There was some kind of expectation, which was building up in the markets, from what I gather, that there could be a possibility of an announcement of a cut in the borrowing in H2, lower than 6.6 lakh crore and that was a reason for a rally going ahead.
Posts in category Economic Times
NSE defers T+0 rolling settlement cycle until further notice (27-09-2024)
In the T+0 settlement cycle, trades are settled on the same day they occur which means that the transfer of shares to the buyer’s account and funds deposited in the seller’s account happen on the same day of the trade.
United Spirits share price down 3.77 per cent (27-09-2024)
A total of 31,939 shares changed hands on the counter till 02:09PM (IST).
HDFC AMC shares down 1.35% as Sensex falls (27-09-2024)
A total of 3,073 shares changed hands on the counter till 01:59PM (IST)
India equity playbook 2024: US pivot has finally happened; will D-St shine even more? (27-09-2024)
The US Federal Reserve has cut interest rates by 50 basis points to address rising unemployment and bolster demand. Historically, such cuts have led to market corrections, but current US GDP growth suggests a different outcome. Indian markets, with strong GDP growth and robust liquidity, may remain resilient despite global trends.
Varun Beverages shares drop 1.72% as Sensex falls (27-09-2024)
The stock quoted a 52-week high of Rs 682.84 and a 52-week low of Rs 331.28.
Max Healthcare shares drop 0.49% as Sensex falls (27-09-2024)
A total of 13,763 shares changed hands on the counter till 01:44PM (IST)
2 top stock recommendations from Soni Patnaik (27-09-2024)
However, any closer dip towards 26,000, 25,800 can act as a strong support as well. On the higher side, 26,300 intraday is acting as a resistance. There is some amount of call writing that can be seen around those levels.
Indian Hotels shares gain 0.6% as Sensex falls (27-09-2024)
On the technical charts, the RSI of the stock stood at 66.32.
Where does this FII find scope for 15% CAGR in earnings for next 3-4 years? (27-09-2024)
Vikas Pershad and Deepika Mundra from M&G Investments outline their investment strategies, focusing on sectors such as auto ancillaries, EMS companies, and defence. They emphasize the need for profitability in investments and caution against overvalued IPOs. Long-term growth is anticipated in industrials and healthcare sectors. They also indicate sectors where an investment can double in five years.