Gold and silver December futures opened lower today amid profit-taking due to a stronger dollar index and weak Chinese economic data. Gold traded at Rs 75,980 per 10 grams while silver was at Rs 90,715/kg. Experts predict volatility with current support and resistance levels provided.
Posts in category Economic Times
Bullish Momentum: 3 stocks with White Marubozu Pattern on Oct 14 (15-10-2024)
The Federal Bank, Kalyan Jewellers India, Oberoi Realty, markets news, stock market news, Federal Bank shares.
These 5 F&O stocks saw a high increase in futures open interest (15-10-2024)
This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
UBS initiates coverage on Ramkrishna Forgings with ‘Buy’ rating, sees 46% upside (15-10-2024)
UBS initiated coverage on Ramkrishna Forgings with a ‘Buy’ rating and a target price of Rs 1,500, indicating a 46% upside potential. The firm has transitioned to a comprehensive assembly solution provider, enhancing its growth prospects. Recent earnings show a 3% profit increase to Rs 81 crore in Q1 FY25, while stock has risen 49% in six months.
Tech, banking stocks lift Sensex 200 points higher; Nifty above 25,150 (15-10-2024)
Indian equity indices traded higher on Tuesday, supported by banking and IT stocks gains and a fall in crude oil prices. The BSE Sensex increased by 237 points and the Nifty50 was up by 65 points. A decline in oil prices benefits India, a major oil importer. Angel One shares also jumped due to strong quarterly performance.
Hot stocks: Brokerage views on HCL Tech, RIL, HDFC Bank and Maruti Suzuki (15-10-2024)
Brokerage firms recommend various strategies for HCL Tech, HDFC Bank, RIL, and Maruti Suzuki. Nuvama and Jefferies advocate buys for HCL Tech and HDFC Bank, respectively. HSBC also favors Maruti, while Investec maintains a sell rating on HCL Tech. Analysts highlight growth prospects and market dynamics influencing valuations.
F&O Radar| Deploy Broken Wing strategy in HDFC Life to gain from a bullish view (15-10-2024)
HDFC Life Insurance shares trade around Rs 740, showing potential for upward momentum if it surpasses Rs 750, with Rs 730 acting as critical support. RSI and moving averages indicate a bullish trend, and a Broken Wing Options strategy is suggested for potential gains.
J Kumar Infra shares in focus after Rs 298-crore order win (15-10-2024)
J Kumar Infrastructure shares are expected to attract attention on Tuesday following the company’s acquisition of a work order valued at ₹297.8 crore from the Pune Municipal Corporation. The project, scheduled for completion within 36 months.
Hyundai Motor India IPO opens for subscription. Should you bid for the mega issue? (15-10-2024)
Hyundai India’s Rs 27,870 crore IPO opens for subscription till October 17, involving an OFS of 14.2 crore shares by Hyundai Motor Global. The price band is set between Rs 1,865 to Rs 1,960 per share. Analysts recommend subscribing for long-term gains, citing robust financials and growth potential.
Sterling & Wilson shares jump 3% after co turns profitable in Q2 (15-10-2024)
Sterling & Wilson Renewable Energy reported a net profit of Rs 8.57 crore for the second quarter ending September 2024, reversing a net loss of Rs 54.51 crore in Q2FY24. Revenue rose by 35.7% to Rs 1,030.49 crore YoY. The company’s shares have surged 25% in 2024 and 79% over two years.