CA Rudramurthy on why FII short covering will take market to new highs
“I feel the bottom has already been made. All the bad news is already in the price. Now we are getting global market support as well. Historically, 10 out of 11 times from November to the pre-election which is coming somewhere in May-June 2024, the six-month period has always given a rally of about 10% […]
Zomato m-cap crosses Rs 1 lakh crore mark
Zomato stock which closed nearly 10% higher at Rs 117.90, also crossed a market cap of Rs 1 lakh crore. At the close, its overall market cap stood at Rs 1.01 lakh crore. The results infused a strong buying interest in the counter as 17.36 shares traded on the NSE minutes before the market closing […]
Blinkit turns contribution positive in Q2; GOV rises 86% YoY
The quick commerce company bounced back with a 29% quarter-on-quarter gross order value (GOV), growth following tepid growth in Q1FY24, due to temporary disruptions in the business.
4 FMCG stocks hit 52-week high on Friday, surge up to 20% in a month
In Friday’s trading session, the benchmark index Sensex witnessed a significant increase of around 283 points, closing at 64,364. Within this upswing, 4 stocks belonging to the BSE FMCG index reached their highest prices in the past 52 weeks. The 52-week high is of particular significance to traders and investors, serving as a vital technical […]
Tech View: Nifty forms a bullish inside candle pattern. Can it surpass the 50-DMA level next week?
From a technical standpoint, the weekly chart displays a Bullish Inside Candle formation, with the weekly RSI at 51. On the daily chart, the 50-day moving average acts as a formidable resistance at 19,450 for the Nifty 50.
India’s forex rise $2.6 bn to $586.1 bn as of oct 27
India’s foreign exchange reserves saw a rise of $2.6 billion to $586.5 billion for the week ending on October 27, latest data by Reserve Bank of India (RBI) showed.
Chart Check: Down 13% from highs! It is time to go short on M&M: Expert
Short-term traders can look to sell the stock for a possible target below 1400 levels in the next 1-2 months, suggest experts.
New-age tech stocks remain in MFs’ shopping list in Q2, even as FIIs turned their back
Mutual funds increased their stake in Delhivery, FSN E-Commerce Ventures, One97 Communications, PB Fintech, and Zomato in the last quarter, while FIIs reduced stake in Delhivery, FSN E-Commerce, Paytm parent, and PB Fintech.
Diwali 2023 stocks: RIL, Cipla among top 8 buys from Kotak Securities
Kotak Securities has come out with a list of eight stocks this Diwali for Samvat 2080 based on its assessment of markets and outlook. It finds decent value in a few large-cap stocks and BFSI sector only in light of rich valuations of most stocks in the consumption, investment and outsourcing sectors. As the broader […]
LIC portfolio: Tata Motors, RIL, ICICI Bank among 84 stocks India bull dumped in Q2
An analysis of shareholding patterns of BSE-listed companies shows that LIC dumped at least 84 stocks like Tata Motors, Reliance Industries (RIL), Dr. Reddy’s Laboratories, TVS Motor, Dixon, ONGC, Reliance Power and Tata Elxsi.