Market Trends
Stock Market Performance
As of October 12, 2024, US stock indices experienced notable movements with the S&P 500 rising by 1.11%, the Dow Jones increasing 1.21%, and the Nasdaq climbing 1.13%. Conversely, Bitcoin showed a modest increase of 1.01%. Key stocks such as MSFT rose by 0.04%, while AAPL gained 1.29%. Notably, TSLA faced a significant drop of 12.52% following its robotaxi event, highlighting the volatility characteristic of tech stocks.
Company Earnings
Dmart recently announced its Q2FY25 results, reporting a revenue of ₹14,050 crore with a PAT of ₹709 crore. The solid 14% YoY growth reflects the company's strategic focus on in-house products, which are expected to boost margins.
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