Fri, Nov 1, 2024 8:16 PM
Nifty could reach 29,000-30,000 by next Diwali, predicts Atul Suri
A Flip by Shubhangi Gupta
Shares of Life Insurance Corporation of India (LIC) will be in focus today as the company will announce its quarterly numbers for the July-September 2024 period. In the first quarter, state-run LIC reported a consolidated net profit of Rs 10,544 crore. This was an increase of 9% from Rs 9,635 crore reported in the last year quarter.
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Fed Chair Jerome Powell made clear he’s ready to defend the US central bank from political pressure following the re-election of Donald Trump, saying he wouldn’t resign if asked and insisting the incoming president doesn’t have the power to fire him or other senior Fed leaders. “No,” Powell said firmly on Thursday, when asked whether he would step aside if Trump asked for his resignation.
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India's equity benchmark indices dipped on Thursday, reversing the previous day's gains, as rising yields on US bonds and continued selling by foreigners kept investors on the edge. The spike in the US 10-year Treasury to a four-month high soon after the election of Donald Trump as the US President has raised concerns that the US Federal Reserve may slow down rate-cutting plans.
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