Stock Market Live Updates 11 October 2024: Stock to buy today: Laurus Labs (₹465)

Stock market live updates today: Economic Calendar – 11.10.2024

Hong Kong @ Market Holiday

11.30 U.K. GDP m/m (Expected: 0.2% versus Previous: 0.0%)

11.30 U.K. Industrial Production m/m (Expected: 0.2% versus Previous: -0.8%)

17.30 INDIA Industrial Production y/y (Expected: 4.4% versus Previous: 4.8%)

18.00 U.S. PPI m/m (Expected: 0.1% versus Previous: 0.2%)

19.15 U.S. FOMC Member Barkin Speaks

19.30 U.S. Prelim UoM Consumer Sentiment (Expected: 70.9 versus Previous: 70.1)

19.30 U.S. Prelim UoM Inflation Expectations (Previous: 2.7%)

20.15 U.S. FOMC Member Logan Speaks

Economic Calendar – 13.10.2024

07.30 China CPI y/y (Expected: 0.6% versus Previous: 0.6%)

07.30 China PPI y/y (Expected: -2.5% versus Previous: -1.8%)

Economic Calendar – 14.10.2024

U.S. Bank Holiday (Financial Markets to remain open for Trading)

Japan @ Market Holiday

TENT China Trade Balance (Previous: 91.0B)

Stock market live updates today: Tata Elxsi reported net income for the second quarter that beat the average analyst estimate.

SECOND QUARTER RESULTS

Net income 2.29 billion rupees, +15% y/y, estimate 2 billion rupees (Bloomberg Consensus)

Revenue 9.55 billion rupees, +8.3% y/y, estimate 9.47 billion rupees

Total costs 7.21 billion rupees, +11% y/y

Stock market live updates today: Major U.S. listed stocks result calendar 11.10.2024

J P Morgan Chase & Co (Pre market) (Sector- Financial)

Wells Fargo & Company (Pre market) (Sector- Financial)

BlackRock, Inc. (Pre market) (Sector- Financial)

The Bank Of New York Mellon Corporation (Pre market) (Sector- Financial)

Fastenal Company (Pre market) (Sector- Capital Goods)

Progressive Corporation (The) (TENT) (Sector- Financial)

Stock market live updates today: Fund Flow Activity

10 October 2024 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 93973.46 + 12723.68 Total: 106697.14

F&O Volume: 427653.87 + 1444934.57 Total: 1872588.44

Provisional Cash

FII/FPI: NET SELL: -4926.61 

(16514.3 – 21440.91) 

DII: NET BUY: +3878.33 

(13301.19 – 9422.86)

Stock market live updates today: LIVESQUAWK INDIA AND REDBOX

ANAND RATHI WEALTH: Q2 CONS NET PROFIT 761M RUPEES VS 575M (YOY)

ANAND RATHI WEALTH: Q2 REVENUE RUPEES 2.42B VS 1.83B (YOY)

ANAND RATHI WEALTH: Q2 EBITDA RUPEES 1.04B VS 775M (YOY) || Q2 EBITDA MARGIN 42.94 % VS 42.43% (YOY)

ANAND RATHI WEALTH: CO DECLARED DIVIDEND OF 7 RUPEES PER SHARE

ANAND RATHI: CO’S MUTUAL FUND DISTRIBUTION REVENUE INCREASED BY 70% YOY TO RUPEES 195 CRORES || CO’S NET INFLOWS GREW BY 128% YOY TO RUPEES 5,700 CRORES

ANAND RATHI: CO EXEC SAYS PROSPECTS ARE POSITIVE, SUPPORTED BY THE RISING HNI POPULATION WHO ARE SEEKING A STRATEGIC APPROACH TO WEALTH CREATION

Stock market live updates today: U.S. Unemployment Claims 

Actual: 258k 

Expected: 231k 

Previous: 225k 

U.S. CPI m/m 

Actual: 0.2% 

Expected: 0.1% 

Previous: 0.2% 

U.S. CPI y/y 

Actual: 2.4% 

Expected: 2.3% 

Previous: 2.5% 

(Inflation Data seen higher than estimates, supportive for US Dollar)

Stock market live updates today: Today’s Stock Recommendation: October 11, 2024

Stock market live updates today: Bank of Korea cuts interest rates for the first time in almost two years

South Korea’s central bank has cut its benchmark interest rate by 25 basis points to 3.25%, the first rate cut since the Federal Reserve started tightening its monetary policy in March 2022. South Korea’s inflation rate dropped to a three-year low at 1.6% in September, well under BOK’s target of 2%.

Stock market live updates today: Stock to buy today: Laurus Labs (₹465)

The stock of Laurus Labs depreciated in the second half of September. It extended the downswing in the first week of October as well. However, it found support at ₹430 this week. At this point, trendline support and the 200-day moving average coincide, making it a strong base. Corroborating this, the scrip has rebounded from this level. Going ahead, we expect the stock of Laurus Labs to build further momentum in the rally and touch ₹530 in the near-term. Read more