Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on May 29, 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 […]
Trent nears record date for 1:2 bonus issue: Should you buy shares for bonus reward? Here’s what experts say
Trent’s bonus share issue is approaching its record date of June 4. The company will issue one bonus share for every two held. Analysts suggest investors should not buy Trent shares solely for the bonus. Focus should remain on the company’s growth and earnings potential. Trent’s stock has seen a decline over the past year […]
RBI likely to keep status quo on policy rate as threats loom
A majority of economists polled by ET predict the Reserve Bank of India will hold its policy rate steady at the upcoming June meeting. This decision comes amid concerns over geopolitical tensions and adverse weather forecasts, which threaten economic growth and could fuel inflation.
Momentum in mid-& small-caps to fuel fresh derivatives plays
Mid and small-cap stocks are outperforming, driving activity in stock futures. Analysts highlight GE Vernova T&D India, CAMS, Suzlon Energy, GMR Airports, and Siemens as top derivatives bets for June, citing technical breakouts and positive price action. Conversely, Mahindra & Mahindra shows signs of a fresh short buildup.
Global Market Today: Asian stocks count on AI boom to offset Gulf risks
Asian markets rose Monday, buoyed by AI demand, despite Middle East tensions impacting oil prices. Investors await U.S. payrolls data, with the Federal Reserve’s rate hike outlook influencing currency markets. Gold remained stable as inflation hedges saw little support.
Banks seek easing of guarantee curbs to draw more NRI funds
Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks want to revive a special deposit scheme for foreign currency non-resident accounts. This could help increase dollar supply. The Reserve Bank of India is considering the proposal.
Share of term deposits below 7% jumps as banks reprice liabilities
Bank term deposits under 7% surged to 61.8% in FY26 due to 125 basis points of policy rate cuts. Depositors shifted to longer maturities, with one-to-three-year tenures rising to 69.8%. Term deposits now form 61.6% of overall deposits, a structural shift from savings accounts.
Nifty has a positive undertone, but Street waits for a decisive breakout
Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include Tata Power, Sona BLW, L&T, Indian Energy Exchange, Nuvama Wealth Management, and Syrma SGS Technology for potential gains.
FPI selling puts June rally at risk, midcaps may march on
Indian equities face a challenging June, with geopolitical tensions and foreign selling clouding the outlook for large caps. Mid and smallcap stocks, however, show potential for continued gains as domestic investors seek opportunities beyond blue chips. Analysts suggest buying dips in June for a potential July rally.