Sensex jumps 200 points, Nifty above 24,800 as US Fed minutes boost rate cut hopes (22-08-2024)
Sensex and Nifty opened on a positive note Thursday, bolstered by Federal Reserve meeting minutes suggesting a likely rate cut. Companies such as Infosys and Tata Steel saw gains, while others like Power Grid declined. Paytm's shares jumped over 5% after Zomato agreed to acquire its entertainment and ticketing business.
Adani Wilmar and 3 other stocks closed above VWAP (22-08-2024)
On August 21, the closing prices of four stocks from the Nifty500 pack rallied about 2-3% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.
Buy Westlife Foodworld, target price Rs 915: Axis Securities (22-08-2024)
Westlife Foodworld Ltd. key Products/Revenue Segments include Dividend and Income From Sale Of Share & Securities for the year ending 31-Mar-2024.
Indices drift higher in early trade; breadth strong (22-08-2024)
At 09:30 IST, the barometer index, the S&P BSE Sensex, gained 215.45 points or 0.27% to 81,126.78. The Nifty 50 index added 65.65 points or 0.27% to 24,832.50.
Buy Trent, target price Rs 7000: Axis Securities (22-08-2024)
Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 241790.13 Crore) operating in Retail sector.
Tasty Bite Eatables Ltd Surges 4.55% (22-08-2024)
Tasty Bite Eatables Ltd has added 43.95% over last one month compared to 2.5% gain in BSE Fast Moving Consumer Goods index and 0.97% rise in the SENSEX
The Anti-Portfolio (22-08-2024)
Update:
I have sold out both Arman and Sanghvi movers, have added SAMHI hotels, bit of loss booked for taxes and want to diversify into a new sector. Thanks to @shankarnath for the idea
Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind? (22-08-2024)
In the first half of August, foreign institutional investors withdrew Rs 14,790 crore from financial stocks due to concerns about Fed rate cuts. They invested in healthcare, FMCG, and consumer services instead. Experts suggest these financial stocks now offer good value, with larger banks like ICICI, Axis, and SBI being top picks for stable returns.
IREDA jumps after board to mull fund raising upto Rs 4,500 cr (22-08-2024)
Indian Renewable Energy Development of India (IREDA) rallied 5.53% to Rs 251.25 after the company's board said that it will meet on 29 August 2024, to consider raising funds up to Rs 4,500 crore through different modes.