Market outlook for Sept 02 – 07, 2024: The Nifty seems favourably placed on the short-term chart; but formation of ‘Hanging Man’ pattern on the monthly chart may be a reason to worry going ahead.
Posts in category Business Standard
Railtel Corporation of India Ltd Spurts 3.19% (02-09-2024)
Railtel Corporation of India Ltd has added 0.91% over last one month compared to 4.57% gain in BSE Telecommunication index and 2.15% rise in the SENSEX
F&O Cues: Options data hint more gains for Nifty; 4 stocks see long buildup (02-09-2024)
Derivative market update for Monday, Sept 02: FIIs long-short ratio in index futures rose to 2.6:1, implying 5 longs for every 2 shorts. Bandhan Bank, Syngene and Granules India see long buildup.
Indian govt bond yields seen marginally higher, tracking US peers (02-09-2024)
Markets are fully pricing in a rate cut of at least 25 basis points at the Fed’s mid-September meeting
Biocon arm gets USFDA nod for chronic heart failure drug (02-09-2024)
Biocon Pharma, a wholly owned subsidiary of Biocon, has received approval of its ANDA for Sacubitril/Valsartan Tablets, from the U.S Food and Drug Administration (US FDA).
Emkay ups Nifty Sept 2025 target to 26,000; ‘extended’ sideways move likely (02-09-2024)
Emkay Global has raised the Nifty50 target to 26,000 for September 2025 on the back of rate cuts, revival in rural consumption, and earnings growth
Sandur Manganese & Iron Ores gets environmental clearance (02-09-2024)
For iron ore production from Ramghad Manganese & Iron Ore Mines
Stock Alert: Auto firms, Adani Energy Solutions, Fortis Healthcare, Century Textiles, NBCC, Emami (02-09-2024)
Stocks to watch:
GIFT Nifty signals a negative start (02-09-2024)
GIFT Nifty:
Dividend, Stock Split: These shares trade ex-date today; are you eligible? (02-09-2024)
A dividend is a portion of a company’s earnings distributed to its shareholders, representing a reward for investors, typically paid out on a quarterly or annual basis