Tech View: Nifty forms bullish engulfing candle. What should traders do on Friday
Analysis of Nifty Put options indicates a concentration of Open Interest (OI) at the 22,500 level, suggesting potential support. On the Call side, significant OI concentrations are observed at the 22,900 and 23,000 levels, nearing all-time highs.
Technical Breakout Stocks: How to trade SBI, Hitachi Energy and Aditya Birla Capital on Friday
SBI shares had been in a consolidation zone of Rs 720-790 for almost two months now and on Thursday it gave a channel breakout with good volumes. With the Daily Relative Strength Index (RSI) on the verge of entering an extremely bullish zone, this stock can touch the Rs 850-860 zone in the short term.
FIIs, MFs trim stakes in these 6 stocks for 3 straight quarters
LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore
LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore. Market cap of PSU stocks rises to Rs 67 lakh crore.
Vedanta Q4 results today: What to expect & key things to track from earnings
Vedanta’s Q4 results expected to show decreased net profit and revenue. Production increases noted. Key factors include EBITDA performance, commodity prices impact, and updates on parent debt and demerger status.
Hot Stocks: Brokerage view on Dalmia Bharat, Axis Bank, Kotak Bank and Aurobindo Pharma
Morgan Stanley reiterated its overweight rating on Dalmia Bharat, while Macquarie advised an outperform rating for Axis Bank. Jefferies sustained a hold rating on Kotak Mahindra Bank, and Investec endorsed a buy rating for Aurobindo Pharma.
Q4 results today: Bajaj Finance, Nestle, Tech Mahindra among 44 companies to announce earnings
44 companies, including Nifty50 components like Bajaj Finance, Nestle, and Tech Mahindra, will reveal their earnings. Bajaj Finance may see a 22% rise in net profit, while Nestle expects a 17% profit jump, and Tech Mahindra anticipates a challenging quarter ahead.
F&O stocks to buy today: ICICI Bank, NMDC among top 9 trading ideas
On the options front, the maximum Call OI is placed at 22500 and then towards 22700 strikes while the maximum Put OI is placed at 22000 and then towards 22300 strikes.
This is the time to have more asset-heavy stocks & sectors. Ishmohit Arora explains why
Ishmohit Arora discusses the shift from asset-light to asset-heavy businesses due to inflation. He analyzes sunrise industries, power transmission capex, and advantages for incumbents in asset-heavy sectors during inflationary periods. Arora says: “Asset-heavy businesses are sitting on operating leverage, financial leverage, and a non-linear jump in profitability will be seen.”
Big movers on D-Street: What should investors do with SAIL, MCX and Tata Elxsi?
Stocks that were in focus included names like SAIL, which rose 7.36%, MCX, which was down 4.63%, and HUL, whose shares declined 4.65% on Wednesday.