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​​Again, with what Trump had initially talked about, the whole tax cuts and everything, that increase the deficits significantly higher, so what does that mean to, again, the 10-year yields or does it spook the bond markets?

The Relative Strength Index of the stock stood at 60.23 on Thursday.

Trent Q2 Results FY25: Trent, the Tata Group retailer, exceeded profit expectations with a 46% surge to Rs 423.44 crore in the September quarter, driven by strategic initiatives. However, revenue fell short of estimates at Rs 4,035.56 crore, despite a 39.6% increase, in a challenging consumer market.

The stock quoted a 52-week high of Rs 719.80 and a 52-week low of Rs 486.75.

A total of 2,835 shares changed hands on the counter till 12:59PM (IST).

The IPO of ACME Solar Holdings has garnered significant attention as it opened for subscription on Wednesday. By Thursday, on the second day of bidding, the issue was subscribed to 47%, with the retail portion attracting 1.57 times subscription. However, the grey market premium (GMP) has slipped, indicating a cautious sentiment from investors.

As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 17.5 per cent and domestic institutional investors had 17.51 per cent.

Market expert Neeraj Dewan believes the markets are poised for growth after a recent correction, potentially forming a double bottom. Strong pockets emerged during the results season, particularly in IT and chemicals, which could benefit from a potential "Trump trade." However, FII outflows remain a concern in the near term.

The offering, consisting of a fresh equity issuance of Rs 800 crore and an offer for sale (OFS) of 1.89 crore shares, will be open for bidding until November 11. Through the OFS, Bupa Singapore Holdings and Fettle Tone will sell part of their stakes.

The Relative Strength Index of the stock stood at 45.93 on Thursday.