Wed, Nov 6, 2024 10:12 AM
Trump card for D-St: The good, bad & ugly for Indian stock market
A Flip by Shubhangi Gupta
RVNL‘s share price was in the green on Wednesday thanks to a slew of orders the company has bagged over the past few days. The company is scheduled to report its earnings on Thursday. What To Expect: IDBI Capital in its September quarter preview projects a 2% year-on-year decline in revenue, which is expected to reach ₹4,816 crore.
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RBI Governor Shaktikanta Das said on November 6 that the regulator is no hurry to formally launch the Central Bank Digital Currency (CBDC), even as the pilot program has shown significant progress in both retail and wholesale segments. Calling the CBDC pilot still in the 'experimental stage', Shaktikanta Das said the central bank is still on the learning curve.
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China's yuan weakened and stock markets on the mainland and Hong Kong fell on Wednesday, as investors leaned toward the return of Donald Trump as president even as preliminary counting in the U.S. election still showed a tight presidential race. U.S. stock futures jumped and the dollar rose across the board, as some tallies pointed to Trump making gains over Vice President Kamala Harris.
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