The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.
Stock Market Live Updates: Stock to sell today: Jindal Worldwide (₹295.55): SELL (23-10-2024)
Sensex, Nifty, Share Prices LIVE: The outlook for Jindal Worldwide is bearish. The stock has been in a strong downtrend since the first week of September this year. The downtrend is intact. There is room for the share price to fall further from here. Strong resistance is in the ₹303-₹305 region. Any rise above the psychological ₹300 mark is likely to see fresh sellers coming into the market. So a rise beyond ₹305 is unlikely now.
Stocks in news: Bajaj Finance, SBI Life, HUL, Adani Energy, Fedbank Financial (23-10-2024)
Shares of SBI Life, HUL and Bajaj Finserv will be in focus as the companies will announce their quarterly results for the July-September 2024 period.
Asian stocks fluctuate with Fed’s pace in focus (23-10-2024)
Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July.
Brokerages upbeat on City Union Bank (23-10-2024)
The price targets imply a 1-19% rise in the stock over its Tuesday closing price of ₹168.5. City Union Bank shares rallied 11.9% on Tuesday in a weak market in response to the September quarter earnings.
One-Way Street: FPIs’ record-breaking run from India continues (23-10-2024)
The record-breaking run in Indian stocks in 2024 reversed in October after a rebound in Chinese markets triggered record outflows from local equities.
T+0 a minus for brokers on Diwali Day (23-10-2024)
Brokers and their employees had asked the BSE and NSE to advance the hour-long session to 10-11 in the morning from the traditional 6-7 pm, as this would allow them to complete post-trading operations by noon and give them enough time to celebrate Diwali with their families on Lakshmi Puja. That request has been rejected by the exchanges, according to people with knowledge of the matter.
Trading in F&Os can’t be national pastime: Ashwani Bhatia (23-10-2024)
“There is a saying uneasy lies the head that wears a crown…We are number one and globally also more than 50 % of the F&O volume happens in India. This is a crown we do not wish to wear,” Bhatia said.
IDFC First Bank Limited (23-10-2024)
Yes thanks, I am aware of that.
Much needed increase in Tier 1 capital.
Banks leaned more on short-term debt for funding needs this fiscal (23-10-2024)
Banks have faced pressure to mobilise funds through various avenues over the past couple of years as credit growth has outpaced deposit growth, although the extent of the wedge between the two has narrowed over the last couple of months. As on October 4, bank credit growth was at 14.1% year-on-year, while deposit growth was at 12.2% over the same period, RBI data showed.