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 […]

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 […]

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.