Nifty eyes 20,000: How far can bulls steer index beyond this magical mark?
In just 15 sessions, the NSE flagship index has rallied nearly 900 points from the 19,000 level, hit on June 28, on strong global market cues, signs of an end to the US Federal Reserve’s rate tightening cycle, and most importantly, strong foreign investor inflows. The ongoing earnings season on Dalal Street is also lending […]
Multibagger stock shoots up 12% after Jefferies reiterates ‘Buy’
Jefferies’ stance triggered strong buying action in the stock with nearly 30 lakh shares changing hands on the NSE at 10:50 am. The traded value of the shares stood at Rs 2,278.18 crore around this time. Today’s rally was the second successive session of gains in the stock.
IT software and services are going to be two big underpinning drivers in next 2 years: Naveen Mishra
And then finally, the services area where for 2023, we made some adjustments but still we are saying it is about eight plus percentage point growth and moving into 12%, double digit growth for IT services.
Chart Check: LIC breaks out from inverse head & shoulder pattern; what should investors do?
The stock fell more than 30% from its listing day high. LIC listed on bourses on 17th May 2022 and made a high of Rs 920. The stock closed at Rs 622 on 18th July 2023 which translates into a fall of nearly 33%.
$3.7 billion inflows: Here’s what FPIs bought & sold in July
Persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July.
A $46 billion rally shows Indian IT stocks’ woes easing
Gains picked up after Asia’s biggest software services exporter Tata Consultancy Services Ltd. last week reported better-than-expected profits for the latest quarter. Its shares climbed, along with those of peers including Infosys Ltd., which is scheduled to report today.
Yatharth Hospital IPO to open on July 26: 10 key things to know
The Book Running Lead Managers (BRLMs) include Intensive Fiscal Services Private Limited, Ambit Private Limited, IIFL Securities Limited and Link Intime India Private Limited.
Stocks in news: HUL, Infosys, Tata Communications, United Spirits, Shree Cement
Tata Communications reported a 30% fall in net profit at Rs 382 crore for the first quarter ended June. Revenue from operations, however, jumped 11% to Rs 4,771 crore.
Golden Crossovers: These 7 stocks signal further bullishness
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.
At multi-year highs: MRF among 8 stocks that witnessed 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.