Posts in category Economic Times
Aam Aadmi’s welfare to fare well for FMCG (05-06-2024)
FMCG stocks favored as money exits PSU stocks. Strengthening consumer sentiment, rural market support are priorities for BJP.
GIFT Nifty rises 100 points; here’s the trading setup for today’s session (05-06-2024)
Indian markets reacted to the NDA's election results with a 6% loss in Sensex and Nifty. Concerns over socialist policies were raised. Traders were cautioned by Kotak Securities. Adian Markets and Hang Seng futures showed varied performance. Oil prices fell slightly. Stocks in F&O ban.
Bond vigilantes worry as weak Modi win fans fiscal populism fear (05-06-2024)
Prime Minister Narendra Modi's smaller-than-expected poll victory is causing concerns among bond investors about increased populism. The election results shocked traders, leading to a selloff in Indian assets.
From Street darlings to sell-off targets, PSUs feel the heat (05-06-2024)
PSUs tanked in trading post BJP's election setback. Concerns arise over govt's focus on reviving state-owned companies. Stocks plunge, eroding market cap by ₹10.62 lakh crore.
Stock Radar: Over 200% rally in a year! This multibagger Adani group company is a good buy-on-dips stock; here’s why (04-06-2024)
The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.
Ixigo to launch its IPO on June 10. Check key details (04-06-2024)
The IPO comprises fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics and Placid Holdings will offload part of their stakes.
Ahead of Market: 10 things that will decide D-Street action on Wednesday (04-06-2024)
Indian benchmark indices slipped around 6% each on Tuesday, a day after the blue-chip indices surged to record highs on Monday as exit polls had projected a much bigger margin of victory. MACD showed bullish trade on the counters of Solar Industries, Sobha, Phoenix Mills, and Container Corporation of India. Shares of India Cement, Zee Entertainment Enterprises, Bandhan Bank, Dalmia Bharat hit their 52-week lows.
Adani Group offshore bonds fall as Modi govt misses predicted majority (04-06-2024)
The political development led to a sharp decline in Adani Group companies' stock prices as well, which fell by 20% due to the poor performance of the BJP.
FIIs sell equities worth Rs 12,436 crore; DIIs net sellers at Rs 3,319 crore (04-06-2024)
It was a sharp contrast to Monday's action where both FIIs and DIIs were net buyers and purchased shares worth Rs 6,851 crore and Rs 1,914 crore, respectively, taking the overall tally to Rs 8,765 crore.