Trader’s Guide: 2 stocks that can jump 6% each in short term
This hospitality stock is attempting a breakout from the technical price pattern of a pennant. A breakout from such a pattern indicates a continuation of the ongoing trend and has the potential to move up by ~6%. The stock price has been comfortably moving above the multiple moving averages, reflecting the bullish trend in the […]
Big Movers on D-St: What should investors do with Cochin Shipyard, Triveni Turbine and Rites?
Continuing its daily rising trend, the stock moved towards its highest level of Jan 2020 (Rs 491.70). The key technical indicators are positively poised on long-term as well as medium-term timeframe charts.
Tracxn Technologies IPO to open on Oct 10; price band fixed at Rs 75-80
The company’s extensive global database and customized solutions and features allow its customers to source and track companies across sectors and geographies to address their requirements.
What changed for market while you were sleeping
Major Asian opened higher on Tuesday after Wall Street shares rebounded, with the rises coming despite a North Korean missile test shortly before the opening bell. MSCI’s index of Asia-Pacific shares outside Japan was trading 1.10 per cent higher.
Stocks in the news: HDFC, Tata Steel, Britannia, Vedanta, Dr Reddy’s and Adani Green
HDFC, India’s largest mortgage lender, said loans assigned in Q2FY23 stood at Rs 9,145 crore, up from Rs 7,132 crore in same period last year. All the loans assigned during the quarter were to HDFC Bank.
Analysts cut earnings estimates on cost inflation, slowdown fears
Higher commodity prices have been one of the key reasons for earnings buoyancy over the last two years. In FY22, the global rally in commodity prices alone accounted for 50% of incremental Nifty earnings growth. Analysts said further downgrades would weigh down markets that are already trading at premium valuations.
ONGC, OIL to benefit from upward revision in gas prices
The Union government raised the domestic gas price by 40% to $8.6 mmbtu on October 1 from $6.2 earlier. The price is computed based on the weighted average trailing 12-month price with a lag of three months of the gas benchmarks in the US, UK, Russia and Canada.
Wall Street closes with sharp gains as final quarter begins
Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.
Comfort letters worth over Rs 30,000 crore given by PSUs under a haze
An LoC is a document that gives a degree of assurance that an obligation – like servicing of interest and repayment of a loan – will be ultimately met. But, unlike an irrevocable guarantee, an LoC is not a firm promise.
Indices dip 1% on oil, global signals
A rebound in oil prices ahead of the meeting of the world’s top oil producers on Wednesday also soured sentiment, with the Nifty closing below 17,000, considered a key level in the near term. The index declined 207 points, or 1.21%, from Friday’s close to end at 16,887.35, below its 200-day moving average of 16,979.88 […]