Thu, Feb 1, 2024 5:16 PM
Nifty Bank outperforms on Budget Day! May face resistance around 46,500.
A Flip by Avya Verma
The dollar hovered near a 3-month high on Wednesday in a critical week for economic data that may indicate the direction of U.S. monetary policy. However, the Australian dollar edged closer to a 3-month low. It’s because the inflation trends suggested that an interest rate cut by the Reserve Bank of Australia is unlikely this year. Mixed U.S. data overnight, indicating a softening job market.
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Gold and Silver Prices Today: Gold prices experienced a slight increase on Wednesday. The cost of 24 carat gold is Rs.8063.3 per gm, reflecting an increase of Rs.670.0. The cost of 22 carat gold is Rs.7393.3 per gm, which is up by Rs.620.0.The price change in 24 carat gold over the past week has been -0.25%, while in the last month it has seen a decline of -3.79%.
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Adani Wilmar's Q2FY25 revenue increased 17.9% YoY to INR 144,605 Mn, driven by strong growth in the Food & FMCG segment. EBITDA and adj. net profit also rose 294.1% and 302.8% YoY, respectively, but missed estimates due to high operating expenses. The target price is lowered to INR 373 per share, maintaining an 'ACCUMULATE' rating.
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