Shriram Finance, Tech Mahindra among 6 Nifty 50 stocks that hit fresh 52-week highs on Tuesday
Indian stock markets ended the day relatively unchanged on Tuesday, with gains in financial stocks counterbalancing losses in the energy and consumer sectors.
Tech View: Nifty forms neutral Doji candle on daily chart. Here’s how to trade on Wednesday
To gain momentum, the market needs to break through recent highs soon. Key support levels to watch are 24,975 and 24,850, while resistance is expected at 25,080-25,100 and then at 25,400. Traders should closely monitor these levels to make informed decisions, according to Rajesh Bhosale of Angel One.
BSE arm unveils new Sensex Next 30 index, tracking performance of top 30 stocks beyond Sensex
The 30 stocks in the index are weighted according to their free-float market capitalization. The index includes companies from various sectors, such as financial services, consumer discretionary, energy, commodities, healthcare, industrials, FMCG, IT, and utilities.
Quality of companies coming for IPO far superior to what we saw 20 years ago: Pranav Haldea
Pranav Haldea from Prime Database Group stated that exits worth Rs 4.27 lakh crore this year mark a maturing capital market. Such exits allow for new capital deployment. Over Rs 16,000 crore was raised in August, hinting at strong ongoing market momentum with numerous companies filing for IPOs in 2024.
What should investors do with ZEE stock post Sony-Zee agreement? Karan Taurani answers
And I think there are triggers to reach that margin. If you look at the losses in Zee5, they have been converging. If you look at a lot of efficiencies around employee cost, technology cost, other expenses put together.
Premier Energies IPO fully subscribed on Day 1. Check GMP, other details
Premier Energies’ IPO opened today, attracting strong interest with 57% subscription, mainly from retail and non-institutional investors. The IPO includes a fresh equity issue of Rs 1,291 crore and an Offer for Sale up to 3.42 crore shares. Analysts recommend subscribing due to the company’s robust order book and promising growth in the solar energy […]
Chartbuster PSU mutual funds nearing rock bottom. Time for a portfolio rejig?
PSU mutual funds, which had previously shown strong returns, have recently experienced a performance dip, with a 4.34% return over the past three months. Financial experts advise investors with a 4-5 year horizon to consider these funds for better potential returns, highlighting the importance of a long-term perspective.
Fed rate cut in Sept may not bring in FII money immediately; RBI may not lower rates before CY25: Harsha Upadhyaya
Harsha Upadhyaya of Kotak AMC highlighted that a U.S. Fed rate cut could have limited impact on Indian markets, as this possibility may already be considered. He suggested that India’s rate cuts might occur post-December or in 2025, with the current market reflecting these expectations. The interest rate climate usually favors valuations and sensitive sectors.
Why is Bengaluru and Hyderabad real estate booming? What’s making micro markets surge? Anuj Puri answers
Anuj Puri from Anarock Group highlighted the surge in real estate demand in India due to Global Capability Centres from the US and a thriving startup ecosystem. Cities like Bengaluru and Hyderabad have experienced notable growth. He emphasized that the market remains balanced between supply and demand, supported by better infrastructure and connectivity.
Rocket Returns: This Madhusudhan Kela and Sunil Singhania-owned smallcap stock has rallied 45% since April QIP
Shilpa Medicare, held by Madhusudhan Kela and Sunil Singhania, has returned 45% since its QIP allotment four months ago. Singhania’s Abakkus Diversified Alpha Fund-2 received 6 lakh shares, while Kela’s Cohesion MK Best Ideas Sub-Trust was allotted 8.79 lakh shares.