Short covering occurs when traders repurchase borrowed shares to close their short positions, usually triggered by a change in market sentiment or the emergence of new information.
Posts in category Economic Times
KRN Heat Exchanger and Refrigeration garners Rs 100 cr from anchor investors (24-09-2024)
KRN Heat Exchanger and Refrigeration Ltd on Tuesday said it has raised Rs 100 crore from anchor investors, a day before its initial share-sale opening for public subscription.
Technical Breakout Stocks: Amber Enterprises India, Home First Finance Company and IPCA Laboratories hit fresh highs; what should investors do? (24-09-2024)
Investors showed interest in oil & gas, utilities, power, and metal stocks, while banking, realty, telecom, FMCG, and consumer durable stocks experienced selling pressure.
Sebi seeks views on simplifying registration process for certain FPIs, floats consultation paper (24-09-2024)
Sebi is considering a proposal to streamline the Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs) to reduce paperwork and processing time. The industry has requested a simplified CAF with only essential fields for specific FPI categories.
Strong demand for India’s largest non-bank bond sale for FY25 may prompt more issues (24-09-2024)
Strong demand from mutual funds and insurance companies at India’s largest issue of bonds by a non-banking entity for the current financial year is likely to prompt similar issues in the near-term, five merchant bankers said on Tuesday.
Gold prices hit record high of Rs 76,911; traders see it crossing Rs 78,000 soon (24-09-2024)
Gold prices hit a record high of Rs 76,911 per 10 gm, driven by positive global cues and anticipation of further US Fed rate cuts. Geopolitical tensions also support the rally. Colin Shah expects prices to reach $3,000 per troy ounce globally and Rs 78,000 per 10 gm domestically.
Gold remains flat at Rs 76,950 per 10 gram (24-09-2024)
Gold prices remained flat at Rs 76,950 per 10 grams in the national capital on Tuesday amid a firm trend in the overseas markets. On Monday, the precious metal had revisited the all-time high level of Rs 76,950 after a gap of six months, according to market sources.
Tech view: Nifty forms small-bodied indecisive candle as bulls develop cold feet at 26k. How to trade tomorrow (24-09-2024)
Domestic benchmarks are attempting to sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.
Stock market update: Nifty Pharma index advances 0.23% (24-09-2024)
The Nifty Pharma index closed 0.23 per cent up at 23188.4.
Share market update: Most active stocks of the day in terms of traded value (24-09-2024)
The NSE Nifty index closed 1.36 points up at 25940.4