Posts in category Economic Times
Goldman says equity investors bracing for return of volatility (21-05-2024)
Stock investors are bracing for a spike in market volatility, and upcoming events such as Nvidia Corp.’s earnings report can exacerbate any moves, according to Goldman Sachs Group Inc. strategists.
Paytm among worst performing fintech stocks as earnings loom (21-05-2024)
Emkay Global’s analyst Anand Dama expects a further 16% correction, arguing that the fourth quarter results “won’t capture the full extent of business disruptions caused due to the drop in UPI and bill payment market share.”
Technical Breakout Stocks: How to trade RVNL, Balkrishna Industries and Poly Medicure on Wednesday (21-05-2024)
Sensex snapped 3-day upmove to close in the red on Tuesday. Nifty, on the other hand, settled with gains of 27 points. Utilities, public sector, power and metal space saw buying action, while selling was seen in banks, auto, IT and FMCG stocks. Rail Vikas Nigam and Poly Medicure hit record highs.
Oil falls more than $1 as Fed rate outlook stokes demand fears (21-05-2024)
Oil prices dropped by more than $1 on Tuesday, extending losses on the potential for lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand.
Piramal Enterprises, Birlasoft among 5 stocks with top long unwinding (21-05-2024)
In Tuesday's trading session, five stocks witnessed a top long unwinding.
Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday (21-05-2024)
The index manages to hold above 20 and 50-day SMA — a positive signal. An analysis of Nifty put options reveals a concentration of Open Interest at the 22,400 level, implying potential support at this level. The important key takeaway from the Nifty chart is that it is making a higher high both on the daily and weekly charts.
Nifty Bank holds 48000; important levels to track on Wednesday (21-05-2024)
Nifty Bank snapped 3-day gains, fell 151 points to close in the red. Bandhan Bank, Bank of Baroda and SBI were among the top gainers from the index. The index held above the 50-DMA on the daily chart. The momentum could take it towards 48,400-48,500 levels.
Tata Communications, MRF among 5 stocks with top short covering (21-05-2024)
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold.
City Union Bank Q4 Results: Net profit jumps 17% YoY to Rs 254.81 crore (21-05-2024)
Private sector City Union Bank has reported a 17 per cent jump in its net profits at Rs 254.81 crore for the January-March 31, 2024 quarter, based on improved recovery from slippages.