At multi-year highs: These 8 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, eight stocks crossed their previous five-year high value at the close on May 09, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Stocks to buy today: 9 short-term trading ideas by experts
The Indian market is expected to rise on Wednesday following positive global signals, with the Sensex and the Nifty50 closing flat on Tuesday. The weekly maximum Call OI is placed at 18,300 and then towards 18,400 strikes while the maximum Put OI is placed at 18,200 and then towards 18,100 strikes. Stocks recommended by analysts […]
India’s inflation likely hit 18-month low in April: Poll
Inflation as measured by the annual change in the consumer price index (CPI), was forecast to have fallen to 4.80% in April from 5.66% in March, according to the median view from the May 8-9 Reuters poll of 53 economists.
Big Movers on D-St: What should investors do with Mahanagar Gas, IGL and Firstsource Solutions?
The Indian stock market ended mixed on Tuesday. S&P BSE Sensex was flat while the Nifty50 managed to maintain 18250 levels. Telecom, IT, and auto stocks witnessed buying while selling was seen in public sector, utilities, and realty. Stocks like Mahanagar Gas, Indraprastha Gas, and Firstsource Solutions were up. Experts recommend buying MGL, IGL, and […]
Asian stocks stumble as investors’ nerves show ahead of US inflation data
Asian stocks struggled to advance as investors awaited US consumer price data that could dampen hopes for interest rate cuts this year, if inflation fails to decline significantly. The greenback was steady. The Nikkei fell 0.4%, the MSCI’s Asian-Pacific index fell 0.3%, and the S&P 500, which fell 0.5% overnight, saw futures remain steady in […]
Oil prices edge lower after surprise build in U.S. crude, gasoline stockpiles
Oil prices fell in early trade after industry data revealed an unexpected increase in US crude inventory. Brent crude was down 16 cents to $77.28 a barrel, and US West Texas Intermediate dipped 20 cents to $73.51.
Adani Ports to prepay $130 million of $650 million bonds due July 2024
These bonds were issued in 2019 when APSEZ had raised $650 million through five-year bonds due for maturity in July 2024. After the US-based activist shortseller Hindenburg Research released an adverse report on Adani Group in January, the bonds fell to 86/88 cents on the dollar, and has since recovered to 97 cents, said a […]
Adani-Hindenburg: Expert panel submits report to Supreme Court
An expert panel investigating the Adani Group following allegations of financial irregularities has submitted a report to India’s Supreme Court. It is not clear if the six-member committee, set up after claims by US research firm Hindenburg, reviewed all the concerns outlined by the top court in March. The group was asked to assess how […]
Brokers call For Sebi intervention to avert a freeze on bank accounts
In the last four months, at least six members have faced the issue of a freeze on their client bank accounts, according to ANMI. The settlement process of a large mutual fund was also stalled recently after a client filed a complaint against a broker with the Mumbai police.
Zomato slides 7% on fears ONDC may hit profitability
Analysts said the disruption by ONDC, where consumers are buying food and grocery at cheaper prices, has hurt investor sentiment in loss-making Zomato.