Positive Breakout: These 4 stocks close cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
ETMarkets Smart Talk-Look at profitability, growth prospects, and return ratios while choosing smallcap stocks: Naveen KR
While the Sensex and Nifty have recently achieved all-time highs, several negative global cues have instilled caution among investors regarding the global economic outlook and its potential impact on India.
Big Movers: What should investors do with TCS, Delta Corp and Sun Pharma?
The momentum indicator MACD is also showing positive signs. The volume during green days is higher than the red days, which also confirms the upper hand of the bulls. We recommend buying the stock at current levels for 3350 and 3450 with immediate support around 3230 and 3195.
Market jitters in an event-heavy week lead to spike in bond shorts
The special segment of the Clearing Corporation of India’s ClearCorp Repo Order-Matching System has shown an unusually large volume of transactions in the 10-year benchmark bond over the past couple of days, treasury executives said.
Promoters must disclose family pacts: Sebi
In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as of the date of notification are to be disclosed to the stock exchanges. It was earlier understood that only prospective agreements must be disclosed, not retrospective.
Buzz of default by old Surat lab diamond maker grips market
The deal that the firm had cut with many wealthy individuals, including professionals, real estate players, and a few farmers in the region to raise money has backfired amid a fall in the price of labgrown diamonds. The outstanding dues would be in the region of Rs 500 crore, three persons in the diamond market […]
Promoters to sell up to 9% in Patanjali Foods via OFS
The floor price for the offer has been fixed at ₹1,000, which is 18% discount to Wednesday’s closing price of ₹1,228. At the floor price, the OFS could fetch ₹3,260 crore for the promoters.
Reliance Retail, Jindal (India) make offers to acquire bankrupt Future Enterprises
Future Enterprises have received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures and GBTL Ltd under the corporate insolvency process. The newly appointed resolution professional Avil Menezes disclosed the names of these three entities as a ‘provisional list of prospective resolution applicants’. The RP has admitted Rs 12,265 crore of verified claims from lenders […]
Reward points and freebies push credit card spends to record levels
Average monthly spending through credit cards has doubled in three years from Rs 60,000 crore a month in FY’19-20 to Rs 1.2 lakh crore a month in FY’22-23.
Slowdown transient, TCS & HCL Tech to bounce back on long-term demand
The management commentary by each of the companies reveals that the demand slack is on account of either a delay in decision making by clients or sporadic ramp downs in some of the projects. Going by the deal additions of TCS and HCLTech’s narrative of making up for the lost ground in subsequent quarters purports […]