Trading strategy for Nifty50: The recommended trading strategy aligns with selling on upward movements
Investors send a clear message as confidence is shipped with each trade
The foreign direct investment cap in ITC means that BAT cannot directly sell to another foreign entity
Find themselves painted into a corner, blending festival-fuelled revenue with the undertones of sluggishness from price cuts and a subdued luxury mix
JP Morgan Chase & Co. in September last year announced that it will add Indian government bonds to its benchmark emerging market index from June 2024
While inflows into G-Secs is a given, the secondary effects of these in the corporate bond market are to be watched for
On the other hand, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever and ITC faced erosion from their valuation to the tune of Rs 1,06,631.39 crore
Besides, mid-cap oriented funds and small-cap focused funds continued to attract investors with inflows of Rs 2,061 crore and Rs 3,257 crore, respectively
The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said
The growth was fueled by Blinkit, which rose 27 per cent Q-o-Q, while food delivery revenue grew 10 per cent Q-o-Q
Jefferies downgraded the stock to 'hold' from 'buy' earlier with a target price of Rs 430, down a huge 17.3 per cent from its earlier price target of Rs 520.
Analysts say trend underscores the shift in investor sentiment
Stock market highlights on February 9, 2024: Among sectors, the Nifty Metal index declined 1.5 per cent, followed by the Nifty Auto, and IT indices (0.4 per cent each)
Analysts believe cement demand would remain healthy aided by expedited pre-election government spend, continued focus of infrastructure development.
The broader market breadth was weak with 2,813 stocks declining and 823 gaining on the BSE
Neuland Lab hit a new high of Rs 6,910, rallied 6% after reported robust earnings with profit after tax more than doubled to Rs 80.7 crore in Q3FY24, on back of healthy operational performance.
As many as 49 stocks turned ex-dividend on the bourses this week. Here's a quick chart check on select five among them.
In the past one month, the CPSE index has rallied 19 per cent, while, in three months, it has soared 53 per cent
Technically, the stock seems placed unfavourably on multiple parameters. However, a pullback cannot be ruled out, as it trades in oversold zone too.
The company expects a 6-7 per cent volume decline for the overall tractor industry in FY24 and a weak Q1FY25 if elections are declared during the said period.