Merger Mania: Crypto community goes gaga after Ethereum completes the ‘Merge’
Ethereum developers say the upgrade will make the network – which houses a $60 billion ecosystem of crypto exchanges, lending companies, non-fungible token (NFT) marketplaces and other apps – more secure and scalable.
Nifty Bank: Key levels to watch out for on Friday
The banking barometer plunged sharply on Thursday, about 631 points from its new peak of 41,840.15 but did not breach the 41,000-mark.For the day, the bank index closed at 41,209.20, dropping 196.2 points or 0.47 per cent from its previous close. Here’s how analysts read the Nifty Bank pulse.
Tech View: Nifty50 forms a bearish candle; what should investors do on Friday?
“The Nifty50 index failed to hold above the previous day’s high and slowly drifted down towards 17,860 zones. It formed a Bearish candle on a daily scale and closed near its day’s low,” Chandan Taparia, Vice President and Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
Shankar Sharma backed-Annapurna Swadisht hits primary markets. Worth a look?
Annapurna Swadisht enjoys a strong track record of having ramped up its turnover in the last 4 years via its focus on brand building and positioning its products in a low cost segment and it gains market share in East India, said Profitmart Securities.
Tamilnad Mercantile Bank: Should buy, sell or hold after muted listing?
However, analysts remain positive on the private lenders despite its muted debut at the bourses and suggest that investors should hold the counter for a longer run. However, any fresh entry at current levels shall be avoided, majority of them said.
Tata Motors, HDFC Bank among 8 stocks that can rally in near term
Amid rising volatility, analysts believe that technicals suggest some solid action in select counters in the near term.
BofA survey shows investors fleeing equities en masse on fear of recession
A historically high 52% of respondents said they are underweight equities, while 62% are overweight cash, according to the bank’s global fund manager survey, which included 212 participants with $616 billion under management in the week through Sept. 8.
Big Movers on D-St: What should investors do with Fortis Healthcare, Allcargo Logistics and Ambuja Cements?
Stocks that were in focus included names like Fortis Healthcare, which closed with gains of nearly 6 per cent, Allcargo Logistics gained more than 5 per cent, and Ambuja Cements ended with gains of nearly 8 per cent.
SBI on a roll, m-cap crosses Rs 5 lakh crore
Shares of the public sector lender gained 188% in the last two years, surpassing the market value of blue chips such as HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC, HCL Technologies, Maruti Suzuki, Bajaj Finance, and Asian Paints to become the seventh most-valued company in India.
Wall Street staggers to higher close as Fed rate hike looms
The inflation debate continues and yesterday was a harsh reminder that this a tough battle and the Fed needs to remain aggressive to put a lid on the widespread inflationary prices we’re seeing,Detrick added.