Posts in category Economic Times
Positive Breakout: Balkrishna Industries and 3 other stocks cross above their 200 DMA (13-05-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
At multi-year highs: These 4 stocks witness 5-year swing high breakout (13-05-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Asia stocks brace for US inflation test, China data (13-05-2024)
Beijing has already reported a welcome pickup in inflation to an annual 0.3% in April, helping to soothe worries about a slide into prolonged deflation. Forecasts favour further gains in April retail sales and industrial output due on Friday.
Oil extends decline on signs of weak fuel demand, strong dollar (13-05-2024)
Brent crude futures slid 26 cents, or 0.3%, to $82.53 a barrel by 0025 GMT while U.S. West Texas Intermediate crude futures was at $78.03 a barrel, down 23 cents, or 0.3%.
Gold edges higher as markets count on Fed rate-cut hopes (13-05-2024)
Financial markets expect the U.S. central bank to start its easing cycle in September. Lower interest rates reduce the opportunity cost of holding gold.
Currency market calm as US inflation data holds focus this week (13-05-2024)
Markets have priced in a 61.2% chance of some degree of rate reductions to begin at the Fed's September meeting, with about 50 basis points of cuts in total expected, CME's FedWatch Tool showed.
Pre-market action: Here’s the trade setup for today’s session (13-05-2024)
"We expect this volatility to continue in the near term in the absence of any major positive trigger. Now till Nifty holds below 22000 zones, weakness could be seen towards 21700," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: Varun Beverages, Zomato, Indegene, Tata Motors, Tata Power, Zydus Life (13-05-2024)
Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.