At multi-year highs: These 6 stocks witness 5-year swing high breakout
In the Nifty500 pack, we have collated a list of five stocks that witnessed a 5-year swing high at the close on October 11, suggesting bullishness in counters, according to stockedge.com’s technical scan data.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant […]
Oil prices fall by more than a $1 on Chinese economic data
Oil prices dropped by a dollar in early Asian trading on Monday, following disappointing Chinese inflation data that heightened concerns about demand, with Brent crude futures at $77.92 and U.S. West Texas Intermediate at $74.49 per barrel amid uncertainty over potential economic stimulus measures.
US consumer in focus as earnings season heats up
The benchmark S&P 500 is set to post its fifth straight weekly gain and is hovering near a fresh record high after rising over 21% this year.
Patients, insurers feel the pain as hospitals take to ‘surge pricing’
Hospitals in India introduce additional charges, such as disinfection fees and peak operation theatre charges, leading to a 20% rise in medical costs. Insurers struggle as previously bundled services are unbundled, causing unpredictability in healthcare expenses and potential increases in insurance premiums.
Nifty looks oversold, may pull back to 25,500: Analysts
As both indices have reached near monthly support levels, along with current oversold positions, traders can expect a bounce from the current level. Nifty may bounce toward the 25,250-25,500 level and Bank Nifty to 52,200-52,800 in the coming days.
Hyundai offer has some appeal, but may not give investors first-mover advantage
Hyundai Motor India plans to raise up to Rs 27,870 crore through an OFS, reducing Hyundai Motor Company’s stake from 100% to 82.5% to meet regulatory requirements. Facing market share erosion and heightened competition, the company aims to increase capacity and launch new models to boost growth.
Wipro board to consider issuing bonus shares
In an exchange filing, the company stated that its board would discuss the proposal for issuing bonus shares in accordance with the applicable provisions of the Companies Act, 2013, during a meeting scheduled for October 16-17.
Demand drivers in place for Aluminium producers to shine
The firm said the rapid growth in the solar sector, battery industry, and Chinese consumption have led to demand outstripping supply. It has given ‘buy’ calls on Nalco and Vedanta, while maintaining a ‘reduce’ on Hindalco.
Sitting On Cash? Beaten down stocks you could buy to book big upsides
After the drop, these stocks can potentially deliver 20% to 50% returns based on the average target prices set by analysts. For example, microfinance firm CreditAccess Grameen has declined 16% in the last three months.