Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, 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 […]
West Asia tensions rattle capital goods stocks; L&T, KEC slide
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen & Toubro and KEC International face potential project cancellations and execution delays, impacting their order books and revenue visibility.
Global Market Today | South Korea leads Asian shares higher, gold gains
Asian equities rebounded, tracking US stock gains fueled by positive economic data, despite ongoing Iran war uncertainty. South Korea’s Kospi surged 11%, and the MSCI Asia Pacific Index rose 2.8%. Oil prices continued their ascent for a fifth day, while gold advanced as the dollar weakened.
Oil price up more than 1 % in early Asian trade
Oil prices were up more than one percent in early Asian trade on Thursday off the back of persistent worries about supplies because of the Middle East conflict. But following days of market declines, Asian stocks rose in early trade Thursday.
Qatar halts output: LNG firms tank 5-10% on supply concerns
Liquefied natural gas company shares are falling sharply. Qatar, a major gas supplier to India, has stopped production. This follows an Iranian drone attack on its facility. The West Asia crisis is escalating, impacting global energy markets. India faces significant disruption to its LNG imports. This could lead to higher costs and potential supply cuts […]
Bitcoin surpasses $73,000 as crypto’s coveted volatility returns
Bitcoin surged past $73,000, reaching its highest level in a month, driven by ETF inflows and rising open interest. This rally occurred as Wall Street steadied against Middle East conflict, with Ether also experiencing significant gains. The market is shifting from crisis pricing to consolidation, with short sellers being squeezed out.
Avoid big bets, protect portfolios amid geopolitical tensions: Analysts
Indian equity markets are experiencing a sharp decline. Wealth advisors are now prioritizing portfolio protection over chasing returns. Geopolitical tensions are creating uncertainty in the market. Investors are advised to adopt a wait-and-watch approach. Hasty lump-sum equity allocations are cautioned against. Near-term liquidity needs require careful portfolio review. Diversification remains key for stability.
Pvt lenders to log higher liquidity coverage ratios gains on wholesale deposits
New banking rules starting April 1 will boost liquidity coverage ratios for banks holding more wholesale deposits. Private lenders are set to benefit more as certain wholesale deposits will attract lower run-off factors. This change is expected to improve the overall LCR for banks. Public sector banks may see a smaller advantage from these adjustments.
PNGS Reva shares make a weak start on D-Street debut
PNGS Reva Diamond Jewellery shares began trading on exchanges at a discount. The stock opened lower than its initial public offering price on both NSE and BSE. However, the shares showed resilience. They recovered significantly during the trading session. The stock ultimately closed above its offer price on both exchanges. This marks a positive turn […]
India’s fear gauge logs sharpest spike since Covid shock in 2 days
India’s fear gauge for stocks has seen its biggest jump in six years. The VIX climbed nearly 50% in two days, reaching its highest in 10 months. This surge reflects global uncertainty from attacks on Iran. Analysts warn of continued market pressure until geopolitical tensions ease. Investors are advised to remain cautious and consider hedging […]