On November 19, Indraprastha Gas, Mahanagar Gas, SBI Life Insurance, and Bharat Forge saw a notable increase in futures open interest, signaling rising market activity and potential future price movements.
Posts in category Economic Times
Sensex resumes fall after 1-day break, sinks 700 pts, Nifty below 23,300; Adani stocks bleed (21-11-2024)
Indian indices Sensex and Nifty50 opened lower, impacted by Adani stocks’ decline following bribery and fraud allegations.
Hot Stocks: Brokerage sees 18-20% in Paytm & Eicher Motors; Investec sees over 50% upside in Adani Energy (21-11-2024)
Investec has initiated coverage on Adani Energy with a “Buy” recommendation, citing significant opportunities in the transmission and smart metering segments
Bullish Momentum: 5 stocks with White Marubozu Pattern on Nov 19 (21-11-2024)
Five Nifty500 stocks, including Vijaya Diagnostic, Kalyan Jewellers, and Granules India, formed a bullish “White Marubozu” pattern on November 19, signaling strong buying pressure and potential future price gains.
F&O Radar| Deploy Bear Put Spread in Nifty to gain from bearish to range-bound stance (21-11-2024)
The Nifty index experienced volatility, closing lower after erasing early gains. Analysts suggest weakness may persist, with support levels at 23,350 and 23,200. A Bear Put Spread strategy is recommended to capitalize on the anticipated downward movement.
Buy Glenmark Pharmaceuticals, target price Rs 1,779: Choice Equity Broking (21-11-2024)
Choice Equity Broking has issued a buy call for Glenmark Pharmaceuticals, setting a target price of Rs 1,779. The brokerage projects robust growth for the pharmaceutical company, fueled by new product launches and expanding margins. They anticipate a 14.8% revenue CAGR and a 44.7% EBITDA CAGR from FY24-27E. Glenmark recently reported a consolidated total income of Rs 3473.
JSW Steel shares in focus on emerging preferred bidder for Codli mineral block XII in Goa (21-11-2024)
JSW Steel shares are expected to be in focus on Thursday after the company announced that it has been declared the preferred bidder for Codli Mineral Block XII in Dharbandora, Goa. The company submitted the highest final offer, valued at 92.60% of the mineral dispatched.
ETMarkets Smart Talk: IT and Financials: The sectors to watch amid moderate market returns (21-11-2024)
The earnings print in the recently reported quarter were not exciting. Input cost moderation led to strong earnings growth in FY24. Considering the high base, a meaningful improvement in volume is required to sustain the earnings momentum.
Stocks to buy today: Varun Beverages, IndiGo among top 8 trading ideas for 21 November 2024 (21-11-2024)
The Indian market is expected to consolidate on November 21, 2024, due to muted global cues. Nifty futures closed with a slight loss on Tuesday, and the market was shut on Wednesday. Experts recommend stocks like Varun Beverages, Coromandel International, Tech Mahindra, and Indigo as top trading ideas, with specific targets and stop-loss levels for short-term traders.
Adani Energy acquires 100% stake in Pune-III Transmission (21-11-2024)
Adani Energy Solutions has acquired a 100% stake in Pune-III Transmission Limited (PTL) through a Share Purchase Agreement with PFC Consulting. The acquisition aligns with Adani Energy’s strategy to boost shareholder value and supports renewable energy evacuation from Khavda RE Park. PTL’s projects include establishing high-voltage substations and a 322 km transmission line.