Tech View: Nifty ends 7-week-long winning run. What traders should do next week
Momentum readings like the 14-day RSI too remain in decline mode after declining sharply from overbought levels on Wednesday. Nifty would need to cross the recent highs of 21,593 to reverse the current downtrend. Crucial supports to watch for re-emergence of weakness are at 21,232, Subash Gangadharan of HDFC Securities said.
Nifty Bank falls more than 1% in a week; breakout above 47,700 may trigger short covering move
The Nifty Bank fell from 48,143 as on 15th December 2023 to 47,491 recorded on 22 December 2023, which translates into a fall of 1.3% in a week. The Nifty50 closed with gains of 94 points at 21,349 on Friday.
Technical Stock Pick: Tata Consumer stock hits fresh record high in December: should you buy, sell or hold?
:Those who missed the rally can still look to buy the stock for a possible break above 1000 levels in the next 3-4 weeks, suggest experts.
LIC shares zoom 7% as OFS overhang eases after Finance Ministry exemption
LIC IPO investors are still sitting at a loss as the stock is trading 13.6% below its issue price of Rs 949. However, in the last few weeks, the stock has seen fresh buying interest. In the last month alone, LIC is up 25%.
Hot Stocks: Brokerages view on Zomato, Delhivery, Adani Ports and Siemens
Brokerage UBS maintained a buy rating on Zomato and initiated coverage on Adani Ports and Delhivery. Motilal Oswal recommended a buy on Siemens.
RBZ Jewellers IPO allotment status: Here’s how you can check
RBZ Jewellers IPO was subscribed 16.86 times. The retail portion was subscribed 24.45 times with over 8.55 crore consolidated share bids received against the quota of 35 lakh shares.
F&O stocks to buy or sell today: ICICI Bank, Maruti among top 6 trading ideas
The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above 21,300 levels on Thursday. The Nifty future closed positive with gains of 0.75% at 21376 levels.
Big movers on D-Street: What should investors do with Piramal Enterprises, Cochin Shipyard and Hindustan Copper?
Stocks that were in focus included names like Piramal Enterprises, which fell 0.21%, Cochin Shipyard, which rose 6.32%, and Hindustan Copper, whose shares jumped 10.6% on Thursday.
Series A to IPO, to series of returns
The sharper focus on the post-listing financials of startups has tempered the exuberance while forcing companies to shift focus from gross merchandise value to unit economics and profitability.
Apex PE-VC body seeks govt’s help to ease AIF curbs
“The industry association had a meeting with senior government officials and expects some relief or clarity within the next 30 days,” said a source at the grouping that represents the interests of private equity and venture funds. The industry has flagged its concerns to the government and the finance ministry is examining these, a senior […]