Page 1039 - Markets News

Stock market outlook Jun 24: Nifty rally under threat? Key levels to track

Sensex, Nifty trade set-up for Monday, June 24: Daily chart suggests that the rally on the Nifty is showing signs of tiredness; near support seen at 23,400, here's what experts recommend.

Nifty lacks conviction at record highs; undertone remains bullish

The Indian equity market demonstrated robust performance throughout the week, with broad market participation creating a strong and positive trading environment

PI Industries, PVR Inox: Top trading picks by Angel One for June 24

PVR Inox has seen a volume-backed resurgence after the substantial consolidation seen in the last couple of trading weeks near its key support short-term EMAs

Time to book profits in Nifty50, Midcap Select index? What charts reveal

The Nifty 50 Index is currently trading at 23,501.10. In the near term, the index is trading within a range of 23,700 to 23,300. A close above or below this range would trigger a directional move

Buy & Sell: Top three picks by Anand Rathi for June 24; key levels here

PVR Inox has recently exhibited two significant technical analysis signals that indicate a potential bullish shift. Firstly, there is a bullish divergence on the weekly RSI near 30 level

Global investors turn cautious on once favourite Japanese stocks

Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through June 14

Payback time: India Inc cut back on dividends in FY24 despite record profit

A cut in dividend payout last financial year came after three years of high double-digit growth, mirroring the boom in corporate profits in the post-pandemic period

Quant MF under Sebi lens for irregularities in investment activities

'Searches' conducted at fund house's office last week; quant MF confirms 'inquiries' from Sebi

Statsguru: India's index inclusion may bring capital into the country

Since May 2024, foreign investors have been net buyers in the debt market, even as they have been net sellers in the equity market over the last two months

Hotel stocks to find suite spot in medium term despite Q1FY25 chill

Room with a view: Lemon Tree Hotels, Samhi Hotels top picks on brokerage rankings menu

Mcap of 3 of top-10 most valued firms jumps Rs 1.06 trn, HDFC Bank shines

Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent

FPIs infuse Rs 12,170 cr in equities in June on hopes of economic growth

With the latest investment, the total outflow now stood at Rs 11,194 crore so far in 2024 (till June 21), data with the depositories showed

Demand triggers remain strong for Cummins India, Kirloskar Oil Engines

The share prices of both KKC and KOEL have more than doubled in the last 12 months but KOEL has gained 239% while KKC is up 121%, both are on the buy lists of brokerages

Related-party transactions: Rs 2.68 trn awaits shareholder nod next week

Tata Motors, similarly, will put proposed RPTs worth upwards of Rs 89,000 crore to a shareholder vote the same day

Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts

What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels

Market regulator Sebi's price discovery framework puts shade on holdcos

Select holding companies rally on optimism around value unlocking

Growth, valuations support Ashok Leyland as competition rises in industry

Most brokerages positive about commercial vehicle manufacturer but are concerned about demand

Morgan Stanley buys 17 mn shares of Axis Bank for Rs 2,083 cr via bulk deal

The shares were purchased at an average price of Rs 1,225.75 apiece, taking the transaction value to Rs 2,083.77 crore

Akme Fintrade IPO gets nearly 54 times subscription on last day of bidding

The Rs 132 crore initial share sale got bids for 42,44,43,250 shares against 78,65,000 shares on offer, as per NSE data

Gold discounts in India widen as elevated prices dampen its demand

Domestic prices were trading around 72,800 rupees per 10 grams, after hitting a record high of 74,442 rupees last month