Tue, Nov 5, 2024 9:04 AM
Shares of oil marketing firms get a snub as crude weakens
A Flip by Shubhangi Gupta
As almost half of NSE100 companies that have released their September quarter results have missed expectations by over 4%, global brokerage firm Bernstein has predicted a further decline in the Indian stock market. Asking investors to acknowledge the slowdown, the brokerage said earnings misses have been a secular trend across sectors, barring banks which are helped by larger names.
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Stock Market Today: Shares of Tilaknagar Industries surged 11% to ₹322.75 apiece in early morning trade on Tuesday, November 5, following the company’s impressive results for the September quarter and its achievement of net debt-free status. The company reported revenue of ₹823.3 crore for the second quarter of FY25 (Q2 FY25), reflecting a quarter-over-quarter (QoQ) improvement of 9.7%.
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Gold December futures contracts at MCX opened flat today at Rs 78,235 per 10 gram, which is down by 0.24% or Rs 187 while silver December futures contracts were trading at Rs 94,092/kg, down by 0.2% or Rs 192. Gold prices fell by Rs 1,000/ 10 grams in the last one week while silver prices fell by Rs 4,600/kg in the same period. On Monday, gold and silver settled on a weaker note.
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