Golden Crossovers: These 4 stocks signal further bullishness
In the Nifty500 pack, four stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on October […]
At multi-year highs: These 5 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 250 crore, 5 stocks crossed their previous 5-year high value at the close on October 13, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look
Bitcoin becoming less volatile than stocks raises warning flag
Yet trading volume has also slumped. Daily readings are hovering around $47 billion right now, down from more than $100 billion at the start of the year, according to data tracker CoinMarketCap.com.
What changed for market while you were sleeping
Asian shares tracked Wall Street higher on Friday, although gains could quickly unwind as investors grapple with the reality that surging U.S. inflation will likely lead to higher interest rates for longer, hastening a global recession. MSCI’s index of Asia-Pacific shares outside Japan was trading 2.45 per cent higher.
Stocks in the news: Bajaj Auto, Infosys, HDFC Life, AR Wealth, MindTree and BHEL
Bajaj Auto, Shree Cement, Tata Elxsi, Oberoi Realty, Federal Bank, Just Dial, Spandana Sphoorty Financial, PLastiblends and Moneyboxx Finance are among the companies that will announce their results for September 2022 quarter today.
Gold slides as U.S. inflation data boosts rate-hike bets
The Fed is seen delivering another large rate hike in three weeks’ time and ultimately lifting rates to 4.75%-5% by early next year, if not further, after the inflation report. Although traditionally considered an inflation hedge, interest rate hikes to combat soaring prices have reduced bullion’s appeal since it yields no interest.
Wipro at 52-week low as analysts cautious after weak Q2 show
Wipro’s shares declined more than 7%, or ₹28.65 per share, to close at ₹379.10 after India’s fourth-largest IT services firm’s December quarter guidance fell short of market expectations. The stock touched its 52-week low of ₹378.10 during Thursday’s trading and eroded nearly ₹15,700 crore of investor wealth.
IRDAI offers more flexibility to general insurance companies
This decision was taken “to facilitate the industry to respond faster to the emerging market needs in terms of designing and pricing of general products and to promote efficiency in the conduct of general insurance business,,” the IRDAI said.
Lenders of two Srei companies extend offer deadline by a month
After lenders restarted the sale process of Srei Equipment Finance and Srei Infrastructure Finance, administrator Rajnish Sharma had set a deadline of October 15 for accepting resolution plans.
Resilient Q2 show, buyback to offer support to Infy stock in the short term
Infosys reported a 4% sequential jump in CC revenue for the September quarter, which was similar to the peers. However, the reported growth of 2.5% in revenue at $ 4,555 million was better than the 1.4% and 1.9% increase reported by TCS and HCL Tech while being a tad higher than the 2.3% growth reported […]