Wednesday, November 27
The second quarter earnings season is underway and as many as 63 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of Power Grid, Tata Steel, Apollo Hospitals, RITES and Delta Corp.Apart from the above, Aadhar Housing Finance, ABC Gas, Blue Star, Endurance Technologies, Gujarat Gas, Hi-Tech Pipes, JK Lakshmi Cement, KP Energy, RITES, Shipping Corp, Spencers Retail, Virinchi, Trident, Wardwizard Innovations and a few others will announce their quarterly results.Tata Steel Q2 expectationsTata Steel is expected to face continued challenges due to declining realizations and rising costs in both its domestic and European operations, according to brokerage estimates.EBITDA for the September quarter may decline anyw
Republican Donald Trump, who on Wednesday was on the cusp of victory over Democratic Vice President Kamala Harris in his campaign to retake the White House, could begin the process of choosing a cabinet and selecting other high-ranking administration officials in the coming weeks. Here are the top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking. Some are in contention for a range of posts. JAMIE DIMON, potential treasury secretary The chief executive officer of JPMorgan Chase & Co, Dimon is considered a strong candidate for treasury secretary, though it is far from clear that he would actually take the job. Dimon is an opponent of what he describes as unnecessarily burdensome regulations that have been impo
The stock price of former President Donald Trump's social media company has swung up and down over the past few weeks, but it may be in for an even wilder ride. No stock is more directly linked to Tuesday's election than Trump Media & Technology Group, the parent company of Truth Social. And the outcome of the race will have big ramifications for investors and for Trump, whose 57% stake in the company is currently valued at $3.9 billion. If Trump is victorious, it could drive traffic and badly needed advertising dollars to Truth Social, which has become the former president's main online megaphone for promoting himself and attacking his political foes. A victory by Trump could also provide a big jolt to shares of Trump Media and reward the more than 600,000 individual investors who mak
Donald Trump has promised sweeping action in a second administration. The former president and now president-elect often skipped over details but through more than a year of policy pronouncements and written statements outlined a wide-ranging agenda that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade and a shift in America's international role. Trump's agenda also would scale back federal government efforts on civil rights and expand presidential powers. A look at what Trump has proposed: Immigration "Build the wall!" from his 2016 campaign has become creating "the largest mass deportation program in history." Trump has called for using the National Guard and empowering domestic police forces in the effort. Still,
Amid optimism surrounding Trump’s victory in the US election, Nifty ended Wednesday’s session with a gain of 271 points to form a long bull candle for the second day. Analysts said key overhead resistance of 24,500 could open more upside ahead.The underlying short-term trend of Nifty continues to be positive. A sharp upside breakout of immediate resistance of 24,500 levels is likely to open the next upside target of 25K mark in a quick period. Immediate support is placed at 24,350, said Nagaraj Shetti of HDFC Securities.What should traders do? Here’s what analysts said:Nandish Shah, HDFC SecuritiesNifty has closed above its 10-day EMA for the first time since the start of this downtrend, which is a sign of bullish trend reversal. Next resistance for Nifty is seen in the band of 24,65
