Short covering occurs when traders repurchase shares they had previously sold short, typically in response to a change in market sentiment or new information.
Five-Star Business Finance Ltd leads losers in ‘A’ group (30-10-2024)
Sarda Energy & Minerals Ltd, Honeywell Automation India Ltd, Multi Commodity Exchange of India Ltd and Dixon Technologies (India) Ltd are among the other losers in the BSE’s ‘A’ group today, 30 October 2024.
October 31 or November 1? When is the stock market closed for Diwali (30-10-2024)
Indian equity markets will remain open for trading on Thursday, October 31, despite many celebrating Diwali on that day. However, they will be closed on November 1, Friday, although a brief session for Muhurat Trading will take place. According to the Hindu calendar, Deepawali is celebrated on Amavasya Tithi, which falls on October 31, 2024.
Hind Rectifiers hits the roof after Q2 PAT soars to Rs 10 cr (30-10-2024)
Hind Rectifiers hit an upper circuit of 5% to Rs 1,103.65 after the company’s net profit zoomed 156.42% to Rs 10.18 crore on 25.66% increase in revenue from operations to Rs 165.84 crore in Q2 FY25 over Q2 FY24.
This smallcap stock has zoomed 109% from IPO issue price within 2 months (30-10-2024)
Gala Precision Engineering shares hit a record high of Rs 1,105.45, as they surged 17% on the BSE in Wednesday’s intra-day trade, zooming 109% against its issue price of Rs 529 per share.
Maruti Suzuki jumps on value buying (30-10-2024)
Maruti Suzuki India rose 3.39% to Rs 11422.50 on bargain hunting after a recent steep fall.