Saturday, November 23
Indian market is likely to trade lower on Monday tracking muted global cues.The Nifty future closed negative with losses of 0.43% at 24196 levels on Friday.On the options front, the maximum Call OI is placed at 24,500 and then towards 24,200 strikes while the maximum Put OI is placed at 24,200 and then towards 23,500 strikes.Call writing is seen at 24,200 and then towards 24,600 strikes while Put writing is seen at 24,100 and then towards 23,900 strikes.“Options data suggests a broader trading range in between 23,700 to 24,500 zones while an immediate range between 23,850 to 24,400 levels,” Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL, said“Nifty formed a small-bodied bearish candle on the daily and weekly frame. Now it has to hold above 24,150
Tata Motors shares jumped 2% to their day’s high of Rs 821 on the BSE today after the firm reported that its consolidated net profit for the quarter ended September 2024 fell 11.18% year-on-year (YoY) to Rs 3,343 crore. This was much lower than Street estimates of Rs 5,038 crore as reflected in an ET Now poll.During the quarter, its revenue also dropped 3.5% YoY to Rs 101,450 crore.Amid a challenging external environment, its EBITDA margin fell 230 bps YoY to 11.4% and the company said it remains cautious on near-term domestic demand."Growth in the quarter was impacted due to significant external challenges as highlighted earlier. Overall, the business fundamentals remain strong, and we remain focused on our agenda of driving growth, competitiveness and free cash flows. As the supply cha
The Paris climate agreement's goals "are in great peril" and 2024 is on track to break new temperature records, the United Nations warned Monday as COP29 talks opened in Baku.The period from 2015 to 2024 will also be the warmest decade ever recorded, the UN's World Meteorological Organization (WMO) said in a new report based on six international datasets.WMO chief Celeste Saulo said she was sounding the "red alert"."It's another SOS for the planet," she told reporters in Baku.The warming trend is accelerating the shrinking of glaciers and sea-level rise, and unleashing extreme weather that has wrought havoc on communities and economies around the world."The ambitions of the Paris Agreement are in great peril," the WMO climate and weather agency said as global leaders gathered for high-stak
Jubilant FoodWorks reported its second-quarter results for the period ending September 2024 on Monday, posting a profit after tax (PAT) of Rs 66.53 crore, marking a 31.5% year-on-year (YoY) decline. Despite the drop in profit, the company's revenue grew by 43% YoY.The revenue from operations for the reporting quarter stood at Rs 1,954.70 crore against Rs 1,368.63 crore in the year-ago period.The total income also surged to Rs 1,984.93 crore, up from Rs 1,375.69 crore reported in the corresponding period of the previous financial year.Jubilant Foodworks’ EBITDA was reported at Rs 398.6 crore for the July-September quarter, up by 43.8% YoY and 4.1% QoQ, while the EBITDA margin stood at 20.4%, an increase of 14 bps YoY.The company added 73 stores in the quarter, making the total store count
The Kremlin on Monday denied reports that U.S. President-elect Donald Trump had spoken to Russian President Vladimir Putin in recent days, and said Putin had no concrete plans yet to speak to Trump. The Washington Post first reported that the call had taken place, citing unidentified sources, and said that Trump had told Putin that he should not escalate the Ukraine war. Reuters also reported on the call, citing an unidentified source. "This is completely untrue. This is pure fiction, it's just false information," Kremlin spokesman Dmitry Peskov told reporters. "There was no conversation." "This is the most obvious example of the quality of the information that is being published now, sometimes even in fairly reputable publications," Peskov said. Asked if Putin had plans for any contacts w
