Big movers on D-Street: What should investors do with Persistent Systems, Mazagon Dock and Orient Cement?
Sensex and Nifty reach records; globally positive. Persistent Systems rose 3.63%, RSI strong, support at 4500/4400. Mazagon Dock up 20%, targets 5200-5500, support 4000, RSI bullish, Higher High, Higher Low trend. Orient Cement rose 0.082%; needs 320 breakout for 350, support 290-280. Avdhut Bagkar of StoxBox recommends actions.
What Labour victory means for India-UK ties & markets? Arnab Das explains
There is a disconnect where the geopolitical and geoeconomic tensions are high. Still, the reality of the macro on the ground is that the integration continues. So, there is not going to be any big rupture in Asia, but there is going to be a continuing integration or continuing alignment of India and other countries […]
Here’s why Vinit Bolinjkar is bullish on Indoco Remedies
The valuations are very rich, but the momentum is very high out here. And the order wins are good. But if you really want to take a fundamental view in terms of the valuations, I think they are a little stretched out here. And while we obviously would not want to ask people to sell, […]
Bitcoin drops for fourth day even as global stocks hit records
Bitcoin and other cryptocurrencies are experiencing a decline amidst a broader market selloff. Speculators are facing challenges such as reduced demand for US Bitcoin ETFs and uncertainties surrounding government actions. The correlation between Bitcoin and global stocks is weakening, raising questions about the future of crypto investments.
Stocks in news: HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy’s, Lloyds Metals
HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank’s stake to 2.68%. Dr Reddy’s, Sun Pharma recalled items in the US. PNB’s global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank’s deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.
Global stocks hit peak level before US jobs data: Markets wrap
Global equities maintain record highs ahead of US jobs data. Markets anticipate potential Fed rate cuts. Emerging market equities benefit from soft US economic data. UK Labour Party projected to win big, impacting Conservative performance. France prepares for final round of parliamentary elections.