Kamala Harris will not address her supporters on election night. Her campaign co-chair informed the watch party at Howard University that she would speak the next day. Early projections showed Donald Trump leading with 230 electoral votes, while Harris trailed with 182. Trump also won North Carolina, a key battleground state.
The stock quoted a 52-week high of Rs 706.85 and a 52-week low of Rs 408.60.
2024 Presidential elections: Indian-origin physician Amish Shah has taken the lead in Arizona US House seat, taking on a seven-term Representative David Schweikert, a Republican. Amish Shah was previously elected to the Arizona House of Representatives in 2017. Meanwhile, Republican Presidential nominee Donald Trump has taken a decisive lead as counting of electoral votes is underway.
Swiggy IPO Subscription Status: Swiggy's IPO saw a lukewarm response on its first day, with overall subscriptions reaching 12%. Despite a grey market premium, analysts are divided on the company's prospects due to its history of losses and stiff competition. The company aims to raise ₹11,300 crore to fuel its growth plans in the expanding food delivery market.
Swiggy IPO Subscription Status: Swiggy's IPO saw a lukewarm response on its first day, with overall subscriptions reaching only 5%. Despite a grey market premium, analysts are divided on the company's prospects due to its history of losses and stiff competition. The company aims to raise ₹11,300 crore to fuel its growth plans in the expanding food delivery market.
A total of 2,204 shares changed hands on the counter till 11:45AM (IST).
To lower uric acid naturally, focus on foods that help reduce purine intake, improve kidney function, and support overall metabolic health.
Shri Thanedar secured a second term as Congressman from Michigan's 13th District, winning by a significant margin. Thanedar emphasized his commitment to constituent services, support for working families, and advocacy for unions as key factors in his victory. He joins a growing number of Indian Americans in the US House, reflecting the community's increasing political engagement.
Indian stock market expert Hemang Jani believes the current market correction presents a good opportunity for investors to buy stocks. He suggests focusing on sectors like banking, defense, pharmaceuticals, and telecoms, where companies have reported strong financial performance. Jani also sees potential in the upcoming Swiggy IPO, citing attractive valuations and growth in the food delivery and quick commerce sectors.
FD interest rate up to 8.25%: Yes Bank has reduced fixed deposit (FD) interest rates by as much as 25 basis points (bps) for certain tenures on deposits below Rs 3 crore. These updated FD interest rates will take effect from November 5, 2024.
Donald Trump is looking very concerned around public health this time, and reports suggest that if he comes to power at the White House, one of the primary tasks that he will order will be to remove fluoride from drinking water, due to the associated health risks. Is fluoride that critical at this point?
A total of 3,491 shares changed hands on the counter till 11:41AM (IST)
Promoters held 51.89 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 17.25 per cent and 11.92 per cent, respectively.
RBI Governor Shaktikanta Das affirmed India's economic activity remains robust, particularly in agriculture and services. Despite mixed data and concerns over slowing urban consumption, Das highlighted positive indicators like the rebound in manufacturing and services PMIs, supporting the RBI's 7.2% growth forecast for the fiscal year.
The Supreme Court ruled in favour of commercial vehicle drivers. Drivers with a light motor vehicle licence can now drive transport vehicles weighing up to 7,500 kg unloaded. The court stated that there was no data to suggest that LMV licence holders contributed to increased road accidents.
Chinese markets and the yuan dipped as investors reacted to the tight U.S. election, with some speculating a potential Donald Trump return. Despite early gains, China's CSI300 Index and Hong Kong's Hang Seng index fell, impacted by concerns over potential trade tensions under a second Trump administration.
October proved to be a challenging month for equity mutual funds in India, with over 450 funds posting negative returns. The worst hit were sectoral funds focused on automobiles and transportation, while a handful of pharma and healthcare funds managed to stay afloat.
As Donald Trump gains ground in the US election, Elon Musk, a vocal Trump supporter, shared a photo on X holding a washbasin, humorously implying that Trump's lead is becoming apparent. The election, a close race between Trump and Kamala Harris, is considered highly significant, with potential to shape national and global landscapes.
Deutsche Bank has injected an extra Rs 5,113 crore into its India operations, marking the largest capital allocation in recent years. The funds will be used to fuel expansion across various business segments, including corporate and investment banking. This move underscores Deutsche Bank's confidence in India's growth potential and its commitment to supporting the country's economic development.
Gokul Refoils, Orient Technologies, Mangalore Chem, Shaily Engg Plastics and Deep Industries, hit their fresh 52-week highs at 11:25AM.
India's sugar production is projected to decrease to 33.3 million tonnes in 2024-25, according to the Indian Sugar and Bioenergy Manufacturers' Association (ISMA). The industry body attributes this decline to drought in Maharashtra and calls for an increase in the minimum selling price of sugar, citing rising production costs and declining market prices.
Promoters held 46.09 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 19.02 per cent and 15.27 per cent, respectively.
Markets are reacting and we are seeing the Trump trade. Dollar has risen to its highest level since July. Bitcoin is up 8% taking its rise for the year to 80%. We are seeing US markets performed very well yesterday, nearly 1.5% up across the board.
Chinese stocks were mixed on Wednesday as investors awaited the results of the U.S. election. The prospect of a Trump victory, with his threats of tariffs on Chinese goods, weighed on sentiment. However, hopes for more stimulus from Beijing provided some support.
