Market Savera - 25/10/2024

Stock Market Updates

U.S. stocks closed mixed on Thursday, with the blue-chip Dow extending its losing streak to a fourth straight session and the S&P 500 edging higher as Tesla shares surged. A gauge of the “Magnificent Seven” hit a three-month high, with Tesla Inc. up 22% in its biggest rally since May 2013.

In Japan, Governor Kazuo Ueda signaled the central bank won’t hike interest rates next week, with almost all BOJ watchers already expecting no policy shift this month.

Reliance and Nvidia are partnering to build AI infra in India

NLC India forms joint ventures with rajasthan for power capacity expansion

Gujarat Fluorochem EV Division Secures INR 1k cr for Expansion

Major Asian equity benchmarks were split between gains and losses Friday after Wall Street rallied for the first time this week as Tesla Inc. shares jumped.

Nifty settled at over two–month low on October 24 falling for a third consecutive session as earning reports failed to uplift investors' sentiment. Nifty witnessed a 139-point high-low range with volumes falling 17% compared to the previous session. This suggests that constant selling pressure could be close to an end for the time being. Nifty could bounce back and run into resistance in the 24568-24604 band while 24196 could provide support for the near term.