The underlying short-term trend of Nifty continues to be positive. A sharp upside breakout of immediate resistance of 24500 levels is likely to open the next upside target of 25K mark in a quick period of time. Immediate support is placed at 24350, said Nagaraj Shetti of HDFC Securities.
Posts in category All News
Stocks in news: Tata Steel, M&M, Trent, Blue Star, Hindalco (07-11-2024)
Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period.
Stock Market Live Updates November 7, 2024: Stock to buy today: PNB Housing Finance (₹999.2) (07-11-2024)
Sensex, Nifty, Share Prices LIVE: The stock of PNB Housing Finance can be considered for short-term investments. The scrip, which saw a decline since mid-September, has shed the bearish bias after finding support at ₹870. The price action over the past couple of weeks indicates good buying interest.
Niva Bupa well placed to ride growth in health insurance (07-11-2024)
Niva Bupa Health Insurance is gearing up for an IPO to raise Rs 2,200 crore, aiming to capitalize on the growing health insurance market in India. The IPO involves a fresh issue of shares and an offer for sale by promoters, with anchor investors already committing Rs 990 crore.
Japan leads gain in Asian stocks after Trump’s win (07-11-2024)
Hong Kong equity futures dropped, as did a gauge of US-listed Chinese stocks. Trump has pledged to introduce tariffs on Chinese goods to support US manufacturing.
Ajit Mishra of Religare Broking suggests buying these three stocks on Nov 7 (07-11-2024)
The Nifty has retested resistance at the 24,500 mark after two days of recovery, and sustaining this level could lead to a further rise toward 24,800
BSE (Bombay Stock Exchange)- Bet on Financialization? (07-11-2024)
BSE LTD is now added to MSCI INDEX
As Trump towers, bulls of Donald Street take over (07-11-2024)
As global investors brace for economic and geopolitical tremors with the US at the epicentre, India is perceived as being among those economies that may benefit from Trump’s presidency, which is expected to see higher trade tariffs and lead to an exacerbation of US-China tensions.
Manappuram Finance (07-11-2024)
I think what Manappuram will do is stop giving out risky, high-interest loans. If they stop these high-interest loans, it won’t have a huge impact because most of their loans are at average risk with average interest rates, and only a few will be high risk. Earlier, they could charge very high interest on these few risky loans, but now they’ll cut back on those and focus on little safer, average-interest loans. I feel the high-risk loans aren’t a large part of their business, stopping them shouldn’t affect much. Offering the lowest interest rates in the industry could actually drive growth and help balance any impact. It’s complicated in theory, but practically, it won’t make a huge difference on paper. I think within 6 to 12 months, they’ll be back to near similar levels in profitability and NIM , if not exactly the same. Let’s see how things go as the numbers start coming in if and when ban is lifted
At least ban lifting seems pretty easy of they are planning to offer lowest interest rates in industry
Management mostly do what they speak
Last time during ED fiasco management guided well and same thing happened