Posts in category Economic Times
No need for big rejig in portfolio; wait for dust to settle down: Sunil Singhania (05-06-2024)
So, it is 10% lower than what was expected. I think what has happened in the interim is that the exit polls raised phenomenal expectations and even now what you are seeing as a correction is largely what we went up on Monday.
BEL shares rise 1.7 per cent in Wednesday’s trading session (05-06-2024)
The Relative Strength Index of the stock stood at 49.01 on Wednesday.
Tube Investments shares drop 1.76% as Sensex rises (05-06-2024)
The stock quoted a 52-week high of Rs 4159.5 and a 52-week low of Rs 2729.1.
General elections 2024: A weaker mandate to impel policy reset (05-06-2024)
The underwhelming election results reflect voters' focus on economic and livelihood issues over free-food distribution. The need for productive employment is becoming a dominant necessity in policy considerations.
Cryptocurrency prices on June 5: Bitcoin rises 3% to above $71,000 on Fed rate cut expectation (05-06-2024)
Bitcoin price surged by 3% to $71,000 in the last 24 hours, driven by expectations of a Federal Reserve rate cut in September following soft U.S. job openings data. Ethereum reached $3,807 and altcoins like BNB and Solana also saw significant increases.
Indian Oil Corp. shares rise 2.16% as Nifty gains (05-06-2024)
The stock quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51.
Bank of Baroda shares gain 2.65% as Sensex rises (05-06-2024)
A total of 1,740,502 shares changed hands on the counter till 01:43PM (IST)
F&O stocks: Hindustan Aeronautics, Power Grid among 5 stocks with short buildup (05-06-2024)
To determine if a stock has seen a buildup of fresh short positions, we need to understand the concept of "short selling." Short selling occurs when a trader anticipates that the price of a stock will decrease. The trader sells the stock without actually owning it and then aims to buy it back at a lower price. For example, if stock XYZ is trading at Rs 100, a trader might sell it at Rs 100 and then repurchase it at Rs 90, thereby making a profit of Rs 10.
Will be worried only if Nifty goes below 21,000: Atul Suri (05-06-2024)
Even on Friday, if you look at it, the market was pretty okay, pretty sideways. In fact, it had three to four days of correction. It is on Monday that exit poll data really led to a massive amount of short covering and a lot of people got in expecting a run out or a blowout rally and it is on the back of that that you really have this kind of price action. I think at the end of the day, the government continues.
Siemens shares up 0.74% as Nifty gains (05-06-2024)
A total of 29,743 shares changed hands on the counter till 01:38PM (IST).