Trader’s Guide: 2 stocks ideas that can offer up to 9% gains in near-term
The candlestick formation was accompanied by a marginal increase in volume which adds little weight to the bullishness of the stock. The Relative Strength Index (RSI) which is a lead indicator has crossed above 30 from the oversold zone, indicating that the stock is likely to witness some momentum on the upside.
India unwilling to bend for index inclusion to bring in billions
The government wants to be self-reliant in its funding, and is prepared to handle any selloff in its debt market should inclusion fail to happen, the people said. The nation is borrowing a record 14.3 trillion rupee ($176 billion) this fiscal year.
What should investors do with Dish TV, Power Grid and Gujarat Gas?
Stocks that were in focus included names like Dish TV, which fell more than 6 per cent, Power Grid, which rose nearly 2 per cent, and Gujarat Gas, that rallied nearly 6 per cent.
Electronics Mart India IPO to kick off on Oct 4; price band fixed
The company intends to utilise the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.
What changed for market while you were sleeping
Asian stocks fell sharply once again as traders kicked off a fresh day of trading Wednesday, tracking losses in New York and Europe fuelled by long-running recession fears. MSCI’s index of Asia-Pacific shares outside Japan was trading 1.54 per cent lower.
Stocks in the news: Axis Bank, NHPC, Power Grid, BPCL, BHEL and Nykaa
India’s third largest private sector lender, Axis Bank, will invest around Rs 50-70 crore to acquire a little less than a 10 per cent stake in Fairfax-backed Go Digit Life Insurance.
S&P 500 falls to two-year low, bear market rally snuffed out
The S&P 500 touched a session low of 3,623.29, its lowest point on an intraday basis since Nov. 30, 2020. A late rally helped push the index off its worst level of the day, but the index still closed lower for a sixth straight session as it lost 7.75 points, or 0.21%, to 3,647.29 .
Bulls hold on to key Nifty level despite FPI selling
With the Nifty on Tuesday managing to close above 17,000 for the second day after declining below it earlier in the session, market participants are betting that the market may not fall further in the near term unless the index closes below this level.
RBI mulls steps to arrest rupee slide
People familiar with the matter told ET that commercial banks have also suggested imposition of temporary curbs on imports of ‘non-essential’ goods, such as gold, to conserve dollars. An unabated surge in the dollar could prompt targeted interim measures from Mint Road.
Merchants seek wider testing of recurring payments
Without directly seeking an extension, the Merchant Payments’ Alliance of India (MPAI) requested the RBI to mandate system participants to demonstrate the same level of success rate in token and card-based payments in a letter dated September 26. The letter also requests that all existing e-mandates based on card details be immediately transferred to tokens.