Indian dealers warn high stock and loan costs could cap car demand
Indian auto dealers say car inventories of 43-45 days and higher financing costs may weigh on demand after the festive season, Reuters reports.
2 sources · Reuters
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Gold climbs near 2% to two-week high as dollar slips after US midterms
Spot gold climbed 1.9% to $4,134.83 an ounce, its highest since October 22, as the dollar eased after the Democratic midterm win. Indian stocks also gained.
2 sources · Moody's
Indian stocks extend gains as IT buying lifts Sensex and Nifty 50
Sensex and Nifty 50 rose for a second day running on IT share buying and a strong Jio Platforms debut, according to a Moody's-published report.
1 source · Moody's
US stocks rose as Brent traded near $116: key triggers before the October 27 session
The Dow Jones gained 350 points while Brent slipped 0.7%. Markets now await the Fed meeting and US consumer confidence data. Source: TradingView.
1 source · TradingView
Motilal Oswal keeps Federal Bank at Buy with Rs 385 target after profit beat
Federal Bank's Q2 FY27 profit rose 45% year on year to Rs 13.9 billion and beat estimates, according to Motilal Oswal via Moneycontrol.
5 sources · moneycontrol.com
Federal Bank posts 26% jump in core income as asset quality improves
Federal Bank lifted net profit 45% in the second quarter, with net interest income up 26% and bad loan ratios lower. Source: CNBC TV18.
1 source · CNBC-TV18
Wipro, Persistent and Jio Financial in focus as results reactions roll in
According to CNBC-TV18, investors are reacting to quarterly numbers from Wipro, Persistent Systems and Jio Financial, while Federal Bank and PNB report today.
1 source · CNBC-TV18