Page 921 - Markets News
Low on equities, balanced advantage funds withstand market turmoil better
Half the schemes fell 1.5% or less on Monday even as markets tanked 3%
 "Low on equities, balanced advantage funds withstand market turmoil better")
PB Fintech's shares skyrocket 16%, hit all time high post Q1; check details
The stock price of PB Fintech surged up to 16.23 per cent, hitting its all time high at Rs 1664.35 per share on the BSE in Wednesday's intraday trade
 "PB Fintech's shares skyrocket 16%, hit all time high post Q1; check details")
Gland Pharma tanks 9% on weak June quarter show; Q1 profit drops 26%
The share price fell after the company reported a weak set of June quarter (Q1FY25) results.
 "Gland Pharma tanks 9% on weak June quarter show; Q1 profit drops 26%")
TVS Motor stock hits all-time high, jumps 5% on healthy June qtr earnings
With normal monsoon expected for this fiscal, TVS expects rural recovery to drive sustained momentum for the industry in the coming quarters.
 "TVS Motor stock hits all-time high, jumps 5% on healthy June qtr earnings")
Trading strategy today: Silver may test support of Rs 76,200 in near-term
How to trade silver today: Silver has been one of the weakest commodities this month as risk aversion continues to linger
 "Trading strategy today: Silver may test support of Rs 76,200 in near-term")
Gold to stay volatile amid Yen unwinding; Sharekhan shares trading strategy
Gold price today, August 7, 2024: Barring any major developments on the geopolitical front, gold may slide further
 "Gold to stay volatile amid Yen unwinding; Sharekhan shares trading strategy")
KPR Mill, eClerx: 5 midcap, smallcap stocks to play the market bounce
KPR Mill, eClerx, Granules, Cera Sanitaryware and BLS International are the 5 mid- and smallcap stocks that look strong on technical charts and can potentially gain up to 43% from present levels.
 "KPR Mill, eClerx: 5 midcap, smallcap stocks to play the market bounce")
GR Infraprojects up 3% on emerging lowest bidder for project in Karnataka
The uptick in share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project in Karnataka. The company, however, did not disclose the cost of the project.
Yen slides after BOJ official says no rate hikes if markets are volatile
The yen touched a seven-month high of 141.675 per dollar on Monday, well above the 38-year lows of 161.96 it was languishing in just at the start of July
 "Yen slides after BOJ official says no rate hikes if markets are volatile")
Asia stocks find some footing amid US recession concerns, Nikkei drops
The GPIF is a massive fund with considerable market power and its investment decisions are highly influential
V-Mart faces tough road ahead despite promising June quarter: Nuvama
The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.
 "V-Mart faces tough road ahead despite promising June quarter: Nuvama")
RBI's firm grip keeps rupee outlook unchanged, limits fall to 0.25%: Poll
That trend was unlikely to change anytime soon as analysts in an Aug. 1-6 poll have barely changed their forecasts from a poll in July
 "RBI's firm grip keeps rupee outlook unchanged, limits fall to 0.25%: Poll")
Stocks To Watch On August 7: Real estate, SBI, Lupin, Tata Power, Bata
As of 6:31 AM, GIFT Nifty futures were up 84 points, trading at 24,140.5, suggesting a positive start for the Indian bourses.
 "Stocks To Watch On August 7: Real estate, SBI, Lupin, Tata Power, Bata")
Trade setup for today: Asia mixed; FIIs net sellers; Nifty 24K is the key
All you need to know before the market opens on Wednesday: GIFT Nifty hints at 100-pt gap-up start. US market bounce back as tech shares gain; Japan down in Asian trade; FIIs net sell in cash and F&O.
 "Trade setup for today: Asia mixed; FIIs net sellers; Nifty 24K is the key")
HUL, Ipca Lab, Bikaji: Top stock picks by Chandan Taparia of Motilal Oswal
Hindustan Unilever is in overall uptrend and is on the verge of giving Pole and Flag pattern breakout on daily chart
 "HUL, Ipca Lab, Bikaji: Top stock picks by Chandan Taparia of Motilal Oswal")
Vinay Rajani of HDFC Securities recommends buying these stocks on August 7
Nifty gave up early gains on Aug 06 to end in the negative. In the process it formed a pattern known as Bearish side by side black candle.
 "Vinay Rajani of HDFC Securities recommends buying these stocks on August 7")
Nifty IT, Auto eye breakout from range bound pattern; trading strategy here
The Nifty IT Index is oscillating between 38,800 and 38,000. This consolidation indicates that the index is at a pivotal juncture, where a breakout or breakdown will determine its near-term direction
 "Nifty IT, Auto eye breakout from range bound pattern; trading strategy here")
Indian equity markets come off day's highs amid global uncertainties
The Nifty 50 index closed at 23,993, with a decline of 63 points (0.3 per cent). Both indices ended with losses for a third consecutive session.
 "Indian equity markets come off day's highs amid global uncertainties")
India's super rich lost $17 billion in Monday's stock market crash
Gautam Adani, ranked number two on India's rich list, saw $6.3 billion get shaved off from his net worth, which declined to $103.6 billion
 "India's super rich lost $17 billion in Monday's stock market crash")
Rupee nears 84 per US dollar tracking Asian peers, foreign outflows
RBI intervenes in off-shore, spot markets to curb volatility
 "Rupee nears 84 per US dollar tracking Asian peers, foreign outflows")