Posts in category Economic Times
Technical Breakout Stocks: Garden Reach Shipbuilders could give up 10% upside; book profits in Mazagon Dock (18-06-2024)
Buying was seen in utilities, consumer durables, telecom and realty stocks while some selling was seen in FMCG, oil & gas, metal and healthcare stocks.
Technical Breakout Stocks: Garden Reach Shipbuilders could give upto 10% upside; book profits in Mazagon Dock (18-06-2024)
Buying was seen in utilities, consumer durables, telecom and realty stocks while some selling was seen in FMCG, oil & gas, metal and healthcare stocks.
US stocks steady at open after retail sales data (18-06-2024)
The Dow Jones Industrial Average rose 1.02 points at the open to 38,779.12.
Tech View: 23,500 key support for trend-following traders. Here’s how to trade on Wednesday (18-06-2024)
As it has sustained above the hurdle of 23,515 levels, it is expected that Nifty would move towards the next resistance of 1.786% Fib extension at 23,950 levels in the near term. The immediate support is placed at 23,450.
Bulls take control of Nifty Bank; next target seen at 51,000: Experts (18-06-2024)
The Nifty Bank rallied for the second day in a row on Tuesday and pushed the index above critical resistance of 50,250. The index closed 438 points higher at 50,440. ICICI Bank, Bandhan Bank, and IDFC First Bank saw buying action with gains of 1-4% respectively while selling was seen in PNB, which closed flat but with a negative bias
Germany-based ZF group likely to sell upto 5% stake in ZF Commercial Vehicle for Rs 1,423 crore (18-06-2024)
According to the term sheet, the German firm is likely to sell at a floor price of Rs 14,980, a 13.3% discount to Tuesday’s closing price Rs 17,277.15. The deal is expected to fetch Rs 1,423 crore to the promoter . Citigroup is the banker to the deal.
India poised for strong growth; but no room for complacency: Shaktikanta Das (18-06-2024)
There can be positive surprises, I do not rule it out. But I think, you see we give a number when we are totally convinced about it and our approach is not to sort of gamble by giving a higher number. Our overall approach as a central bank is always very conservative in the sense that when we are absolutely sure about a particular number, we give it.
Consolidation phase to continue for banks; SBI, HDFC remain preferred picks: InCred Equities (18-06-2024)
The domestic brokerage firm also stated that the bank managements are already adopting various means including driving staff KRAs and incentivizing employees towards higher deposit augmentation and the recent branch expansion of most banks in semi-urban/rural areas will drive the CASA deposits momentum
Vodafone PLC to sell 9.9% stake in Indus Towers on Wednesday through block deals (18-06-2024)
The deal is valued at up to $ 1.09 billion, according to the term sheet.