Posts in category All News
Asian shares eye five-month winning streak; yen buckles under dollar strength (28-06-2024)
Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.
Stock Market Live Updates 28 June 2024: Stock to buy today: JK Lakshmi Cement (₹890.45): BUY (28-06-2024)
Sensex, Nifty, Share Prices LIVE: The upmove in the stock is gaining momentum. The share price has risen well over the last couple of days after breaking the 100-day moving average (DMA) resistance at ₹846. That leaves the outlook bullish for JK Lakshmi Cement. Moving average cross overs on the daily chart also strengthens the bullish case. It indicates that any intermediate dips could be short-lived. Immediate support is at ₹880.
Budget in mind, D-St bulls cross ‘historic’ milestone (28-06-2024)
Analysts said the sustained run-up in indices of late is part of the pre-budget rally, aided by renewed flows from foreign investors in June. The optimism, however, did not rub off on the broader market where there were more losers than gainers.
Banks well capitalised to handle macro shocks (28-06-2024)
"Under the baseline scenario, the aggregate CRAR (capital to risk weighted asset ratio) of 46 major banks is projected to slip from 16.7% in March 2024 to 16.1% by March 2025," the RBI said in its June 2024 Financial Stability Report.
Household debt needs to be kept under watch (28-06-2024)
"With overall household savings declining to 18.4% of GDP (gross domestic product) in FY23 from an average of 20% of GDP over 2013-2022, and coupled with an increasing trend in financial liabilities, household debt warrants close monitoring from a financial stability perspective," the Reserve Bank of India (RBI) said in its latest Financial Stability Report released on Wednesday.
AI, 3rd-party tech likely to intensify risks of cyberattacks (28-06-2024)
A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. "In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures," the report stated.
Stocks in news: HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement (28-06-2024)
Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.
Pre-market action: Here’s the trade setup for today’s session (28-06-2024)
"The index would have the next target of 24500 level, as mentioned earlier, with 23500 zone maintained as the support as of now," said Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.