Big movers on D-Street: What should investors do with Welspun Corp, Vipul Organics and HDFC Bank?
Stocks that were in focus include names like Welspun Corp, which rose 2.81%, Vipul Organics, which gained 19.56%, and Welspun Corp, whose shares fell 2.8% on Tuesday.
Positive Breakout: These 3 stocks close cross above their 200 DMAs
In the Nifty500 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 1, according tostockedge.com’s technical scan data.
Fed hawks and doves: What US central bankers are saying
U.S. central bankers reduced the interest rate target by half a percentage point in September. Federal Reserve Chair Jerome Powell stated that this significant reduction shows confidence in reaching the 2% inflation target, and it should not indicate future cut rates’ pace. Policymakers are divided between focusing on inflation risks and labor market concerns.
Mankind may end up spinning out a winner in consumer brands unit
The company entered the OTC business in 2007 and it has grown to have established brands such as Manforce, HealthOK, Prega News, AcneStar, Unwanted and Gas-O-Fast. Four of its brands ranked No.1 in their respective categories.
Non-ferrous metals poised to outshine gold, signals show
While gold has seen an impressive 43% return in the past year, signs from the US and other parts of the world suggest a shift to non-ferrous metals. With US
Japanese stocks rise as PM’s comment weakens Yen
The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy isn’t ready for another hike. The currency fluctuated near 146.50 per dollar Thursday, near its weakest level in a month.
Iran-Israel clash may spill over to Dalal Street
Indian markets were closed on Wednesday. Elsewhere in Asia, South Korea declined 1.2% and Japan declined 2.2%. Taiwan rose 0.75% and Hong Kong jumped 6.2%, maintaining its newfound bullish momentum, driven by China’s stimulus package to revive its economy.
Gold makes a new high of Rs 78,300 on safe-haven, festive demand
Kumar Jain, spokesperson of the India Bullion & Jewellers Association (IBJA) said, “Zaveri Bazaar is buzzing with activity as there is a surge in gold prices. The footfalls have increased by up to 20% on Wednesday compared to a week ago.”
Trade volumes in decline, likely to fall further with Sebi’s curbs
The average daily trading volume (ADTV) in the equity segment of both BSE and NSE combined dropped 21% in September to ₹1.30 lakh crore, compared to June’s turnover of ₹1.65 lakh crore per day. Between July and September, the benchmark Nifty, Nifty Midcap 150 and Nifty Smallcap 150 rallied between 7% and 7.5%.
Momentum funds with 4x rise in assets in a year a ‘long-term option’ for now
Assets under management of momentum-oriented equity mutual funds surged more than fourfold to ₹15,147 crore in August 2024, from ₹3,500 crore in September 2023, with investors allocating capital to a mix of active and passive momentum schemes. Rich investors also allocated money to momentum strategies in portfolio management schemes (PMS).