Stocks to buy today: Angel One, HPCL and Anant Raj on investors’ radar
The Nifty index saw a sharp drop on Friday, with stocks like Angel One and HPCL declining. Analyst Pravesh Gour suggests Angel One could find support at 2800, while HPCL needs a breakout above 420. Anant Raj, near its all-time high, shows strength and may target 1000.
Zomato shares in focus as Sensex entry likely to attract $513 million inflows
Zomato will replace JSW Steel in the BSE Sensex on December 23, becoming the first new-age tech company to join the index. This move is projected to bring $513 million into Zomato. Zomato’s stock has surged significantly in the past year, outperforming the Sensex. The company’s improved financials and successful relaunch of Zomato Gold contributed […]
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers. This is expected to change given the improvement in the margin for the six months that ended September 2024 due to rising operating efficiency.
Asian shares rally on US inflation relief
After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due. There are no Federal Reserve speeches and U.S. data is of secondary importance.
IPO fundraising touches a record Rs 1.6 lakh cr in 2024
This exceptional year not only reflected the confidence of issuers but also highlighted investors’ eagerness to seize listing-day gains or back companies with strong long-term growth potential.
Bank deposit rates to stay firm in Q4 as loan demand peaks
Bank deposit rates are expected to remain steady. Lenders need funds for increasing loan demands. The recent CRR cut offers some relief but the busy credit season keeps pressure on. Credit growth is around 10.6%. Deposit growth is similar. Liquidity is tight. Short-term rates are rising. Banks are working hard to attract deposits by offering […]
More than half of Nifty 500 stocks now in downtrend
Of the 492 stocks on the NSE 500 stocks with 200 DMA data available, 268 are now trading below it. Last week’s sell-off has had a bigger impact on the market trend than the weakness in the whole of October when less than 5% of the NSE 500 stocks traded below the 200-DMAs.
Nifty’s 200-DMA key level to watch, determine trend: Analysts
Nifty is trading around the 200-day exponential moving average (23,691), which is likely to provide some relief after a 4.7% correction last week. Positive global cues should act as a supporting factor.
A Nifty bounce after gap-down may happen this time too
A gap-down happens when a stock opens at a much lower price than where it closed the day before, leaving a ‘gap’ on the price chart that’s considered a sign of investor panic. The Sensex and Nifty fell 1.5% the next day.
RBI denies banks extra time to label dodgy borrowers as willful defaulters
RBI has shortened the timeframe for classifying wilful defaulters. Banks now have six months to complete the process. This decision aims to prevent asset value decline. The process involves internal committees and hearings with borrowers. Borrowers deliberately delaying proceedings prompted the RBI’s action. This move protects lenders and maintains financial stability.