Despite the market downturn, nine penny stocks gained between 15% and 30% during the same period.
Posts in category Economic Times
Will Nifty succumb to fear or time for greed to take over? Watch out for these 7 factors (06-10-2024)
The stock market has been experiencing a notable downturn for the past five days, with the recent week marking the worst performance in over two years. This decline is largely attributed to concerns about rising crude oil prices, driven by tensions in West Asia, and FII shift of funds toward China, perceived as a more cost-effective market.
Dalal Street Week ahead: Is Nifty 50 poised for a short-term recovery? (05-10-2024)
Markets experienced significant selloff amid FII outflows, geopolitical tensions, and SEBI rule changes, resulting in a 4.45% drop in the Nifty 50. Technical indicators suggest potential support at 25,000 levels, with a cautious outlook advised for the coming week.
IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve (05-10-2024)
Indian IT companies are projected to see up to 4% revenue growth for the quarter ending September 30, 2024. Analysts foresee positive trends for FY25, with large-cap firms anticipated to show stable or slight increases in earnings, driven by volume growth and new deals.
F&O Talk: Geopolitical tensions push Nifty below 50 DEMA—Buy or wait? Explains Sudeep Shah of SBI Securities (05-10-2024)
Nifty50 and Sensex fell over 4% due to Middle East tensions and a shift of FII funds to cheaper Asian markets. IT stocks remained resilient amid this decline. Retail investors are advised to be cautious and avoid bottom fishing in Mid and Small Caps. Sectors such as healthcare, pharma, and IT are showing strength.
FIIs sell Indian stocks worth Rs 31,000 crore in 3 days. Will it get worse? (05-10-2024)
Emerging market dynamics shift as FIIs offload Rs 30,718 crores of Indian stocks in early October, driven by Chinese market outperformance and low valuations. Geopolitical tensions and economic metrics contribute to uncertain FPI flows, while long-term domestic investors eye potential in financials.
11 small-cap stocks plunge over 10% in just one week (05-10-2024)
11 smallcap stocks saw declines of over 10% during this period
IDFC Ltd shares to cease trading from October 10 on merger with IDFC First Bank (05-10-2024)
IDFC Ltd shares will be suspended from trading effective October 10, 2024, due to its amalgamation with IDFC First Bank. IDFC shareholders will receive 155 shares of IDFC First Bank for every 100 shares of IDFC. Current F&O contracts will expire on October 9, 2024.
Stock to watch: Vedanta shares in focus next week as board to consider fourth interim dividend on Oct 8 (05-10-2024)
Vedanta is set to consider and possibly approve its fourth interim dividend for FY25 during a board meeting on October 8, 2024. The record date for determining shareholder eligibility is October 16. The company has reached milestones in aluminium and zinc production. Shares closed unchanged at Rs 508.90 on Friday.
US Fed’s bold rate cut fuels optimism, but market caution grows over US elections and geopolitical risks (05-10-2024)
The Federal Reserve initiated a surprising rate cut while the US economy shows stable growth and cooling inflation. Chinese stimulus bolstered market sentiment, lifting equities and commodities. However, Middle East tensions and upcoming US elections inject fresh uncertainties. Investors are keen on Q4 earnings, with expectations for large caps to outperform. RBI’s upcoming policy decision is critical amid these dynamics.