Stocks to buy: Amara Raja, Vodafone Idea and Siemens on investors’ radar
Stock markets ended a seven-day winning streak as Sensex dropped 728 points due to profit-taking in banking and IT shares. Amara Raja, Vodafone Idea, and Siemens were among the stocks that saw a decline. Analysts suggest watching for breakouts and trend confirmations before making new investments. Siemens remains bullish with potential buying opportunities on dips.
Negative Breakout: 5 stocks cross below their 200 DMAs
In the Nifty200 pack, five stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 26, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a […]
Bharat Forge shares in focus after company strikes defence procurement deal with government
Bharat Forge shares might gain attention due to its recent Rs 6,900 crore contract with the Ministry of Defence for procuring artillery gun systems and vehicles. Currently, stocks are trading below their 200-day SMA but above their 50-day SMA, having shown significant gains over the past month.
Oil up on tighter supply risks; views mixed on Trump’s auto tariff impact
Oil prices have risen slightly due to concerns over tighter global supply amid U.S. threats of tariffs on Venezuelan oil buyers. Additionally, the announcement of a new 25% tariff on imported cars could impact oil demand. Analysts suggest the tariffs might slow the transition to more fuel-efficient vehicles.
Trump presses ahead with auto tariffs, ratcheting up trade war
President Donald Trump announced a 25% tariff on imported cars and light trucks, effective next week. This move is expected to increase car prices and reduce production. Critics, including the European Commission and Canada, condemn the tariffs, while the United Auto Workers support them. Tariff exemptions apply temporarily to USMCA-compliant automotive parts.
Asian stocks drop as Trump saps risk, dollar gains
Indexes in Japan and Australia fell as did equity-index futures for US stocks in early Asian trading. Both the S&P 500 and Nasdaq 100 tumbled the most in two weeks on Wednesday. The dollar extended its gain while the Mexican Peso and the Canadian dollar slipped. Toyota Motor Corp. and Hyundai Motor Co. were among […]
Indian rupee edges higher amid dollar inflows and US tariff concerns
Indian Rupee: The Indian rupee ended at 85.705 per US dollar on Wednesday, gaining marginally amid dollar inflows and financial year-end positioning. Traders focus on upcoming US tariff decisions, while 85.40/$1 acts as a support level for the currency.
KKR may sell $300-m stake in JB Chemicals
The floor price has been set at ₹1,625 per share, a 4.9% discount to Wednesday’s closing price of ₹1,695 on NSE. The base offer comprises 10.6 million shares (6.8% stake) worth ₹1,717.4 crore, along with a greenshoe option of 5.3 million shares (3.4% stake) valued at ₹858.7 crore.
Life insurers gain amid resilient premium collections
Life insurance stocks gained 7-12% since March 13, driven by market optimism and APE growth. HDFC Life is favored for its diversified portfolio and limited ULIP exposure. The sector faces competition amid 100% FDI plans, potentially impacting margins and premium growth.
BoB to double down on retail in growth push
The brisk pace in retail loans will mean the proportion of retail in its total loan book could increase to about 32% in the next three years from 27%. Home loans as a percentage of BoB’s loan book are relatively lower at 51% compared to 55% for larger peer SBI. Mudaliar said early success in […]