Market dips are buying opportunities, focus on emerging trends: Ramesh Damani
Veteran investor Ramesh Damani advises investors to view market dips as buying opportunities, highlighting defence, commodities, and pharmaceuticals as safe havens. He stresses IT sector adaptability amidst AI’s transformative impact. Damani sees significant potential in India’s defence sector and consumption trends, urging a forward-looking investment approach.
Tejas Networks shares skyrocket 60% in just 4 sessions! What’s triggering the sharp surge?
Tejas Networks shares soared over 15% to Rs 503, marking a 60% surge in four sessions, driven by strong volumes and a new manufacturing deal with NEC for 5G massive MIMO radios. Despite a recent quarterly loss and revenue dip, the company anticipates converting significant inventory into finished goods. This partnership signals international expansion hopes.
Asian Paints, other paint stocks plunge up to 6% as Israel-Iran war fuels rally in crude oil prices: What lies ahead?
Paint stocks like Asian Paints and Indigo Paints plunged up to 6% as crude oil prices surged due to escalating Middle East tensions following attacks on Iran. The conflict, particularly around the Strait of Hormuz, has raised concerns about oil supply disruptions, directly impacting paint companies reliant on petroleum-based derivatives and pressuring their profit margins.
Treasury bonds, dollar remain reliable safe havens in crisis: Peter Cardillo
Global markets opened cautiously as geopolitical tensions escalated, boosting demand for safe-haven assets like the U.S. dollar and Treasury bonds. Oil prices experienced a ‘shock trade’ due to uncertainty surrounding the Strait of Hormuz, a critical energy chokepoint. India and China face significant challenges, potentially impacting their trade and economic stability.
Nifty IT in sell-on-rise mode, may fall another 8-10%: Rupak De
The Nifty IT index faces sustained technical pressure, with recent recovery attempts lacking conviction and failing to alter the bearish structure. Analysts suggest a sell-on-rise bias for the sector, anticipating further downside if key resistance levels remain unchallenged. The market sentiment is cautious heading into March, with potential for a weak first half.
Negative Breakout: These 13 stocks cross below their 200 DMAs
In the Nifty500 pack, 13 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on February 27, 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 […]
Dollar gains, euro sags as Iran war lifts energy prices
Investors sought safe havens as the euro slid and the Swiss franc rose following a U.S. and Israeli bombing of Iran that killed Ayatollah Ali Khamenei, creating a power vacuum and escalating Middle East war risks. Oil prices surged nearly 9% on fears of trade disruption, impacting energy importers like China and Europe.
Break below 25,100 may take Nifty down to 24,300: Analysts
Indian stock market benchmark Nifty faces a weak outlook for the upcoming week. Analysts suggest a potential fall to 24,700 and 24,300 if the 25,100 support level is breached. Investors are advised to consider selling opportunities on any rise.
Oil jumps as Iran conflict escalates, disrupts shipping
Brent crude futures shot up to $82.37, the highest since January 2025, in the first futures trading after the U.S. and Israel launched strikes on Iran and killed its Supreme Leader Ali Khamenei on Saturday. As of 0054 GMT, Brent futures were at $78.24 a barrel, up $5.37, or 7.37%.
Gold climbs 2% as US-Israel strikes on Iran raise regional temperature
Gold prices saw a significant jump on Monday. This surge followed major strikes by the U.S. and Israel on Iran, leading to the death of Supreme Leader Ayatollah Ali Khamenei. The events have heightened global tensions and economic uncertainty. Gold, a traditional safe-haven asset, reached its highest point in over four weeks.