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passive funds when the global index provider MSCI rebalances its index on November 25. In an announcement on Thursday, MSCI said it has added five stocks — BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty — to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.

Chinese equities and outsized stimulus measures have led many investors to believe the Chinese market offers an attractive entry point. But financial planners are asking savers to be careful.

Subscribe to enjoy similar stories. If you are the CEO of a global multinational corporation or the chief investment officer of a large global pension fund or a sovereign wealth fund or an insurance company, or an asset manager with a high allocation to emerging markets, India should be the least of your concerns for now. Donald Trump has won and all the scenarios that your staff planned around his potential win will now start playing out in real time.

Bitcoin (BTCUSD) was briefly back above $76,000 Thursday as investors await the rate cut decision by the U.S. Federal Reserve.

Expectations for a December interest rate cut remained strong after the Federal Reserve trimmed rates by a quarter percentage point in November, but market pricing is suggesting the likelihood of a «skip» in January.

Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has «generally eased» while inflation continues to move towards the U.S. central bank's 2% target. «Economic activity has continued to expand at a solid pace,» the central bank's rate-setting Federal Open Market Committee said at the end of a two-day policy meeting in which officials lowered the benchmark overnight interest rate to the 4.50%-4.75% range, as widely expected. The decision was unanimous.

It’s been quite the week — Donald Trump’s victory in the United States election sent stocks soaring and gold plunging yesterday, and today the Federal Reserve announces its rate decision.

The price of Bitcoin hit a new high today, briefly breaking $76,000 at about 4:25 p.m. Eastern, surging past its previous all-time high of $73,794 set on March 14, 2024. While not directly impacted by Donald Trump’s win in the 2024 presidential election, president-elect Trump's return to the White House is viewed as being favorable for the crypto industry—especially in terms of regulation and the potential development of a strategic Bitcoin stockpile. If you’ve been looking to invest in Bitcoin but are not sure how to invest in assets other than physical coins or tokens, spot Bitcoin exchange-traded funds (ETFs) may be the answer. And these ETFs can be purchased using many of the top online brokerage platforms. 

The NSE Nifty 50 dropped 1.16% to 24,199.35, while the BSE Sensex fell 1.04% to 79,541.79, returning to levels close to Tuesday’s closing figures.

The company reported Rs 133 crore in net profit in Q2FY23.

business. The company posted Rs 151 crore in the same quarter last year.

Emcure Pharmaceuticals on Thursday reported a 38.2% year-on-year (YoY) increase in net profit to Rs.202 crore in Q2FY25 led by strong performance of domestic and international business The Pune-based drug maker posted Rs 145.8 crore in the same period last year.

Aadhar Housing Finance (AHFL), the country's largest affordable housing loan company, has gained 47% over its IPO price notwithstanding the range bound movement in the first month after listing in the middle of May. Given the lender's sustained growth momentum in the first half of the current fiscal year and the government's continued thrust on affordable housing, the stock is likely to stay on investors' radar. It has risen by 8% over the past month despite choppiness in the broader market. AHFL, which is owned by BCP Topco, an affiliate of the Blackstone group, had raised Rs 1,000 crore through a fresh issue of shares in May at price of Rs 315 per share to augment its capital base. The promoter stake now stands at 75.9% from 98.7% before the IPO.

Donald Trump's presidential election victory. Yet the Fed's future moves are now more uncertain in the aftermath of the election, given that Trump's economic proposals have been widely flagged as potentially inflationary. His election has also raised the specter of meddling by the White House in the Fed's policy decisions, with Trump having proclaimed that as president he should have a voice in the central bank's interest rate decisions.

The maker of Dermicool and BoroPlus grew domestic business by 2.6%. The company said the quarter was hit by persistent high food inflation, which affected mass consumer spending. Globally, political unrest in markets like Bangladesh too caused temporary disruptions.

IHCL will also take over the management of landmark hotel The Claridges, New Delhi in April 2025 under a hotel operating agreement, MD and CEO Puneet Chhatwal said in a statement.

Revenue from operations in the July-September 2024 period increased 4% YoY to Rs 3052 crore, compared with Rs 2,931 crore in the corresponding period of previous year.

Lupin reported a bigger-than-expected rise in second-quarter profit on Thursday, driven by strong demand for its respiratory and diabetes management drugs. Consolidated net profit of the company, which makes biosimilars and active pharmaceutical ingredients, rose to 8.53 billion rupees (about $101 million) for the quarter ended Sept. 30, up about 74% from a year earlier and higher than analysts' estimates of 7.29 billion rupees, as per data compiled by LSEG.

ChatGPT, the company's flagship product.

FOX Business correspondent Gerri Willis breaks down retail sales on 'The Big Money Show.'