Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty500 pack, 10 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on April 2, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates the stock’s price is below its long-term trend line. The 200 DMA is used as a key […]
Safety Controls IPO opens today. Check GMP, price band, subscription and other details
Safety Controls and Devices’ Rs 48 crore IPO opened with a flat grey market premium, signaling cautious investor sentiment. The company, an EPC player in substations and solar projects, aims to raise funds for working capital and debt repayment. Despite a solid anchor investor base and government-linked projects, execution risks and SME liquidity are key […]
Oil Price Today (April 6): Crude oil reclaims $110 as Trump warns of hitting Iran’s power plants. Where are prices headed?
Oil prices are climbing due to worries about supply disruptions in the Middle East. The ongoing conflict involving Iran and the U.S. is impacting market sentiment. Experts predict prices could reach $150 per barrel if tensions persist. The Strait of Hormuz closure is a key concern for global supply chains.
Bank stocks’ $95 billion rout may deepen on macro risks
Indian bank stocks face further pain as the central bank’s currency market actions and rising energy prices dampen profit outlooks. Tightening financial conditions and potential derailing of credit recovery threaten loan growth, leading to significant investor withdrawals and market value losses for the Nifty Bank Index.
Global Market Today: Oil gains as Trump escalates threats, Asian stocks waver
Oil prices are rising sharply. President Trump has signaled a major escalation in the Iran conflict. This raises fears of an energy shock impacting the global economy. Asian stocks saw a slight increase. Investors are closely watching military actions and the Strait of Hormuz. Inflation data is also a key focus for markets.
Oil prices rise as US-Israeli war with Iran continues to disrupt supply
Oil prices surged Monday amid escalating fears of supply disruptions in the Middle East due to the ongoing U.S.-Iran conflict. The Strait of Hormuz remains largely blocked, forcing refiners to seek alternative crude sources. Despite a modest OPEC+ output increase, key producers face limitations, while Russian supply also sees disruptions. Tensions remain high as ceasefire […]
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delays
Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could impact genuine trade hedging. Corporates face challenges with payment delays and longer cargo movements due to global conflicts. Industry bodies are expected to formally raise these concerns with the RBI.
Oversold market spurs selective buying as analysts eye breakout stocks
Analysts are favoring selective bullish bets on individual stocks despite market pressure, driven by oversold conditions and potential short-covering rallies. Key derivative picks include Titan Company, Adani Power, and ABB India, with analysts anticipating positive Q4 earnings and favorable price movements. Conversely, PG Electroplast is identified as a bearish bet due to a breakdown in […]
Sadbhav Lenders turn down NARCL offer, settle it out of court
Sadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led plan was approved by lenders. The company finalized a ₹1,517 crore restructuring package. This move aims to resolve stressed assets outside insolvency courts. The agreement involves convertible debentures and equity conversion. Lenders include PNB, Union Bank of […]
RBI may keep rates unchanged, focus on rupee stability and bond yields
The Reserve Bank of India is widely expected to maintain interest rates and its policy stance unchanged due to global economic uncertainties, including the US-Israel conflict impacting energy prices and fiscal deficit concerns. Policymakers will closely monitor the rupee’s performance and potential capital outflows, with the RBI possibly considering measures to support the currency without […]