Nifty faces stiff resistance at 19,500, likely to weaken further
Stocks like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.
Stocks to buy today: Top 3 short-term trading ideas
On the weekly front, the maximum Call OI is placed at 19,600 and then towards 19,500 strikes while the maximum Put OI is placed at 19,400 and then towards 19,500 strikes.
Positive Breakout: Page Industries & 6 other stocks cross above 200 DMAs
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
At multi-year highs: These 3 stocks witness 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.
At $96.4 billion, Mukesh Ambani is India’s richest and 11th in world
The strong performance of the Indian stock market has boosted Indian billionaires’ wealth. The benchmark Sensex has risen 7.3% since the start of the year. Gautam Adani and Radhakishan Damani are the only ones among the top 15 billionaires to see a wealth decline in the current year.
Baba Kalyani companies dispute Hikal disclosure to bourses
BF Investment (BFIL) and Kalyani Investment Company (KICL) have accused Hikal of making “entirely inaccurate and misleading” disclosure to the stock exchanges, and told the exchanges that they are not a party to any family arrangement concerning equity shares held by them in Hikal.
Auto, pharma stocks offering margin of safety top funds’ buy list in July
Shares in the pharma and automotive sectors were among those that fit the bill. Fund managers lapped up pharma given the recent underperformance, lower input prices and attractive valuations. With first-quarter results encouraging, they bought into stocks like Dr Reddy’s Laboratories, Aurobindo Pharma, and Suven Pharmaceuticals.