Gold might trade with a bearish bias next week as short-term macro headwinds persist
Gold prices started the week negatively as mixed US data and weak European economic data increased the strength of the greenback. Although the dollar index started to ease on Tuesday, it recovered during the first half of the week due to positive Chinese sentiment and an upcoming FOMC meeting.
Nifty strategy: Keep stop loss at 19,500 for long positions, says ICICIdirect
ICICI Securities recommends selling the 3rd August Nifty 19650 call between 95-100 and setting a stop loss of 5 with a target price of 50; the same condition is advised for selling the 3rd August 19650 call. The Nifty is expected to remain at 19500-19800 levels in the near future. According to the India VIX, […]
Corporate actions this week: L&T, Maruti Suzuki to go ex-dividend, Piramal Pharma right issue and more
Several Indian companies will trade ex-dividend this week, including L&T, Crisil, Coforge, Maruti Suzuki, and Kotak Mahindra Bank. Ex-dividend is when the equity-share price of a company is adjusted for the dividend payout, occurring one or two working days before the record date. The record date lists all shareholders that will qualify for dividends by […]
Breakout Stocks: How are Intellect Design, Ajanta Pharma and NCC looking on charts for Monday’s trade?
Sectorally, buying was seen in utilities, power, realty, and public sector stocks while selling was seen in IT, banks and oil & gas. Stocks that were in focus include names like Intellect Design Arena which rose by about 20%, Ajanta Pharma gained more than 4% and NCC closed with gains of over 7% to a […]
Trading Guide: Bajaj Auto among 6 stock recommendation for Monday
Indian equities on Friday ended on a weak note in a range bound trade for the second consecutive day. Sensex settled with a cut of 107 points at 66,160, after falling below 66,000 in intraday trade for the first time in 2 weeks, whereas Nifty ended with a minor cut of 14 points at 19,646. […]
FPI buying nosedives 94% week-on-week; are dollars taking a “U” turn on Dalal Street?
Foreign portfolio investors’ (FPIs) buying spree in Indian equities appears to be losing steam, with net investments of just Rs 468 crore in domestic markets last week, compared to Rs 7,804 crore in the preceding week. The benchmarks Sensex and Nifty 50 witnessed their first weekly loss in five weeks as investors took partial profits. […]
Missed Q1 earnings this week? Here’s a snapshot
Tata Steel reported its consolidated net profit fell 92% year-on-year to Rs 634 crore for the first quarter ended June. Its revenue from operations fell 6% to Rs 59,490 crore in the first quarter, compared with Rs 63,430 crore in the same quarter of last year.
Unleashing the bulls: How the stock market achieved unprecedented record levels
These circumstances led to unbiased selling in emerging markets as investors sought safer assets with higher yields, further exacerbated by the strengthening of the US Dollar. The collective occurrence of these events elevated the geoeconomic risk landscape to structurally higher levels
SBFC Finance and 4 other IPOs set to hit the Street this week. Check details
The next week is set to be busy for Dalal Street with five IPOs, including both main board and SME, to hit primary markets. SBFC Finance’s IPO has a price band of INR54-INR57 per share, raising INR600 crore and issuing fresh equity of shares. Concord Biotech, backed by private equity firm Quadria Capital, will launch […]
Raamdeo Agrawal on GenNext & art of delegation, doubling net worth in 5 years & more
Motilal Oswal Financial Services Ltd (MOFSL) Chairman Raamdeo Agrawal has said that his company is as digital as any other competitors and has not been left behind by the digital age. Agrawal said the company is still experiencing growth and he believes that growth is going to continue increasing for at least 5-10 years. Agrawal […]