At multi-year highs: These 4 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1,000 crore, four stocks crossed their previous 5-year high value at the close on November 21, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look
Stocks to buy or sell today: 7 short-term trading ideas by experts for 22 November 2022
The S&P BSE Sensex fell more than 500 points while the Nifty50 closed below 18,200 level on Monday.
Big Movers on D-St: What should investors do with UCO Bank, Timken India, Bank of Maharashtra, and Easy Trip Planners?
The stock potentially has a strong primary trend. The price action witnessed profit-taking from September 2022 on a relative dearth of volumes. In the due course, it formed the ABCD harmonic pattern which ushered for a reversal.
US stock market: Dow, Nasdaq slip as concerns rise of stricter China COVID curbs
The S&P 500 energy sector index fell almost 3% on Monday to its lowest level in four weeks as oil prices tumbled more than 5% after a report that Saudi Arabia and other OPEC oil producers were discussing an output increase. The index, however, pared losses after Saudi Arabia denied talks about it.
Any sustained recovery unlikely, be selective with steel stocks: Analysts
With exports unlikely to rebound to peak levels and prices expected to remain weak, analysts are recommending select stocks such as Tata Steel, JSPL, NMDC, Kirloskar Ferrous, and Tata Metaliks, among others.
Five Star Business may face pressure after tepid listing
The company’s ₹1,960-crore IPO was sold in the range of ₹450-474 per share between November 9 and November 11. Only 70% of the IPO was subscribed but the issue sailed through as it met the criteria set by the Securities and Exchange Board of India for an IPO.
Insolvency Law likely to see 2 key tweaks
The meeting was attended by bank executives, lawyers, consultants, officials from the finance ministry, the IBBI and even from the prime minister’s office (PMO).
Outlook uncertain, market breadth also signals caution
The average advance-to-decline (A/D) ratio has narrowed to 0.871 so far this month. The November’s ratio has declined from an average of 1.27 in the previous month, and it is the lowest reading since 0.821 seen in March 2020 when the Coronavirus pandemic induces a selloff in the world equities market, data showed. A falling […]
Archean Chemical lists at a premium, closes up 12.53%
The portion reserved for institutional investors was subscribed 48.91 times, while the retail quota was subscribed 9.96 times. The high-net-worth individuals’ portion received bids for 14.9 times the shares reserved for them.