Tue, Oct 25, 2022 7:20 PM
CCI fines INR 936 Cr fine on Google, 2nd penalty in a week
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As hopes for rate cut get delayed and tensions in the Middle East seem to intensify, gold prices on MCX for June futures contracts rose by Rs 208 or 0.29% to trade at Rs 70,876 per 10 grams while MCX July silver contracts were up by Rs 742 or 0.92% to Rs 81,785 per kg. Gold prices firmed on Monday on expectations that the Federal Reserve will start cutting interest rates later in the year.
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Kotak Mahindra Bank share price gained over 4% in early trade on Monday after the private sector lender reported better than expected Q4 results. Kotak Mahindra Bank shares rallied 4.2% to ₹1,612.30 apiece on the BSE. Kotak Mahindra Bank reported a standalone profit for the quarter ended March 2024 at ₹4,133.30 crore, a growth of 18.22% year-on-year (YoY).
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Titan Company Ltd., Rekha Jhunjhunwala's biggest stock bet, reported a miss in consensus earnings driven by weaker jewellery margins for two consecutive quarters. Jefferies, which has a 'hold' rating and a target price of ₹3,500 per share on the counter, said that Titan's share price will trade weak today. The brokerage expects the Titan Company stock to stay rangebound in the near term.
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