Posts in category All News
Technical Breakout Stocks: How to trade CESC, Emami and Welspun Corp on Wednesday? (09-07-2024)
Indian market bounced back to hit fresh record highs on Tuesday tracking positive global cues. The S&P BSE Sensex hit a high of 80,397 while the Nifty50 hit a lifetime high of 24,443. Sectorally, buying was seen in healthcare, FMCG, realty, consumer durables and auto while selling was seen in energy, CPSE, telecom and oil & gas stocks.
StageInvesting +Elliot Waves (09-07-2024)
If you have patience, anything is possible.
Mcap of BSE-listed firms at record high of ₹451.27 lakh crore (09-07-2024)
The market capitalisation of BSE-listed firms hit an all-time high of ₹4,51,27,853.30 crore ($5.41 trillion). Investors' wealth also went up ₹1.56 lakh crore on Tuesday.
Bandhan Bank, Marico among 5 stocks with long unwinding (09-07-2024)
Stocks owned for a longer period are often sold either to book profit or to exit it in anticipation of impending bearishness. This is termed as long unwinding.
Q1 Earnings Preview: Flat to 4% growth in net profit expected from Nifty pack; auto, financials, health to outperform (09-07-2024)
Motilal Oswal and Kotak Mahindra differ in their Q2 earnings projections for the Nifty universe. While Kotak forecasts a nearly flat growth of 0.6%, Motilal Oswal projects a 4% increase in net profits. Both firms predict stronger growth when excluding global commodities. Motilal Oswal anticipates a 10% YoY increase for the Nifty excluding oil & gas and metals, while Kotak forecasts a 9.3% rise excluding oil marketing companies.
INR Stayed In Narrow Range; All Eyes On Powell’s Testimony (09-07-2024)
The Indian rupee inched up one paisa at 83.49 (provisional) against the US dollar on Tuesday as gains from strong domestic equities and sliding global crude prices were negated by a surging greenback overseas. Dollar stayed cautiously higher awaiting better clarity from US Federal Reserve (Fed) Chairman Jerome Powell, who will deliver a testimony at the Congressional Financial Committee on monetary policy and the US economy. Meanwhile, Indian shares continued their upward momentum on Tuesday. The benchmark 30-share BSE Sensex rose 391 points, or 0.49 percent, to 80,351 amid buying in blue-chip stocks. The broader NSE Nifty hit a new high of 24,443 before finishing up 112 points, or 0.46 percent, at 24,433. At the interbank foreign exchange market, the rupee started slightly up at 83.49 and hit an intra-day high of 83.47 and a low of 83.51 against the American currency during the session. It finally settled at 83.49 against the dollar, registering a gain of one paisa over the ...
Rahul Gandhi does Oscar-level acting on protecting Constitution: BRS leader K T Rama Rao (09-07-2024)
BRS working president K T Rama Rao criticised Rahul Gandhi for "Oscar-level acting on protecting the Constitution" after several leaders defected to Congress. BRS plans legal action against defectors, including filing a petition in the Supreme Court. KTR called out Congress for violating constitutional principles despite promising electoral reforms.
Nifty scales new high, auto stocks lead rally (09-07-2024)
The domestic stock market advanced today, with the Nifty50 decisively breaching the 24,400 level. Sectors like autos, consumer durables, and pharma fueled the rally. This positive sentiment was bolstered by strength in other Asian markets. All eyes are now on the upcoming Q1 earnings season, kicking off this week, and the budget on July 23rd, which could provide further direction for the market.
DLF, Glenmark Pharma among 5 stocks with short covering (09-07-2024)
Five stocks experienced significant short covering during the trading session on Tuesday. Short covering occurs when investors buy shares to close existing short positions, indicating a shift from bearish to bullish sentiment.