The SME portfolio (10-10-2024)
any views on ABS Marine ?
Tech view: Bears in control of market, Nifty forms inside day candle. How to trade tomorrow (10-10-2024)
Nifty formed an inside day pattern, indicating sideways movement. Bears are in control, using pullback rallies to create short positions. Support at 24,950-25,000 and 24,750. Resistance at 25,100 and 25,250-275. Analysts suggest buying on dips, with a stop loss at 24,800.
Indices hold ground, awaiting US inflation data (10-10-2024)
The domestic equity benchmarks ended with minor gains on Thursday. The market opened with gains on positive global cues, but struggled to maintain momentum as investors awaited US inflation data. The Nifty settled closed near the 25,000 level. Banks and financial stocks were in demand. On the other hand, pharma, healthcare and IT stocks declined.
India to see 11% YoY growth in ready made garment exports over year coming (10-10-2024)
A latest update from Ministry of Textiles stated that India’s textiles sector is set for significant expansion, with an 11% year-on-year growth in Ready-Made Garments (RMG) of all Textiles exports, as per India’s trade data of August 2024, signaling a bright future. The Textiles sector in the country is expected to grow to USD 350 billion by 2030, driven by India’s inherent strengths and a strong policy framework that encourages investment and exports. With end-to-end value chain capability, a strong raw material base, a large export footprint and a vibrant and rapidly expanding domestic market, India is a traditional leader in the textiles sector. The encouraging reports of a number of investment decisions in the pipeline are healthy portents for the industry.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (10-10-2024)
great update by the company
after a slow q1, things have picked up this q2.
Disc- Invested