Posts in category Economic Times
Overall ADTO declines MoM as new demat accounts rise: Motilal Oswal (13-06-2024)
In May 2024, demat account additions surged by 36 lakh, but the overall average daily turnover (ADTO) in the financial markets declined by 3% to Rs 433 lakh crore. While F&O ADTO decreased by 3%, cash ADTO rose by 5.5%. Active users on NSE increased to 4.29 crore.
Nifty 500 Q4 recap: Domestic cyclicals fuel strong quarterly performance, says Motilal Oswal (13-06-2024)
A report by Motilal Oswal highlights that the fourth-quarter performance of Nifty-500 companies in FY24 showed strong showings from domestic cyclicals like BFSI and auto sectors while global cyclicals such as Oil & Gas and metals experienced a downturn.
Gainers & Losers: L&T Finance, OFSS among 8 stocks in limelight on Thursday (13-06-2024)
OFSS, L&T Finance, HDFC Life were among top gainers on the Indian stock exchanges which recorded fresh peaks and closed on new highs.
Bharti Airtel, HDFC AMC among 5 stocks with long unwinding (13-06-2024)
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
Tech View: Sideways Nifty getting primed for sharp move. Here’s how to trade on Friday (13-06-2024)
Nifty formed a small negative candle with a minor lower shadow. The short-term trend of Nifty continues to be a range bound with positive bias. Nifty has been consolidating in the broad range of 23,200-23,500. A decisive close beyond the boundaries can lead to a trending move.
Sun Pharma, Hindustan Copper among 5 stocks with short covering (13-06-2024)
Short covering signals a shift in view regarding a security from extreme bearishness to bullishness.
Ambuja Cements to acquire 100% stake in Penna Cement for Rs 10,422 crore (13-06-2024)
The acquisition will be fully funded through internal accruals, the filing said. The move is expected to boost Ambuja Cements' growth, said Ajay Kapur, CEO & Whole Time Director. The consolidated turnover of PCIL for the last three years i.e. FY2023-24, FY2022-23 and FY2021-22 is Rs 1241 crore, Rs 2002 crore and Rs 3204 crore, respectively.
A breakout above 50,200 required for bulls to take control of Nifty Bank: Experts (13-06-2024)
The index closed with a negative bias at 49,846. Counters like IndusInd Bank, SBI, Kotak Bank and HDFC Bank saw strong buying action, while selling was seen in Federal Bank, ICICI Bank, Axis Bank and Bandhan Bank.
Stock market update: Nifty Auto index advances 0.7% (13-06-2024)
The Nifty Auto index closed 0.7 per cent up at 25393.2.
Sensex rises! But these stocks fell 5% or more in Thursday’s session (13-06-2024)
In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.