polls. The Bhartiya Janata Party (BJP) has been hitting out the grand old party in their election rallies, targeting what the former calls ‘freebies’ or poll guarantees. The saffron party has been alleging that Congress was promising ‘freebies’ in poll-bound states in order to gain votes.

The price of Shiba Inu (SHIB) has remained basically flat in the past 24 hours, rising by a modest 0.3% to $0.00000683.

Chinese e-commerce giant JD.com fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates. JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day. Shares in JD.com, which is also China's largest home appliance retailer, closed at their lowest level since their June 2020 debut. A debt crisis in the key property sector has contributed to slowing China's economic growth after the pandemic, while many Chinese have cut back on spending due to concerns over the economy and job security, hurting the retail sector. In March, JD.com warned it would take time to rebuild consumer confidence post-pandemic as it missed fourth-quarter revenue forecasts. Citi Research lowered its revenue assumption for JD.com by 3.4% and 4.3% for the third and fourth quarter, saying that it now estimates 0.8% and 1.3% growth respectively. The bank's analysts cited a «relatively muted consumption trend, high base, intense competition, and on-going impact from restructuring adjustment» for the change in estimates. Nomura said JD.com had yet to see any meaningful improvement in retail since the third quarter, adding that the company had also missed on any positives from the stimulus policies China has rolled out since September to rescue the property market. JD.com said it had no comment on the analyst revisions and its share price

euro zone’s economy is increasingly falling behind America’s. As we report, the worst-suffering European economies are grappling with inflation of over 10%, rapid ageing, high public and private debts and exposure to autocracies. This week the IMF said the euro-zone economy would grow by only 0.7% in 2023.

Also Read: Stocks to buy: Zomato, Nykaa, PB Fintech among JM Financial’s top picks in internet sector ahead of Q2 results Among the infra stocks, Centrum Broking has a Buy rating on G R Infraprojects, HG Infra Engineering, KNR Constructions and PNC Infratech. Centrum Broking builds in 5% and 2% YoY increase in Revenue and PAT for GR Infraprojects on account of weak order inflow in FY23. The order inflow momentum has not picked up yet with only 2 order wins aggregating to ₹1,820 crore, YTDFY24.

International Monetary Fund (IMF) for the end of September and is comfortably placed to meet others such as net international reserves and net domestic assets, the bank said as quoted by Reuters. The remarks came in a statement on comments by central bank chief Jameel Ahmad during events on the sidelines of the meetings of the International Monetary Fund (IMF) and the World Bank meetings in Morocco. The Washington-based financial body will also send its delegation to cash-strapped Pakistan to review the country's economic performance in the first three months of the current fiscal year, PTI had earlier reported.

Israel-Hamas war news: At least 13 Israelis and foreign hostages were killed in the airstrikes by Israel Defence Forces (IDF) on the Gaza Strip as per the militant arms Hamas. The hostages were part of around 150 Israeli and foreign nationals who were taken hostage by Hamas after their brutal assault on Israel on Saturday. Ezzedine al-Qassam Brigades, the military wing of Hamas released a statement informing about the death of 13 hostages in the airstrikes by Israel Defence Forces (IDF).

Bethesda, Maryland-based ProShares, a prominent player in the crypto-linked ETF market, has announced a significant expansion of its product line. On October 2, 2023, the firm will launch three new exchange-traded funds (ETFs), including the ProShares Ether Strategy ETF (EETH). This will be the first ETF specifically designed to track the performance of ether, the second-largest cryptocurrency by market capitalization. In addition to EETH, ProShares is introducing two blended ETFs that aim to offer investors exposure to both bitcoin and ether, the dominant cryptocurrencies in the market.

Ethereum's co-founder, Vitalik Buterin, in a blog post dated September 30, 2023, delved into the ongoing discourse around protocol enhancements concerning Layer 1 (L1) and Layer 2 (L2) solutions. Initially, Ethereum was driven by a minimalistic approach, focusing on a simple core protocol while enabling functionalities through protocols built atop it. However, recent discussions have leaned towards incorporating more features into the core protocol to address various needs like digital asset exchange, privacy, and account safety among others.

Gaza Strip have been killed in Israeli air strikes in the past 24 hours, Hamas's armed wing said Friday. In a surprise assault early Saturday, Hamas militants stormed Israeli communities near the Gaza border and fired barrages of rockets, in an attack that claimed more than 1,200 lives. Israel says Hamas has taken more than 150 people hostage, including both civilians and security forces. «Thirteen prisoners… including foreigners» were killed in five locations targeted by Israeli fighter jets, the Ezzedine al-Qassam Brigades said in a statement. Israel has rained air and artillery strikes on the blockaded Gaza Strip — a densely populated enclave of 2.4 million people — flattening buildings and killing more than 1,500 people. According to the Hamas media office in Gaza, at least 500 children are among the dead. The Ezzedine al-Qassam Brigades had warned this week that «every targeting of our people without warning will be met with the execution of one of the civilian hostages».

Anand Rathi, Founder & Chairman, Anand Rathi Group and Rakesh Rawal, CEO, Anand Rathi Wealth in conversation with ET Now. Rathi says “the inflow in our equity mutual fund has increased. Now the equity mutual fund accounts for 50% of our AUM compared to 48% a year back. Even when the markets had outflow in mutual funds, we had positive inflows. We are expecting continuous inflow into mutual funds. ” You have managed to achieve your FY24 AUM guidance of Rs 47,000 crore in the first half itself. What are the underlying factors and what is the new target you are eyeing now? Rakesh Rawal: AUM is a combination of the new monies that we get, as well as the increase in the fund value on account of the market. In the first six months, the market was very positive which led to the numbers being achieved earlier. We have done exceptionally well in terms of gathering fresh funds as well. Having achieved this, obviously in the next six months, we expect to do more. And therefore our revised guidance for the end of the year is now Rs 51,000 crore. Mr Rathi, you have also managed to achieve over 50% of your revenue and profitability target. Would you be looking to revise this? Anand Rathi: Yes, we will. In fact, the last time we gave a profitability target of Rs 205 crore for the whole year. As you rightly said, we achieved more than 50%. And therefore, we are revising our target to Rs 220 crore for the whole year, increasing by Rs 15 crore profit PAT for the year.

«One can use stop loss of 19,630,19,640, buy Nifty here, the targets will be around 19,800. So, as I said, for small bounce, one can buy here. But overall, the trend or the upper band remains a little bit weak,» says Gaurav Bissa, InCred Equities. Quick reading on the Nifty, Bank Nifty for a moment and your trading ideas and then we will talk about select movers in trade. Well, as far as Nifty is concerned, at high levels, we have seen breakdown retest of Nifty at 19,859 at spot level and this is also a 61.8% retracement of the fall that started from 20,200 to about 19,200. So, we will find some resistance in Nifty at higher levels. So, on a broader perspective, it is a sell on rise market for the time being.

domestic aviation space. It is the pilot shortage at Akasa, the cancelled flights, and irate passengers. Or the hikes in passenger fares following the news, within an hour.

«So I think, I would look at it not really, you know, coming up very quickly, unless US will come down or maybe we see much softer inflation, which does not look like coming very quickly,» says Jayesh Mehta, BofA. Let us talk about bond yields specifically. Last week was a bit of a scare when bond deals after the credit policy shot up. And now can bond yields come back to normal levels post the inflation data? I think currently, what we are seeing is, if you really look at it, general public poll expectation from the RBI on the policy. It was supposed to be a hawkish pause. And that is what RBI actually did. So at that point of time, you did not do any action on the hawkish side, but you did make a couple of announcements that is, 4% is the target, and we might do OMO sales for liquidity purpose, very well clarified in the press conference also. But that also depends a lot on where US yields were. So I think where the US yields were, that is where the market was a little heavy and they did consider that. And that is where we spiked up. I think it will still now track US yields tomorrow, it does not look like, but if hypothetically, if US will drop down, then definitely we will see some relief there on the bond side.

State Bank of India (SBI) to ‘Sell’ from ‘Buy’ amid concerns over higher credit costs, narrowing margins and anticipated declines in Return on Asset (RoA) and Return on Equity (RoE) by the financial year 2025. The foreign brokerage has also slashed the target price of SBI to ₹530 from ₹740 earlier. UBS expects retail loan delinquencies to rise, driving up credit costs in FY25.

Israel in 2020 to join the Israel Defense Forces. Released from service last year, Silver said she recently responded to a call asking members of her former platoon to voluntarily return to duty after Hamas attacked Israel on Saturday.Hundreds of people, including young children, were killed in the attacks, whose targets included a music festival and communal farming settlements.

Aleppo, putting them out of action, Syrian state media said on Friday. Syrian Arab News Agency (SANA) cited a military source to report that the missile strikes happened «simultaneously» at 13:50 (local time), causing material damage to the airstrips, which resulted in them being «out of service.» «The Israeli latest aggression comes in the framework of the occupation authorities' continued policy, based on aggression and violation of the international law and the UN convention,» Syrian foriegn Ministry said in a statement as cited by its state media agency. Israel has so far not commented on the strikes on the Syrian airports. Al Jazeera publication quoted Syrian television channel Sham FM as stating that Syrian air defences were activated in response to the attacks on both airports. Damascus and Aleppo airports not only handle civil aviation but also host military bases. Israel has in the past carried out strikes on targets in Syria, including its airports as part of operations believed to be aimed at disrupting Iranian supply lines, Al Jazeera reported. The attacks on the two Syrian airports come ahead of a planned visit by Iran's Foreign Minister Hossein Amir Abdollahian, who on Thursday departed from Tehran for Baghdad and is scheduled to proceed to Syria and Lebanon later. Before his departure, Amirabdollahian addressed reporters in Tehran, stating that the Israeli occupation of Palestinian territories is the primary source of crises in West Asia, Iranian state news agency IRNA reported. The Iranian minister, on his arrival in Beirut, said if the Israeli bombardment of Gaza continues, the war may open on «other fronts».

Day trading guide for today: After showing a sustainable upside move in the last couple of sessions, Indian stock market shifted into consolidation and closed lower on Thursday. Nifty 50 index went off 17 points and closed at 19,794 levels, BSE Sensex shed 64 points and ended at 66,408 mark. However, Nifty Bank index finished 82 points higher at 44,599 levels.

Also Read: 6 things that changed for the stock market overnight - Gift Nifty to US inflation Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty 50 remained in a range-bound pattern after a flat opening on Thursday. “We can expect the market to continue this range-bound movement until Nifty makes a decisive breakout either above 19,850 or below 19,750.

₹1,258.00 apiece on the BSE. HCL Technologies, the third largest IT services company in India, reported 8.55% QoQ growth in Q2FY24 net profit at ₹3,833 crore. Its consolidated revenue for the quarter rose 1.4% QoQ to ₹26,672 crore.

HCL Technologies share price rallied over 2% in the early trade on Friday after the company reported its earnings for the second quarter of FY24. HCL Technologies share price rose as much as 2.77% to ₹1,258.00 apiece on the BSE.HCL Technologies, the third largest IT services company in India, reported 8.55% QoQ growth in Q2FY24 net profit at ₹3,833 crore.