PSU stocks, capex theme unlikely to top charts in 2025: Jimeet Modi
Having said that geopolitical issues will continue to dominate the performance of the stock market across the globe. Despite the continuation of the war between Russia-Ukraine, our markets have delivered double digit return year-till date (YTD). Going forward, regime change in the US and the policy pronouncements of the new dispensation will weigh heavily on […]
BEL shares jump 1% after Rs 973 crore order win; FY25 order book reaches Rs 9,801 crore
BEL Share Price: Bharat Electronics Ltd (BEL) shares increased by 1% after securing new orders worth Rs 973 crore since December 9. This brings BEL’s total order accumulation for FY25 to Rs 9,801 crore. The state-run firm enjoys a solid order book and is on track to meet its full-year order inflow guidance of Rs […]
Nava shares jump 4% after shareholders approve 1:2 stock split
Shares of Nava Ltd are expected to be in focus on Monday after the ferro-alloy manufacturer received shareholder approval for a stock split, which will reduce the face value of each equity share from Rs 2 to Rs 1. The approval was obtained through a postal ballot process that concluded on December 21, as per […]
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 23, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Stocks to buy today: SAIL, Aurobindo Pharma and Piramal Enterprises on investors’ radar
Stocks to buy today: Stocks that were in focus include names like SAIL, which rose 4% and Aurobindo Pharma, which gained 1% and HPCL, whose shares declined nearly 1% on Monday.
Apple approaches $4 trillion valuation as investors bet on AI momentum
The latest rally in Apple shares reflects “investor enthusiasm for artificial intelligence and an expectation that it will result in a supercycle of iPhone upgrades,” said Tom Forte, an analyst at Maxim Group, who has a “hold” rating.
US Fed floats major changes to bank stress tests in light of legal rulings
The U.S. Federal Reserve is planning major changes to annual bank stress tests. Banks may be allowed to comment on the models and scenarios used. This follows recent court rulings affecting administrative law. These changes could reduce annual volatility in capital requirements. Industry groups have welcomed the move as a step towards transparency and accountability.
Coforge, Cigniti forge ahead with proposed merger
Coforge and Cigniti Technologies are progressing towards a merger, with EY and Axis Capital preparing terms for shareholder approval. Coforge plans to absorb Cigniti, with shareholders receiving Coforge shares based on a determined swap ratio. Coforge’s market value has doubled recently, and the acquisition aims to leverage synergy in client locations.
Asian stocks in narrow ranges after US tech boost
Shares swung between gains and losses in Japan and edged lower in Australia, with shortened sessions in Hong Kong and Sydney for Christmas Eve. US equity futures were little changed in Asia after a gauge of the “Magnificent Seven” technology megacaps rose 1.4% Monday, offsetting weaker-than-expected US consumer confidence data.
Sensex, Nifty break 5-day losing streak
The Volatility Index or VIX – the market’s fear gauge – plunged 10.3% to 13.52 on Monday, suggesting traders see lesser risks in the near term. But, it may be too early to confirm the uptrend, said some analysts.