The Nifty 50 index has recently broken below its 200-day EMA. Historically, this has been a positive signal for the market. Over the past seven years, the Nifty has shown strong returns of 3%, 5.5%, 9.3%, and 17.6% in one, three, six, and twelve months, respectively, after touching its 200-day EMA. This suggests potential upside for the market in the coming months.
Posts in category Economic Times
Jungle Camps India secures BSE SME nod for IPO, aims to raise Rs 30 crore (21-11-2024)
Jungle Camps India (JCIL) has received in-principle approval for its IPO from the BSE SME Exchange after submitting the Draft Red Herring Prospectus (DRHP) in July. The company plans to raise around Rs 30 crore through the issuance of 40,86,400 equity shares with a face value of Rs 10, via the book-building route.
Ridham Desai predicts a very bullish story for equities, capex boom in next 3 years (21-11-2024)
India is in a strong financial position. The recent economic slowdown was temporary. The government is expected to increase spending. This will boost the economy. Private sector borrowing is at a low. A lending boom is expected in the private sector. This will lead to a big investment cycle. India will stop borrowing money to pay interest in three years.
Gold’s rally far from over! Yellow metal poised for growth, new highs projected in 2025: UBS (21-11-2024)
“We maintain our bullish gold outlook and expect to see new highs in 2025, though year-on-year gains are likely to be slower than 2024. There is still room for strategic gold allocations to rise and this should keep driving gold prices higher,” said Joni Teves, Precious Metals Strategist at UBS Investment Bank.
Ambuja Cements shares 9.46% as Nifty drops (21-11-2024)
A total of 1,257,705 shares changed hands on the counter till 02:10PM (IST).
Vedanta pauses bond sale plans amid Adani-fueled market volatility (21-11-2024)
Vedanta Resources is delaying a potential dollar bond sale due to market instability caused by the indictment of Adani Group’s founder. Despite holding investor calls, Vedanta might postpone the offering until next week, hoping for yield stabilization. The delay highlights the broader market impact of the Adani situation, as investors exercise caution amidst the uncertainty.
Share price of REC as Nifty (21-11-2024)
A total of 651,337 shares changed hands on the counter till 01:53PM (IST).
Bank of Baroda stock price 3.41 per cent as Sensex (21-11-2024)
As of 30-Sep-2024, promoters held 63.97 per cent stake in the company, while FIIs held 9.87 per cent and domestic institutional investors had 8.81 per cent.
PNB stock price 3.77 per cent as Sensex (21-11-2024)
As of 30-Sep-2024, promoters held 70.08 per cent stake in the company, while FIIs held 8.41 per cent and domestic institutional investors had 2.87 per cent.