Positive Breakout: These 3 stocks close cross above their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 23, according to stockedge.com’s technical scan data.
F&O Ban List: NMDC, RBL Bank among 10 stocks under trade ban on Thursday
Ten stocks, including Aarti Industries and Bandhan Bank, are under ban from F&O trading as their open interest exceeded 95%. This ban will only be lifted if their open interest drops below 80%. The Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday amid volatile trading, foreign fund outflows, and selling pressure.
Asian stocks fall, Yen steadies after weakening
Futures for the Nasdaq 100 climbed during Thursday trading in Asia, paring declines for the underlying benchmark in the prior day, after robust earnings from Tesla Inc. provided support for tech stocks. Treasuries opened little changed in Asia after the 10-year yield rose four basis points on Wednesday to the highest level in almost three […]
Forget gold, go for silver to add lustre to your portfolio
After the sharp run-up this year, with domestic prices touching the ₹1 lakh per kg mark, analysts believe investors could buy on dips over the next 1-3 months and allocate 3-5% of their portfolio to the white metal.
Dow Jones falls 400 points pressured by tech losses and worries about rates
Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election.
Goldman Sachs takes note of a slow turn in the India story
The downgrade comes amid continuous selling by foreign portfolio investors (FPIs), who have offloaded Indian stocks for 17 consecutive days. So far this month, FPIs have sold shares worth ₹89,200 crore
Sluggish urban market to weigh on HUL, price hikes may help
High raw material costs limited the margin gains even as the company spent less on advertising during the quarter. The raw material cost grew 5% on year and constituted 49.6% of the revenues, driven by inflation in tea and crude palm oil prices. The company’s ad spends declined 15% on year with these spends standing […]
Inflation worries trump lone vote to boost growth, highlights RBI MPC’s minutes
Nagesh Kumar advocated for a rate cut to revive demand and investment amid economic uncertainty during the early October MPC review. Despite Kumar’s argument for normalization, five members, including RBI Governor Shaktikanta Das, voted to maintain the repo rate, citing inflation concerns.
Rupee closes at record low for 3rd consecutive day
Traders said the next key level would be 84.15 per dollar. That was the weakest level in the non-deliverable forwards (NDF) market, which was touched a month ago.
PSUs fizzle out over unrealistic valuations, sluggish earnings
Nineteen out of 64 non-banking stocks have plunged between 40% and 55% from their yearly highs, while another 28 have declined by 30% to 40%. Overall, 64 state-owned corporates have lost nearly ₹8 lakh crore in market capitalisation since August 1, the day the BSE PSU index hit an all-time high.