Shares of Cummins India Ltd. climbed 8.55% as of 10:00 am, to Rs 124.45 apiece in trade on Thursday after the third-quarter net profit exceeded analyst expectations and board declared interim dividend of Rs 12 per share. The NSE Nifty 50 index was trailing by XX%.
Ananya
Top Stocks Moving Indices [08-02-2023]
Adani Enterprises Ltd., Adani Ports and SEZ Ltd., UltraTech Cement Ltd., Hindalco Industries Ltd., and SBI Life Insurance Co. were the top gainers in the gauge.
Gold price (Yellow Metal) failed attempt to rebound from $1,860, Federal Reserve talks
Gold price (Yellow Metal) failed attempt to rebound from $1,860, as market sentiment stays sluggish amid mixed signals from the Federal Reserve and the geopolitical front. Adding confusion to the metal traders’ minds could be the lack of major data/events. Even so, the bullion remains on the bear’s radar as the United States Treasury bond yields remain firmer.
US-China tussles add strength to geopolitical tension and favor Gold sellers
US-China tension is extra burden for Gold (Yellow Metal)— Other than the United States data and monetary policy moves at the European Central Bank (ECB), as well as at the Bank of England (BoE), the latest geopolitical tension surrounding the US and China also exerts downside pressure on the Gold price.
Federal Reserve will hike the fed funds rate 25 basis points to 4.75%
After seven straight rate hikes totaling 4.25% and an eighth anticipated on Wednesday, Federal Reserve governors are preparing to halt their inflation campaign and wait for results.
KPIT Technologies Shares Volatile Post Q3 Earnings
The shares of KPIT Technologies traded between gains and losses after it clocked better-than-expected results in the third quarter ended December.
Power Grid Advances As Q3 Profit Beat Estimates
Shares of Power Grid Corp of India gained at open after the company posted better-than-expected third quarter earnings.