Posts in category Economic Times
Positive Breakout: Trident and 6 other stocks cross above their 200 DMA (18-05-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
At multi-year highs: These 6 stocks witness 5-year swing high breakout (18-05-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down (18-05-2024)
Genesis Global approved to return $3 billion in cash and crypto to customers in bankruptcy liquidation, leaving owner DCG with no recovery. DCG had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy. Bitcoin's price surged since January 2023 filing.
A heavy monsoon season is great news for these Indian stocks (18-05-2024)
The Nifty FMCG Index has risen 1.5% so far in May, beating the benchmark NSE Nifty 50 Index by more than two percentage points. It underperformed in each of the previous six months.
Dow ends above 40,000 milestone, indexes notch up weekly gains (18-05-2024)
The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up a fourth straight week of gains. The Dow rose to end the fifth week of advances in a row.
Pre-market action: Here’s the trade setup for today’s session (18-05-2024)
"Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
Stocks in news: ZEE, Delhivery, Bandhan Bank, JSW Steel, Concord Biotech (18-05-2024)
ZEE Ltd has reported a net profit of Rs 13.35 crore for the quarter ended March 2024, compared with a loss of Rs 196 crore in the same quarter of last year.
Equity markets to stay open today for special trading (18-05-2024)
Trading will occur in two sessions—first, from 9:15 am to 10:00 am, and second from 11:30 am to 12:30 pm. Traders will be allowed to place only delivery trades, with no intraday trading permitted.
Can a collaborative approach break the credit rating impasse? (18-05-2024)
The GSDR report sheds light on ongoing discussions with Credit Rating Agencies (CRAs) regarding their approach to various debt restructuring options. It underscores the need to find ways to better integrate CRAs into the debt relief process paving the way for sustainable solutions for LMICs.