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.
GMR bags Rs 6,300 crore from Abu Dhabi Investment Authority, to free up pledged shares
GMR Infra Enterprises secured Rs 6,300 crore in funding from Abu Dhabi Investment Authority, enhancing the prospects of India’s aviation sector. The funds will help repay external debt, with an option to convert to equity. This strengthens GMR’s ability to support GMR Airports’ growth.
Waaree Energies beats Tatas and Bajaj to set new IPO record with 97.34 lakh applications
Bajaj Housing Finance previously held the record with 90 lakh applications, followed by Tata Technologies with 73 lakh applications. The Rs 4,321 crore IPO received a strong response, attracting bids worth Rs 2.41 lakh crore and achieving an overall subscription of 76 times, including 208 times in the institutional category and 62 times in the […]
RVNL, Mazagon Dock among 140 multibagger stocks with higher retail holding versus institutional
Over 140 stocks that have more retail holdings than institutional in the past year have delivered significant returns. Nine state-run companies and numerous private sector companies are among these multibaggers. Experts advise caution as many lesser-known stocks have liquidity risks. Some stocks like Kaycee Industries and Cropster Agro are recommended for exit.
Tech View: Nifty’s drop below 24,350 could trigger a slide to 24K in near term. How to trade tomorrow
Nifty’s trend remains weak, currently positioned near a critical support level on the weekly charts, suggesting a potential for an upside bounce from current or lower levels. A sustained close above 24,650-24,700 would confirm this upward move. However, if the index slides below 24,350, it could drop further to the 24,000 mark in the near […]
Nithin Kamath on the secret to longevity and secure profits in trading
Zerodha founder Nithin Kamath emphasized the importance of risk management for longevity in markets. He shared insights from Tom Basso’s podcasts, focusing on risk exposure and appropriate sizing of positions to avoid blowing up your account.
HFCL shares slide 26% in a month, placed near 200 DEMA support. Is a breakdown imminent?
The stock is currently trading at Rs 120, positioned below its 10, 20, 50, and 100-day exponential moving averages (DEMAs), while attempting to hold above its 200 DEMA
Godrej Properties Q2 Results: Net profit jumps 5-fold YoY to Rs 335.21 crore
Total income more than doubled to Rs 1,346.54 crore in the second quarter of this fiscal from Rs 605.11 crore in the corresponding period of the previous year, according to a regulatory filing.
Crypto Talk | US election and interest rate cuts may reshape the future of Bitcoin, says BuyUcoin CEO
I believe the recent 50 basis point interest rate cut by the US Federal Reserve will positively impact the crypto market both in the short and long term because interest rate cuts are aimed at stimulating economic growth by making borrowing cheaper and seeking higher returns in the crypto market.