Breakout Stocks: How KEC International, Escorts and BSE are looking on charts for Thursday’s trade
Stocks that were in focus include names like KEC International which pared some gains after hitting a 52-week high, Escorts Kubota also closed flat with a positive bias after hitting a fresh 52-week high and BSE pared gains and closed with a loss of nearly 1% on Wednesday.
Fitch cites need for ‘long-term’ fix after US downgrade
The comments by Richard Francis on CNBC came a day after Fitch took the United States’ top-tier AAA rating down a notch to AA+, drawing fiery pushback from the White House and Treasury Department.
US markets may not see lasting impact from Fitch downgrade
Early moves in U.S. financial markets on Wednesday indicated some aversion to riskier assets as investors assessed the impact of the surprise downgrade.
Ahead of Market: 10 things that will determine D-Street action on Thursday
Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The rating was cut on Tuesday one notch to AA+ from AAA, the highest possible rating.
Ashish Kacholia-backed Aeroflex Industries gets Sebi nod for Rs 350 cr IPO
Aeroflex filed its preliminary IPO papers with the regulator in March of this year. Prior to the IPO, prominent investors, including Ashish Kacholia and Jagdish Master, acquired stakes in the company
Mankind Pharma Q1 Results: PAT soars 66% YoY to Rs 487 crore on strong all-round show
Operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter surged 43% YoY to Rs 660 crore, with margins expanding by a staggering 450 basis points to 25.6%.
LIC to announce its Q1 results on August 10
Life Insurance Corp (LIC), India’s state-owned insurance giant, will release its unaudited financial results on August 10. The company’s shares increased by over 6% in the last six months but fell by 9% on a year-to-date basis. LIC’s average target price is Rs 822, with a consensus estimate indicating an upside of 28%
Tech View: Nifty breaks below 20-DMA. What traders should do on Thursday expiry
The daily momentum indicator has a negative crossover which is a sell signal, and the indicator is still away from the equilibrium line indicating that the weakness can continue
‘Don’t get carried away’ by market debacle, says Zerodha Co-founder Nikhil Kamath
In an analysis shared on his official X handle, Nikhil Kamath explained how bull markets, on an average, have lasted around 1 year and 10 months with the most recent 4 bull runs exceeding this average and lasting “over three years”
Ashish Dhawan picks stake in this financial stock, likely exits 2 tech firms
Dhawan picked up a 1.66% stake in Religare Enterprises (REL) – a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking. The value of his holding in the company stands at Rs 94.3 crore, according to Trendlyne data.