Tesla’s quarterly profits dropped for the fourth consecutive time despite increased sales, leading to a 3.5% share decline. While revenue rose, analysts express concern over EV demand uncertainty. Elon Musk is now shifting focus to the company’s ambitious robotaxi and AI projects, including its Optimus robots.
Tesla Q3 figures: Profits fell despite rising sales—Here’s what Musk plans next Read More »
US sanctions on Russia’s top oil companies, Lukoil and Rosneft, triggered a sharp rise in oil prices. This, coupled with robust US energy demand and falling inventories, boosted Brent crude and WTI. Investors also monitored US-China trade talks and a postponed summit with Russia.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in opening trade on Thursday. While Nifty50 went above 26,000, BSE Sensex was up over 500 points.
Gold and silver price prediction today: Gold and silver prices are experiencing a downturn due to profit-taking after recent rallies. MCX Gold has corrected from ₹1,31,000 to ₹1,27,000, with potential further dips to ₹1,24,000. MCX Silver has fallen below $50 and ₹1,70,000, targeting ₹1,42,000. Global factors and Fed cues remain key influencers.
Asian markets mirrored Wall Street’s dip on Wednesday, as investors grew concerned about the sustainability of the tech rally. Reports of potential US actions against China’s rare earth curbs and new sanctions on Russia fueled geopolitical jitters. While some corporate earnings disappointed, many companies still exceeded expectations, though a cautious sentiment prevails.
Banks in several Indian states are closed on October 22 for Diwali and its associated observances. This festive week sees multiple bank holidays across different regions. While in-person banking services are unavailable, customers can still utilize online banking, ATMs, and mobile apps for essential transactions.
Stock markets, including NSE and BSE, remained closed on October 22 for Balipratipada. This follows a positive Muhurat trading session yesterday, which marked the start of Samvat Year 2082. Regular trading operations are scheduled to resume on October 23.
Asian equities declined on Wednesday as investors paused after recent gains, with gold and silver also tumbling. This pullback followed US President Trump’s suggestion that a planned meeting with Chinese President Xi Jinping might not proceed. Markets in Hong Kong, Shanghai, and Tokyo experienced drops, while gold saw a sharp fall from its record peak.
President Trump expressed a desire for amicable relations with China but criticized the nation’s past trade practices, attributing them to a lack of business acumen in previous US leadership. He highlighted significant tariff revenues, suggesting potential distributions to citizens. Trump also indicated India has reduced Russian oil purchases, aligning with his desire for peace in
Get ready for bigger biscuits and bottles! FMCG companies are bringing back popular price points like Rs 5 and Rs 20 by mid-November. Following GST rate cuts, companies will now offer increased product quantities instead of lower prices, ensuring a win-win for consumers and retailers. This move aims to simplify transactions and restore consumer satisfaction.
