In the Nifty pack, 24 stocks were trading in the green, while 26 stocks were trading in the red.
Posts in category Economic Times
Share price of HDFC AMC jumps as Sensex gains 5.51 points (16-10-2024)
Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 21.55 per cent and 10.61 per cent, respectively.
Shares of Voltas rise as Nifty gains (16-10-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 1384.93.
Q2 preview: Another weak quarter expected for banks. Top stocks to buy ahead of results (16-10-2024)
Banks are expected to show weak earnings growth in Q2, with private banks performing slightly better due to higher fees and lower provisions. Loan growth remains slow, impacting net interest income. Top stock picks are ICICI Bank, Axis Bank, and SBI due to their strong growth and asset quality.
PVR Inox shares fall 3% after reporting Rs 12 crore loss in Q2 (16-10-2024)
PVR Inox reported a Q2 net loss of ₹12 crore, down from ₹166 crore profit last year. Revenue declined 19%, but expenses reduced 7%, prompting Bank of America to maintain a ‘Buy’ rating.
Gold Price Today: Yellow metal opens at Rs 76,400/10 gm, silver opens at Rs 91,620/kg (16-10-2024)
Gold December futures opened flat at Rs 76,393, while silver dropped slightly to ₹91,620. Positive trends supported by cautious market sentiment and geopolitical tensions, with bullish outlooks from analysts.
RIL shares down 16% in 3 months but these 4 triggers can change the game in Ambani’s favour (16-10-2024)
Shares of Reliance Industries have fallen 16% in the last 3 months. Analysts believe the stock has become attractive with room for positive surprises. Major triggers include Jio tariff hikes, value unlocking in Jio and retail, potential growth in retail, and new energy business ventures. Investors remain optimistic about future performance.
These 3 Nifty stocks showing RSI Trending up on October 15 (16-10-2024)
This can indicate potential upward movement and may be used by traders to identify buying opportunities.
Down by up to 17% in 3 months, PSU bank stocks to ride these 2 tailwinds. SBI, BoB among top picks (16-10-2024)
PSU bank stocks have dropped up to 17% in the last three months. However, experts believe these stocks are a good buy due to better valuations and expected earnings growth for Q2FY25. Banks like SBI, BoB, PNB, and BoI are highlighted as strong investment options by top brokerages.
Sensex falls 160 points, Nifty tests 25K tracking global cues, IT and banks stocks under pressure (16-10-2024)
Indian benchmark indices opened lower for the second consecutive session, affected by declines in banking, auto, and IT sectors.