Tech View: Nifty50 sets its eyes on 21,000-mark. What traders should do on Wednesday
The huge opening upside gap of Monday and another opening upside gap of Tuesday remained open. As per the gap theory, the recent opening upside gaps could be considered as a bullish runaway gap, and this indicates that the Nifty50 is in the middle of a sharp uptrend, said technical research analyst at HDFC Securities.
Are FIIs and their favourite largecap banks going to lead the next leg of market rally? Mayuresh Joshi answers
“A proxy to the Indian economy, L&T has been playing this very, very well over the last few years and will continue to do so over the next few years. And with the visibility that we are seeing in terms of capex and infrastructure spending, Sanghvi Movers can be one stock where utilization levels can […]
Chart Check: IOC rallies over 24% in a month! hits a fresh 52-week high in December – should you buy or book profits?
It rose from Rs 89.70 as on 31st October 2023 to Rs 111.25 recorded on 1st December 2023 which translates into an upside of 24% in a month. It has rallied more than 10% in a week.
Nifty Bank breaches 47,000 mark; will the bull run continue on Wednesday?
The Nifty Bank index opened strong and continued its bull run but it failed to hold on to the momentum and witnessed some profit booking at higher levels. The index formed a ‘Doji’ kind of candle on the daily charts which suggests indecisiveness among the bulls and bears.
Raining Gains! 2-day bull run takes Adani Group’s market value past Rs 13 lakh crore mark
This is the first time that the group’s shares touched the Rs 13 lakh crore mark after facing a decline earlier this year following a report by American short-seller Hindenburg Research, which alleged financial wrongdoing and stock manipulation by the conglomerate.
Gautam Adani is now 16th richest globally after wealth tops $70 billion
Adani is the second-richest Indian in the list and behind Mukesh Ambani, who has an estimated total net worth of $90.4 billion and is at the 13th spot. His net worth has grown by over $3.33 billion in 2023. The Adani group stocks have been on a roll following the Bharatiya Janata Party’s (BJP) election […]
Gold Rate Today: As yellow metal trades at historic highs, is it time to book some profits?
MCX February gold futures were trading at Rs 62635 at the opening time, up Rs 266 or 0.43% from Monday’s closing price. Meanwhile, the March Silver futures were trading at Rs 76,220 per kg, higher by Rs 52 or 0.07%
F&O stocks to buy today: SBI, ICICI Bank among top 9 trading ideas for 5 December 2023
Positive setup was seen in HPCL, Ambuja Cement, Eicher Motors, BPCL, ICICI Bank, IOC, GAIL, Canara Bank, REC, L&T, HDFC Bank, DLF, Bajaj Auto, Bharti Airtel, etc, among others. Since it is the beginning of the new expiry, Options data is scattered at various strike prices. On the weekly options front, the maximum Call OI […]
Stocks in news: Mamaearth, JSW Infra, Max Financial, HCL Tech, DCB Bank
Bank of India is likely to launch qualified institutional placement of Rs 3500-4000 crore, CNBC TV18 reported.
Hot Stocks: Brokerages view on HCL Tech, M&M Finance, L&T Finance & UltraTech Cement
Nomura maintained a neutral rating on HCL Technologies with a target price of Rs 1,200. After the divesture, HCL would lose $97 million or 80 bps of its current revenues. As a part of this divesture, HCL would receive $170 million + net book value on the date of closing.