After a decline following the Lok Sabha results, Modi stocks surged by 8% as the BJP looked set for a Haryana election victory. PSU stocks, particularly in railways and defense, gained notably, while Adani Group shares also rose significantly.
Posts in category Economic Times
For traders, good time to take buy position in Reliance; Paytm a hold or buy: Akshay Bhagwat (08-10-2024)
Akshay Bhagwat from JM Financial Services suggests taking buy positions in Reliance with targets of Rs 2,850 to Rs 2,900 and a strict stop loss below Rs 2,700. He also advises holding or buying Paytm, expecting short to medium-term upside to Rs 950 to Rs 1,000. Technical analysis for market indices and PSU stocks is also discussed.
Pidilite Ind declines 0.44% as Sensex climbs (08-10-2024)
The stock traded at a P/E multiple of 87.26, while the price-to-book value ratio stood at 18.24.
Hyundai India IPO opens next week with likely price band of Rs 1,865-1,960: Report (08-10-2024)
Hyundai Motor India is set to launch its IPO next week. The shares will likely be priced between Rs 1,865 to 1,960 each. This will value the automaker at up to Rs 1.6 lakh crore. The IPO opens for big institutional investors on October 14 and for retail investors from October 15 to 17.
Cryptocurrency prices on October 8: Bitcoin falls over 2% to $62,300; Dogecoin, Shiba Inu drop over 6% (08-10-2024)
Major cryptocurrencies including Bitcoin and Ethereum faced declines as investors booked profits following recent highs. Bitcoin traded at $62,264, down 2.1%, while Ethereum fell 2.5%. Market sentiment remains cautious with upcoming U.S. CPI and PPI data expected to increase volatility, and Bitcoin facing resistance at $64,000.
Hong Kong stocks plunge more than 9%, biggest fall in 16 years (08-10-2024)
Hong Kong stocks plummeted over nine percent on Tuesday, marking their largest drop in 16 years. This decline followed China’s failure to meet investor expectations with new stimulus and limited details on measures announced last month.
Au Small Fin Bank shares drop 0.36% as Sensex rises (08-10-2024)
A total of 21,991 shares changed hands on the counter till 02:04PM (IST)
Share price of Bajaj Holdings falls as Nifty strengthens (08-10-2024)
A total of 244 shares changed hands on the counter till 01:58PM (IST).
Godrej Consumer shares drop 1.31% as Sensex rises (08-10-2024)
The stock quoted a 52-week high of Rs 1541.3 and a 52-week low of Rs 959.55.
Gaurav Kochar on what to expect from NBFC stocks going ahead (08-10-2024)
There has been over leveraging in the sector and also at the same time there have been tightening norms both by the RBI and the or the SROs.