Nearly 90 per cent of the stocks comprising the National Stock Exchange Nifty 500 Index and 49 of the 50 stocks that make up the Nifty50 are trading above their respective 200-day moving averages (DMAs). The 200-DMA is considered one of the most relevant trend indicators by investors and traders. They believe that stocks and indices trading above this key level exhibit strength and are likely to rally, while those trading below this level are viewed as bearish, with the stock/index expected to see a selloff.
Posts tagged Rediff
Nomura hikes India exposure; RIL among favourites (14-12-2023)
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China’s recovery disappoints.
PE firms cash out amid market surge (14-12-2023)
Global private equity (PE) firms are successfully offloading large equity stakes in domestic companies in the open market, taking advantage of buoyant conditions. Strong domestic liquidity support and an upward trending market have underpinned over a dozen PE exits worth $2.5 billion, data compiled by Business Standard shows. The figures exclude PE exits during maiden share sales and shares sold by strategic investors, such as SoftBank and Ant Group in new-age companies.
Sensex, Nifty rally over 1% to hit lifetime highs (14-12-2023)
Among the Sensex firms, Tech Mahindra, HCL Technologies, Wipro, Infosys, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv and ICICI Bank were the major gainers. Power Grid, Nestle, Asian Paints and Hindustan Unilever were among the laggards.
Talent Crunch Affects Bank’s Cybersecurity Plans (14-12-2023)
‘We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.’
Realty sector’s inventory surges to over Rs 1 trn (13-12-2023)
The past 18 months have seen a resurgence in the real estate industry, with developers regaining the ground lost to the Covid-19 pandemic. But it is once again adding inventory at a pace faster than sales. The industry’s inventory rose by 28 per cent year-on-year (Y-o-Y) in H1FY24, com-pared to a 25.5 per cent year-on-year increase in net sales during the same period.
Poonawalla shells out Rs 1,400 cr to buy London villa (13-12-2023)
Serum Institute of India chief Adar Poonawalla will pay £138 million (about Rs 1,444 crore) for a Mayfair mansion in London in one of the city’s most expensive home sales of the year
Google vs Epic verdict cheers Indian gaming developers (13-12-2023)
The verdict in the Google versus Epic Games antitrust case in the US has spread cheer among the Indian gaming and app developers. Ending a three-year legal battle, the San Francisco jury found that Google turned its Play app store and billing service into an illegal monopoly. American video game maker Epic Games, best known for Fortnite, had sued Google in 2020.
Investors cautious ahead of Fed meet; BSE up 34 points (13-12-2023)
Among the Sensex firms, NTPC, Power Grid, Mahindra and Mahindra, Larsen and Toubro, Sun Pharma, State Bank of India, Titan and Tata Steel were the major gainers. Tata Consultancy Services, Infosys, Axis Bank, Bajaj Finserv, UltraTech Cement and Bajaj Finance were the major laggards.
Higher credit demand may lead to upsides for banks (13-12-2023)
The National Stock Exchange Nifty Bank has hit an all-time high. Apart from the bullish sentiment caused by recent Assembly elections, there are signs of economic recovery and credit expansion. Large private banks are trading at relatively low valuation premiums to public sector (PSU) banks compared to historical premium levels.