Nike’s quarterly sales and profits slump as it faces shoppers’ sluggish demand for its products

Nike has been known for its innovation but in recent years, analysts have said that it has lost its focus on coming up with cool products.

Nike has been known for its innovation but in recent years, analysts have said that it has lost its focus on coming up with cool products.

The market hasn’t fully priced in the risk of a further jump in prices in the event of attacks on Iranian oil facilities, or if Tehran blocks the Strait of Hormuz, according to analysts and traders.

The U.S. dollar index rose about 0.5% overnight to 101.2, its largest rise since Sept. 25, which was also helped by a stronger-than-expected reading on U.S. job openings.

All trading activities, including equity, derivatives, and securities lending, are halted. The Multi Commodity Exchange (MCX) is also shut for the day.

China—the largest equity market after the US has added a whopping $2.3 trillion in the last two weeks, which is 37% of the entire gains made by all listed stocks during the same period.

To curb speculative trading, market regulator SEBI on Tuesday, October 1, introduced a stricter framework for equity index derivatives, which includes increasing the minimum contract size and mandating the upfront collection of option premiums. Additional measures announced by SEBI encompass…

The new provision mandates that the minimum contract size will be set at ₹15 lakhs, with a maximum cap of ₹20 lakhs. The new contract size will take effect for all new contracts starting November 20, 2024.

As trading resumes on October 3, investors will want to keep a keen eye on these standout stocks: Suzlon Energy, Aurobindo Pharma, Coal India, NMDC, and more. Don’t miss out on the potential market movers!

Dabur anticipates a mid-single-digit decline in consolidated revenue for Q2 FY2024-25. However, the international business remains strong, with expectations of double-digit constant currency growth in topline revenue.

On a cumulative basis, the company has achieved a total production of 17.47 MT for the financial year up to September 2024, compared to 19.56 MT during the same period in 2023. Cumulative sales for the same period stood at…