Posts in category Economic Times
NDA government 3.0 hopes fuel Street rebound (06-06-2024)
India's equity indices surged over 3% on Wednesday following a 6% plunge due to election results. Stocks rebounded on expectations of NDA forming the government. Market volatility is expected until government formation, with limited upsides currently.
Stocks in news: BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles (06-06-2024)
Indian equity markets are witnessing dynamic movements with substantial swings. Shares of BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles, and others will be in focus today. Updates on Force Motors, Bharat Heavy Electricals Limited, Uno Minda, NBCC, and Coal India. News on Mirzapur Thermal Energy, Sun Pharma Advanced Research Company, Inovance Automotive, Birla Estates, and Takeda Pharmaceuticals.
TMC MP asks Sebi to investigate stock market manipulation through exit polls (05-06-2024)
In a letter to Sebi chief Madhabi Puri Buch, TMC MP Saket Gokhale highlighted that while multiple exit polls predicted a landslide victory for the BJP, one exit poll reported "extremely strange" and "inflated seat numbers" for the party in several Indian states. This led to a sharp surge in the stock market on June 3.
Hewlett Packard surges over 12% as AI-server demand powers strong results (05-06-2024)
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
Market will soon start acting and reacting to economic fundamentals (05-06-2024)
The unexpected election results and resulting uncertainty have triggered market jitters, reminiscent of similar situations in 2004 and 1991
Ahead of Market: 10 things that will decide D-Street action on Thursday (05-06-2024)
Benchmark key indices gained over 3% each on Wednesday. The Nifty Bank saw its best percentage gain since February 1, 2021. HDFC Bank, SBI, L&T were among the most active stocks on NSE in value terms. The market breadth favoured bulls with 2,597 stocks ending in the green, while 1,221 names settling with cuts.
Market Trading Guide: Zomato, DMart among 4 stock recommendations for Thursday (05-06-2024)
Zomato breached Rounding Bottom pattern and retested the breakout on the monthly time frame. This indicates bullish strength.
Riot Platforms shares drop 9% after Kerrisdale Capital shorts bitcoin miner (05-06-2024)
Kerrisdale believes the introduction of low-fee bitcoin ETFs is more beneficial to investors over owning shares of a company such as Riot, which has seen a steady decline in bitcoin holding and production per share.
FOREX-US dollar gains after stronger-than-expected services sector data (05-06-2024)
The Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 53.8 last month from 49.4 in April. May's reading, the highest since August, overshot estimates of all 59 economists in a Reuters poll that had pegged the median expectation at 50.8.