Gujarat Titans! State PSUs rally up to 17% on new payout policy
Gujarat state public sector undertakings (PSUs) shares surged up to 17% after the state government implemented a new policy regarding minimum levels of dividend distribution and bonus shares, with the aim of adding to the valuation of Gujarat’s PSUs. The state government has made it mandatory that a minimum 30% of profit after tax or […]
At multi-year highs: These 6 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks crossed their previous 5-year high values at the close on April 25, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Golden Crossovers: These 4 stocks signal further bullishness
In the NSE list of stocks, four stocks with a market cap of over Rs 300 crore have been 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. The […]
Bharti Airtel, Tata Steel among 9 stocks that jumped above their 200 DMAs
In the Nifty500 pack, the closing price of these nine stocks crossed above their 200 DMAs (Daily Moving Averages) on April 25, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the […]
Hot Stocks: Brokerages on Bajaj Auto, Nestle India, HDFC AMC and Apollo Hospitals
JPMorgan has maintained an overweight rating on Bajaj Auto with a target price of Rs 5,150. Similarly, Motilal Oswal has maintained a buy rating on Apollo Hospitals with a target price of Rs 5,580, while Kotak Institutional Equities has an add rating on Nestle India and HDFC AMC with target prices of Rs 22,250 and […]
India vs other global markets: How bad has 2023 been for Nifty so far?
So far in 2023, Indian equity indices Nifty and Sensex have declined 2% and 1.3%, respectively as FIIs have sold stocks worth over Rs 19,000 crore this year. Meanwhile, major global markets have risen up to 17% year-to-date. According to IIFL Securities data, USA, UK, China, and Japan equity markets outperformed the Indian equity market […]
Stocks to buy today: 7 short-term trading ideas by experts
On the options front, the maximum Call OI is placed at 17800 and then towards 18000 strikes while the maximum Put OI is placed at 17700 and then towards 17600 strikes. Minor Call writing is seen at 17800 then 17950 strikes while Put writing is seen at 17750 then 17700 strikes.
ETMarkets Smart Talk: This CEO of top MF reduces exposure to banks and IT in model portfolio
Indian market had performed a lot better than other markets in 2021 leading India’s valuation at a significant premium to other emerging markets.
Big Movers on D-St: What should investors do with Zomato, Anupam Rasayan and ITC?
Indian markets closed positively for the fourth day, with the Sensex up over 70 points and Nifty50 above 17,700. Anupam Rasayan rallied more than 4%, while ITC closed with gains of 0.4% and Zomato rose more than 3%. Technical analyst Viral Chheda recommends buying Zomato stock with stop loss of 48 on a weekly closing […]
Gold steady as investors eye U.S. data for economic cues
Gold prices hovered around the important mark of $2,000 per ounce as investors sought clarity on the trajectory of the Federal Reserve’s rate hike from US economic data. Spot gold remained at $1,999.09 per ounce, while US gold futures edged up 0.3% to $2,010.20. The upcoming Federal Open Market Committee meeting on 2-3 May was […]