Chart Check: Time to buy? ITC likely to surpass 500 levels and hit fresh record highs in 3 months
The stock is down by about 0.5% in a week compared to over 2% gain seen in the S&P BSE Sensex in the same period. It rose more than 4% in a month compared to 9% gain seen in the benchmark index.
Stocks to buy today: 9 short-term trading ideas by experts
For today, analyst Rupak De, LKP Securities said that the prevailing sentiment appears strongly in favor of the bulls, as indicated by the absence of any reversal signals on the technical charts. Resistance is observed at 21,500, while a potential further rally in the Nifty could occur upon breaching this level, he said, adding that […]
Big movers on D-Street: What should investors do with PNB, PB Fintech and Deepak Nitrite?
Stocks that were in focus included names like PNB, which rose 1.33%, PB Fintech, which fell 2.15%, and Deepak Nitrite, whose shares declined 1.33% on Friday.
Week 7 & counting: Will markets go 1 step forward or 2 steps back?
That’s the question market watchers will be pondering over in the next few days, as data from the past decade show the market tends to be vulnerable to declines after a seven-week winning run.
Split money across two SGB tranches, gold prices have support, say Analysts
The third tranche of the SGB in this financial year is available for subscription December 18-22, while the fourth will open in February. Investors will have to pay ₹6,149 per gram of gold after a discount of ₹50 per gram for digital payments. This is ₹276 per gram higher than the price during the second […]
RIL biggest wealth creator from 2018 to 2023: Study
“A low-profile company, Lloyds Metals, has emerged the fastest wealth creator with 2018-23 price CAGR of 79 per cent,” it said. Adani Enterprises Ltd, the flagship incubator firm of the Adani Group, is a close second with a CAGR of 78 per cent
Borrowing costs rise for NBFCs and companies
Cost of borrowing for companies, banks and non-banks through commercial papers (CP) and certificates of deposits (CD) has increased 15-25 basis points (bps) over the past month, data from Clearing Corporation of India (CCI) showed. One basis point is 1/100th of a percentage point. The increase in borrowing costs – particularly in the crowded three-month […]
Nifty rally likely to continue, 21,700-21,800 levels possible
On the weekly chart, the index has formed a long bullish candle, forming a higher high-low compared to the previous week, and has also closed above the same, indicating a positive bias.
Banks open to exploring a pact on sharing default info with rating firms
For the first time, leading banks have said they are willing to explore an arrangement for sharing some information on corporate defaults with rating companies. At a meeting last week, officials of some of the large state-owned and private sector banks told CRAs that they are open to the idea and would await the agencies […]
Familiar names throw their hats in 2024 IPO market revival ring
Though bankers remain broadly upbeat about 2024, even they admit that after months of headfakes failed to sustain activity, a true return to health could take months. “It would be premature to say that there’s a normalized IPO market right around the corner,” said Eddie Molloy, Morgan Stanley’s co-head of equity capital markets Americas.