MARKET NEWS/UPDATES
* Farmers in Karnataka have sown rabi crops over 1.3 million hectares as of Friday, down 4.1% on year, according to a release by the state's agriculture department. The acreage of Bengal gram, or chana, was down 7.2% at 633,000 hectares, the report showed.The total area under pulses in the state was 718,000 hectares, down from 779,000 hectares a year ago. The area under horse gram, or kulthi dal, was 68,000 hectares, down from 81,000 hectares a year ago. Jowar, whea...
Agri Commodity Technical Report 22 November 2024 - Geojit Financial Services Ltd
A Pure Play In Renewable Energy With Strong Lineage
NTPC Green Energy Ltd. (NGEL), a wholly owned subsidiary of NTPC Ltd., a ‘Maharatna’ central public sector enterprise, focused on developing utility-scale solar and wind energy projects, as well as projects for PSUs and corporates. As of H1FY25, NGEL’s portfolio comprised 16,896 MW, including 3,320 MW of operational projects and 13,576 MW of contracted and awarded projects. Additionally, it has 9,175 MW capacity in the p...
IPO Note : NTPC Green Energy Ltd By Geojit Financial Services Ltd
Below the Quote on Weekly Market Outlook by Vinod Nair, Head of Research, Geojit Financial Services
"The domestic market is in correction terrain; from the recent peak, the main indices, Nifty and Sensex, have corrected around 10%. Weakness in Q2FY25 results and sustained outflow of foreign funds weighed on the sentiment. On the other hand, a spike in domestic CPI inflation to a 14-month high of 6.2%, a firm dollar index, and a rising US 10-year yield signal that t...
Weekly Market Outlook: Domestic Market in Correction Terrain: Nifty, Sensex Down 10% Says Vinod Nair, Head of Research at Geojit Financial Service
Shares of India's Eicher Motors jumped 7% on Thursday, set for their best day in a year, after the motorcycle maker's better-than-expected quarterly profit indicated, according to analysts, that the toughest phase of competition was over.
The stock was the top gainer on both the benchmark Nifty 50, which was flat, and the Nifty auto index, which is down 0.25%.
Eicher's shares were last trading 7.2% higher at 4,922 rupees and were on track for their best day since Dec. 4, 202...
India`s Eicher Motors jumps 7% after Q2 results; `toughest phase` behind it, say analysts
Below the Quote On Market by Vinod Nair, Head of Research, Geojit Financial Services
"FII-triggered selling pressure continued to impact the domestic market. The recent strengthening of the dollar, driven by aggressive ‘Trumponomics’ is adding fears. Additionally, the anticipated rise in domestic inflation, due to increasing food prices, along with depreciating INR, may influence the RBI’s monetary policy. Most sectors were in the red, while...
Market Quote : FII-triggered selling pressure continued to impact the domestic market Says Vinod Nair, Head of Research, Geojit Financial Services
