Stocks in focus: GIFT Nifty traded 0.01% higher during Thursday’s early trading session at 19,480.5, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. The equity benchmarks closed flat on Wednesday, paring most intraday gains. Nifty 50 settled higher by 0.02% at 19,347.45 while Sensex gained 65,087.25, higher by 11 points. […]
Month: November 2023
Nifty in a short term uptrend; Galaxy Surfactants, Balaji Telefilms among stocks to buyNifty in a short term uptrend; Galaxy Surfactants, Balaji Telefilms among stocks to buy
By Subash Gangadharan On the daily chart we observe that the NSE Nifty remains in a short term uptrend. It has been continuously making higher tops and higher bottoms for the last several sessions after taking out the previous swing high of 19,524. With the 14-week RSI at 74.36 and not extremely overbought, we expect […]
Eid Mubarak! Take a glimpse of the festival from across India – See Beautiful PHOTOSEid Mubarak! Take a glimpse of the festival from across India – See Beautiful PHOTOS
1/10 Eid-ul-Fitr was celebrated across the country on Saturday as people gathered in large numbers at mosques, praying for peace and prosperity in the nation.Across India, Eid-ul-Fitr was celebrated after the crescent Moon was sighted on Friday evening. The festival marks the end of the fasting month of Ramzan.Like every year, additional cops were deployed […]
IT companies bracing up for muted Q3 earnings on lower deal wins and near-term challengesIT companies bracing up for muted Q3 earnings on lower deal wins and near-term challenges
The third quarter earnings season will kick start with the IT earnings next week. Given the near-term headwinds, delays in discretionary and dollar-rupee movement, what’s the market expectation? Most analysts believe that margins are set to improve and utilisations may move up but growth may stay muted. Kotak Institutional Equities believes that the deal trajectory […]
HDFC Bank flags hit to asset quality, margins post merger; shares slide 4%HDFC Bank flags hit to asset quality, margins post merger; shares slide 4%
India’s top private lender HDFC Bank has warned that its merger with HDFC Ltd would hit key financial metrics including its margins and bad loan ratios, sending shares down 4% on Wednesday and dragging the blue-chip Nifty 50. HDFC Bank’s gross bad loan ratio is expected to have increased to 1.4% as of July 1 […]
European shares gain after four days of losses on energy, healthcare boostEuropean shares gain after four days of losses on energy, healthcare boost
European shares advanced on Monday after four sessions of losses, as energy stocks rose tracking global crude prices higher and Danish drugmaker Novo Nordisk led gains in healthcare stocks. The pan-European STOXX 600 gained 0.6%. The index closed at a six-week low on Friday. Europe’s healthcare index advanced 1.0% as shares of Novo Nordisk added […]
How traders can optimise returns using liquid ETFHow traders can optimise returns using liquid ETF
Over the last 3 years, India has seen an exponential increase in online trading activity. From just 40.9 million in March 2020, before the Covid-19 outbreak, the number of demat accounts surged to cross 112.54 million in March 2023. The advent of online broking, superior internet penetration and work-from-home culture during Covid lockdowns brought a […]
In pics: Here’s how devotees celebrate Maha Shivratri across the countryIn pics: Here’s how devotees celebrate Maha Shivratri across the country
1/7 On Saturday, the Maha Shivratri festival was celebrated with traditional zeal and fervour in different parts of India. A large number of devotees thronged Hindu temples (dedicated to Lord Shiva) to take part in special rituals. Long queues were spotted since early morning.Unlike last year, there was no restriction this year. As a result, […]
NSE Bulk Deals, August 14: Debock Industries, Drone Destination, other major deals took place on MondayNSE Bulk Deals, August 14: Debock Industries, Drone Destination, other major deals took place on Monday
On Monday, domestic indices ended in the green. The NSE Nifty 50 gained 6.25 points or 0.03% to 19,434.55 and BSE Sensex rose 79.27 points or 0.12% to 65,401.92. Among the broader indices, the Nifty 100 fell 0.15%, Nifty Next 50 sank 1.25% and the Nifty 200 plunged 0.15%, while Nifty Midcap 50 gained 0.05%. […]
Hero MotoCorp foresees retail recoveryHero MotoCorp foresees retail recovery
Hero MotoCorp’s (HMCL) exceeded expectations in Q1FY24, with EBITDAM up 250bps y-o-y/ 70bps q-o-q at 13.8%, beating the consensus of 13.2%. Lower commodity costs, price hikes, and cost-saving measures led to ICE business margins returning to FY19 levels of 14.5%. Despite the growing EV market, HMCL aims to maintain strong margins of 14-16%, focusing on […]