Mark your calendar! These key events may move stock markets in May
Here’s a look at other key macro events that can impact the stock markets this month
Technical Breakout Stocks: REC, CESC and Power Grid hit fresh highs; here’s how to trade power stocks on Friday
Rally was seen in power and utilities indices, which were up over 1% each, followed by gains in auto and metal stocks. Some profit taking was seen in banks, telecom and consumer durables.
Moneymakers! ICICI Bank, UltraTech among 5 stock ideas for up to 28% upside
Tech View: Nifty bulls using every dip to go long. What traders should do on Friday
The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide below the support could trigger some more weakness ahead, Nagaraj Shetti of HDFC Securities said.
Adani Wilmar food business should double for next 3-5 years: Angshu Mallick
Adani Wilmar expects improved margins in FY25 with a focus on oil meal products and distribution efficiency. Angshu Mallick foresees doubling the food business volume to two million tonnes in the next four years.
Kotak Mahindra Bank shares fall 4% to fresh 52-week low on another bad news
Kotak Mahindra Bank’s shares plummeted 4%, hitting a new 52-week low of Rs 1,561 following Joint MD KVS Manian’s resignation. Nuvama downgraded the stock from buy to reduce. Earlier, RBI restrictions caused a 10% decline last week.
Bitcoin slump triggers warning of ‘trouble ahead’ for global markets
The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX digital-asset empire imploded in November 2022. The token changed hands at $57,359 as of 11:17 a.m. Thursday in Singapore, around a two-month low.
F&O stocks to buy today: NBCC, Voltas among top 9 trading ideas
Positive factors that could support the uptrend include record-high GST revenue, FIIs and DIIs being net buyers, and WTI oil prices falling below $80 a barrel.
Big movers on D-Street: What should investors do with Star Health, M&M and Tata Chemicals?
Stocks that were in focus include names like Star Health, which rose 1.69%, M&M, which increased 4.63%, and Tata Chemicals, whose shares declined 2.49% on Thursday.
Capacity addition, project viability bring zing to hydropower stocks
India has a hydropower potential of 250 GW of which only 21% is tapped. Since hydropower has one of the lowest greenhouse emissions, it is a preferred source of renewable energy. Despite that, the addition to hydropower capacity in the country was dismal due to long delay in environmental clearance and long gestation period in […]