Tech View: Nifty forms shooting star on weekly chart. What should traders do on Monday
The Nifty suffered a 1% loss in Friday’s trading session, forming a bearish candle with a long upper shadow. The weekly chart also showed a shooting star pattern, which implies bearishness. To witness a bounce, the Nifty needs to cross and maintain above the 18081 region. Supports for it lie in the 18018 and 17887 […]
Marico Q4 Results: Cons PAT rises 20% YoY to Rs 302 crore, sales growth muted
The company reported its earnings after markets closed. The stock ended 0.7% down at Rs 493.60 on the National Stock Exchange.
Top 10 stocks that FIIs bought and sold in March quarter
Foreign institutional investors (FIIs) share by volume (in percentage terms) in companies listed on NSE went down to 5.88% as on March 31, 2023, from 5.90% as on December 31, 2022, as per primeinfobase.com. Key additions by FIIs in the March quarter were in Equitas SFB, Sona BLW Precision Forging, and Jindal Stainless, whereas they […]
LIC ignores bear howls to strengthen hold on Dalal Street’s most hated corner
India’s largest domestic investor, LIC, has raised its ownership stakes in seven of the biggest Indian tech majors, including TCS, Infosys, Tech Mahindra and Wipro. The state-owned insurer’s investment rose 48 basis points in Infosys, to give it 8.19% ownership, while a 111 basis points increase to 3.34% in L&T Technology Services was the highest. […]
FIIs driving on top speed see this auto stock gaining most in 5 years
Despite facing significant challenges in exporting its products, shares of Indian two-wheeler company Bajaj Auto have risen dramatically this year, seeing a return of over 23%. The rise in share price has been driven by foreign institutional investors’ sustained buying and expectations of a recovery in both rural and international markets. The company’s diversified geography […]
Federal Bank Q4 Results: Net profit surges 67% YoY to Rs 903 crore
During the quarter, the bank reported higher provisions and contingencies at Rs 116.66 crore versus Rs 75.24 crore in the corresponding quarter in the year-ago period. The return on assets (RoA) for Q4FY23 stood at 1.45% while return on equity (ROE) at 17.48%. The gross NPA and net NPA for the reporting quarter were down […]
2 top stock recommendations from Swati Ananda Hotkar
So, the profit booking cannot be denied at the higher levels, but definitely I believe 42,800, 42,500 can come down and we can just see the support formation in that particular range and again we will witness some pullbacks rally.
Gold Price Today: Where is bullion headed after yellow metal, silver hit fresh lifetime highs
Gold and silver futures rose to lifetime highs as the US Federal Reserve hinted at a rate pause after Wednesday’s commentary. Silver futures hit a new high of INR78,791 ($1,074) per kg, while gold futures touched another new peak of INR61,845 per 10 grams. Praveen Singh, associate VP of fundamental currencies and commodities at Sharekhan […]
CRO market still very much untapped in India: Cyndrella Carvalho
Indian CROs and CDMOs are attracting a lot of attention as companies, such as Syngene, Suven, and Divis, create long-term relationships with top pharma organisations. According to Cyndrella Carvalho of JM Financial, India still has a vital untapped CRO market, and with its large and diverse population, it offers enormous potential for growth in medical […]
Record gold prices to dampen Indian demand in June, Sept quarters -WGC
India’s March quarter gold demand fell 17% to its lowest level in a decade and is expected to remain low during the June and September quarters due to recent record high prices, according to the World Gold Council (WGC). Subdued gold imports threaten to limit any possible rally in global prices, with bullion trading at […]