The Nifty Metal index tested the 100-Week Moving Average for the last six weeks, and seems to have defended it for now. Among stocks Tata Steel, SAIL and Hindalco can rally up to 12%, suggest charts.
Ten Adani Group stocks ended higher on Thursday after the group said it has enough cash to service debt obligations and that its business achieved record pre-tax profits in the 12 months ending December 2024. Shares of Adani Wilmar jumped 3.48 per cent, NDTV surged 3.11 per cent, Adani Ports climbed 2.85 per cent, ACC rallied 1.10 per cent, Adani Energy Solutions went up by 1.04 per cent, Adani Total Gas (0.89 per cent), Ambuja Cements (0.61 per cent), Adani Power (0.44 per cent), Sanghi Industries (0.20 per cent) and Adani Green Energy (0.03 per cent) on the BSE. However, the stock of Adani Enterprises dipped 0.06 per cent. Adani Group on Thursday said it has enough cash to service debt obligations and that its business achieved record pre-tax profits in the 12 months ending December 2024 as it looked to reassure creditors and investors of a robust business profile. Cash balances exceed long-term debt repayments for the next 28 months, while portfolio-level cash balances were at R
ITC, Varun Beverages share outlook: FMCG major ITC can slip another 10.5%, while Pepsi distributor VBL could slide another 27% suggests technical charts.
Technical charts suggest that microcap stocks such as Cyient DLM, Sansera Engineering, AMI Organics, Aarti Pharmalabs and Medplus Health Services can potentially rally up to 23% from present levels.
On average, stocks that debuted last year are down 37 per cent from their peak levels
Technical chart suggests that the Nifty Auto, IT and Pharma indices can potentially fall up to 22% from present levels if these key support levels are broken.
The company is planning to invest Rs 750 crore in a greenfield brewery in UP, to produce mainstream and premium brands
Country slips to third position on MSCI Emerging Market indices
Despite a 23% drop from the peak, valuations still above long-term averages
Suggests a SIM binding framework to prevent unauthorised access to demat and trading accounts
Amid continuous market volatility, arbitrage funds have surpassed public bank fixed deposits (FDs) in terms of one-year returns
The Nifty Realty index has plunged 29% from its peak, and is seen testing support at its 100-WMA for the first time since April 2023. Here are the key support levels to watch out for.
The Sensex, after declining by 645 points during the day, recovered to close at 75,997, marking a gain of 58 points, or 0.08 per cent, over Friday's close
Nearly 60% of the SmallCap stocks registered a sharper loss compared to the Nifty SmallCap 100 and SmallCap 250 indices, which were down around 24% each from their respective peaks.
In Q3FY25, the company's revenue from operations grew by 10.6 per cent year-on-year (Y-O-Y) to Rs 278.7 crore, up from Rs 252 crore reported in the same quarter of the previous fiscal year
Shares of Aegis Logistics, JK Lakshmic Cement, Mastek, Deepak Fertlisers and Karur Vysya Bank are looking weak on the technical charts; hence may witness a downward trend in the near-term.
The BSE Sensex has near key support at 75,150, below which a dip towards 74,400 seems likely. Technical chart shows the Nifty 50 index seems headed towards the 20-month moving average.
The NSE500 is up just 2.9 per cent and the midcaps have returned a meagre 2.5 per cent return in the same period, while the smallcaps are down 3.3 per cent
Some legal experts believe the case may indicate the need for a review of Sebi's takeover norms
Stock markets are expected to be driven by global trends and FPI trading activity this week after the conclusion of the earnings season, analysts said. Unabated foreign fund outflows, lower-than-expected quarterly earnings and global trade war fears hit market sentiments last week, where the benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday. "With the conclusion of the Q3 earnings season, now focus will be on global developments amid a turbulent market environment on account of Donald Trump's trade policies," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. Moreover, the rupee-dollar trend and movement of Brent crude, the global oil benchmark, will also be tracked by investors. "With the earnings season behind us, market focus will shift to trends in FII (Foreign Institutional Investors) flows and currency movements for further cues. Additionally, speculation regarding US tariffs a