Tech View: OI data hints at sideways movement for Nifty. Here’s what traders should do on Wednesday
The near-term trend of Nifty continues to be positive. Having placed at the crucial overhead resistance around 19,550-19,600 levels, there is a possibility of some more consolidation or minor weakness in the short term before showing any decisive upside breakout of the resistance. Further weakness from here could find support around 19,300-19,250 levels, said Nagaraj […]
Protean eGov Technologies makes a flattish debut. Should you exit or hold?
The stock listed at Rs 792, which is the same as issue price. However, there was some buying interest in the counter post the listing as stock rose about 12% intraday.
Flying start! Muhurat trading turnover at all-time high of Rs 14,091 crore
During the Muhurat trade, as many as 80% of the stocks advanced, 16% declined and 3% remained unchanged. The advance-decline ratio stood at 4.90, staying above 3 for the sixth consecutive year.
Samvat 2080: Stock pickers focus on consistent winners of last 10 years
Among major sectoral indices, BSE Bankex, BSE Energy and BSE FMCG are three indices that have given positive returns in 9 out of 10 last Samvat years.
Gold at three-week low. Will it fall further?
The December gold futures were trading at Rs 59,604 per 10 gram, down by Rs 148 or 0.25% from the Thursday closing price. Meanwhile, the December silver futures were trading at Rs 69,231 per kg, lower by Rs 801 or 1.14%.
Eicher Motors Q2 strong but weaker mix to impact margins. Should you buy stock?
Leading auto company Eicher Motors on Friday posted a 55% growth in its consolidated net profit to Rs 1,016 crore in the September 2023 quarter from Rs 657 crore a year ago.
Coal India earns an upgrade from Jefferies after Q2 beat
“Coal India is trading at a reasonable 6.4x FY25E PE. Its PE contracted from an average 13x over 2011-18 to 6.5x over 2019-23, partly due to ESG concerns on coal, which might get alleviated amid rising power demand in India,” said Jefferies.
Stocks to buy or sell today: NMDC, PFC among top 4 trading ideas
India VIX was up by 1.16% from 10.98 to 11.10 levels on Friday. Volatility was slightly up but created momentum in the indices.
Hot Stocks: Brokerage view on BSE, LIC, Ashok Leyland and Eicher
Investec maintained a buy rating on BSE and raised the target price to Rs 2345 from Rs 2140 earlier.
Goldman Sachs, Morgan Stanley diverge on Fed rate-cut forecasts
The central bank will start cutting rates in June 2024, then again in September and every meeting from the fourth quarter onward, each in 25-basis point increments, Morgan Stanley researchers led by chief US economist Ellen Zentner said in their 2024 outlook on Sunday.