The last leg of the much-awaited demerger exercise of cigarette-to-hotels conglomerate ITC Ltd completed today as ITC shares (NSE: ITC) started trading ex-demerger after a special price discovery trading session. While ITC shares fell over 2% following the demerger amid broad-based weakness in the market, analysts are bullish both on ITC as well as ITC Hotel shares in the long run following completion of the value unlocking deal for 36 lakh shareholders.
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Gold Price Recovers Further to Nearly $2,636 on the Fresh Escalation in the war Between Russia and Ukraine
Gold price (Yellow Metal), Silver (XAG/USD) extends its recovery for a 2nd consecutive day, trading around $2,636 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces. The move has escalated fears of a nuclear war, prompting investors to flee towards safe-haven assets such as Gold.
Gold Defends Key $2,547 Support; What’s Next?
Spot Gold Price Forecast: The short-term technical outlook for Gold price remains more or less the same, with any recovery attempts likely to be short-lived as long as the 14-day Relative Strength Index (RSI) stays bearish.
Tata Motors Share Price Today on : Tata Motors share are down by -1.1%, Nifty up by 0.07%
Tata Motors Share Price Today on 10-10-2024: On the last trading day, Tata Motors opened at ₹933.05 and closed at ₹928.85. The stock reached a high of ₹943.95 and a low of ₹911.15 during the day.
Strong US Jobs Report Takes Pressure Off Fed for Next Meeting
Surprisingly strong hiring in September has taken pressure off the Federal Reserve by reducing worries over the US labor market, giving policymakers room to continue cutting interest rates at a more gradual pace in coming months.
Senco Gold shares surge 10% after it raises Rs 500 crore via 1:2 stock split and QIP
Shares of Senco Gold soared 10% during early trading today, reaching a day’s high of Rs 1,544 on the NSE. The rally came in response to the company’s announcement on Friday that its board had approved a qualified institutional placement (QIP) of Rs 500 crore and a 1:2 stock split.
Tata Motors stock plummets 5.5%, dips below ₹1000 mark after UBS keeps ’sell’ rating
Shares of Tata Motors, a major global automobile manufacturer, fell nearly 5.5 percent in early trading today, reaching ₹978.70. This decline marks the 9th consecutive day of losses for the stock, pushing it below the ₹1000 mark for the first time since late July.
Nifty Auto index uptrend hits a speed bump, falls 4.3% in August
It looks like Indian auto stocks were running out of fuel after a prolonged journey that saw them achieve new milestones and deliver impressive performances. The sector had been on a remarkable upward trajectory for months, consistently reaching new heights and capturing investor attention.
ईसीबी और फेड ने सितंबर में संभावित कटौती से पहले मिनट प्रकाशित किए
इस सप्ताह सभी की निगाहें वायोमिंग के पहाड़ों पर होंगी, जहां फेडरल रिजर्व (Federal Reserve) की जैक्सन होल संगोष्ठी होगी, यह हर साल नोबेल पुरस्कार विजेता अर्थशास्त्री को काउबॉय हैट में देखने का सबसे अच्छा मौका है।
ITC shares breach ₹500 mark for first time on no change in tobacco taxes, Jefferies upgrades to buy
ITC shares rose 3.7% after Budget 2024 as Jefferies upgraded it to ‘Buy’. The stock jumped 19% to a high of ₹510.60 in July. Unchanged tobacco tax, stable GST rates and rural allocations boost non-tobacco businesses.