Tue, Nov 5, 2024 8:51 PM
Archer-Daniels-Midland Stock Dips After Q3 Preliminary Results
A Flip by Avya Verma
The Nifty recovered from its lows on Tuesday, gaining 370 points or 1.55% to close above 24,200, led by a sharp rebound in the Nifty Bank, which gained 1,341 points or 2.64%. The indices rallied on short-covering and oversold setups on the charts, with nearly every sectoral index, except FMCG and Media, participating in the recovery.
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The US markets are on edge as election uncertainty pushes Bitcoin below $69,000. The numbers tell an interesting story. Bitcoin ETFs just saw their second-largest daily outflow ever - right before Election Day. Seems like big investors aren't too keen on taking chances with their digital gold right now. Speaking of chances, the race between Trump and Harris couldn't be closer.
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Dr. Reddy's Laboratories aims to have 15 GLP-1 drugs, used to treat obesity and diabetes, in its portfolio, with various timelines, including semaglutide, whose patent expires in India in 2026. The company's Q2 FY25 results saw a 9.5% drop in net profit to ₹1,342 crore, but a 16.5% rise in revenue to ₹8,016 crore.
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