Sensex loses 200 points, Nifty slips below 19,300; Yatharth Hospital surges 8% - over 1 year ago
Sensex falls 200 points, Nifty slips below 19,300; Yatharth Hospital surges 8%, Coal India drops 2%; NTPC, L&T, Titan are some of the gainers in the morning trade.
Economic Times

Sensex falls 200 points, gives up 65,000 on Fed hike, China economic woes - over 1 year ago
From the Sensex pack, HCL Tech, TCS, Wipro, Tech Mahindra, and Infosys opened with cuts, whereas only NTPC, L&T, Bharti Airtel, and Sun Pharma opened with gains.
Economic Times

F&O Ban: Hindustan Copper, SAIL among 10 stocks under ban on Friday - over 1 year ago
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Economic Times

Stocks in focus: Adani Green Energy, NLC India and more - over 1 year ago
GIFT Nifty on the NSE IX traded 16.5 points, or 0.09 per cent, higher at 19,299.50, signaling that Dalal Street was headed for positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.
Economic Times

Buy or Sell: Stock ideas by experts for August 18, 2023 - over 1 year ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Manappuram Finance and J&K Bank while Nooresh Merani has a buy/sell recommendation on M&M and Oil India for today's trading session. Check out the targets and stoploss.
Economic Times

At multi-year highs: Tata group firm among 7 stocks that saw 5-year swing high breakouts - over 1 year ago
From the Nifty500 pack, we have collated a list of 7 stocks that witnessed a 5-year swing high at the close on August 17, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.
Economic Times

Big Movers on D-Street: What should investors do with Bata India, JSW Energy & India Cements? - over 1 year ago
Despite weak market conditions, Bata India maintained its strong momentum throughout the day. In the short-term period, the stock has seen strong price volume reversal formation. The texture of the pattern suggests positive sentiment is likely to continue in the near future.
Economic Times

Golden Crossovers: Hindalco among 4 stocks signalling further bullishness - over 1 year ago
Four stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on August 17.
Economic Times

Positive Breakout: Bajaj Finserv & 3 other stocks cross above their 200 DMAs - over 1 year ago
Four stocks with a market cap of over Rs 10,000 crore crossed above their 200 DMA (Daily Moving Averages) on August 17, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Economic Times

Warren Buffett donates $27 million Berkshire stock - over 1 year ago
Buffett still owns 218,237 Class A shares of Berkshire, for an approximately 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965.
Economic Times

Asian shares head for 3rd week of losses on China woes, US rates - over 1 year ago
China stocks have shed 10% from their highs in January, as dismal economic data laid bare the stuttering post-pandemic recovery, with investors remaining unimpressed with just piecemeal support measures from policymakers.
Economic Times

US stock market: Dow, S&P 500 end lower on healthcare losses, interest rate jitters - over 1 year ago
Weighing heavily on the S&P 500, CVS Health tumbled 8% on news that Blue Shield of California plans to cut its reliance on the company as its pharmacy benefit manager (PBM) and work with others including Amazon.com.
Economic Times

Stock Radar: Bharat Forge looking attractive post breakout from Cup & Handle pattern, says Shitij Gandhi - over 1 year ago
"Bharat Forge stock has given a fresh breakout above the key resistance level of 900 level and risen sharply thereon towards its 52-week high levels, with rise in volumes as well. Traders can buy for a target of Rs 1120 in the next 5-7 weeks," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

Stocks in news: Nykaa, HDFC AMC, Concord Biotech, JSW Steel, Adani Energy - over 1 year ago
Nykaa, HDFC AMC, Indus Towers, Page Industries and ACC have been excluded from Nifty Next50 in the latest revision of various NSE indices.
Economic Times

'Vodafone Idea's fundraise plans may be hit if govt takes over' - over 1 year ago
Analysts warn that the Indian government's plans to convert statutory dues into equity in Vodafone Idea could limit the cash-strapped telco's ability to attract external equity funding from third-party investors. Vodafone Idea faces more than Rs 40,000 crore worth of annual payouts in regulatory dues post moratorium.
Economic Times

Ayana Renewable investors plan stake sale to raise up to $800m - over 1 year ago
Investors in Ayana Renewable Power plan to offload a part of their stake to raise as much as $800 million ('6,650 crore), with a portion of it to be used for funding the expansion plans of the renewable energy platform, people aware of the development said. The investors are in discussions to hire an investment bank to run the sale process, they said.
Economic Times

Radhakishan Damani, Hemendra Kothari among India’s top stock market investors - over 1 year ago
​​With a Rs 1.59 lakh crore portfolio, Damani tops the chart, followed by Jhunjhunwala family. These investors together own shares worth `2.3 lakh crore, about 0.7% of the BSE’s total market capitalisation.
Economic Times

TAQA looks to bet big on Adani's power business - over 1 year ago
TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above. However, both sides believe there is maximum synergy between TAQA and Adani Energy Solutions, formerly Adani Transmission, to forge a strategic alliance and work together on projects in North Africa and West Asia.
Economic Times

Uttar Pradesh tops in attracting bank funds for projects - over 1 year ago
The share of UP went up from 1.1 percent during 2013-14 to 16.2 percent in 2022-23 according to a study titled “ Private Corporate Investment: Performance and Near-term Outlook” published in the latest RBI bulletin. In the same period Maharashtra’s share went down 19.7 percent to 7.9 percent.
Economic Times

BHEL challenges REC's plea for HEL insolvency - over 1 year ago
"Admission of REC's application against HEL would bring moratorium and the execution petition of BHEL would get stalled,' a person aware of the developments told ET. "The only remedy in such a situation would be to file its claim before the resolution professional, which is unlikely to be converted to cash."
Economic Times

Private credit funds turn innovative to deliver high returns - over 1 year ago
Funds are adopting innovative strategies to meet investor demands for higher returns, especially in credit funds, where investments are structured in a way to allow for risk to be time-tranched, with investors selecting credit opportunities based on their individual risk appetites.
Economic Times

Punjab & Sind Bank to sell two KSK loans - over 1 year ago
The lender is looking to recover over 50% from the sale. The bank has invited bids for a loan of ₹110 crore for KSK Mahanadi and ₹45 crore for KSK Water Infrastructure, setting a reserve price of ₹ 60 crore and ₹ 23 crore, respectively, on an all-cash basis.
Economic Times

Delhi airport operator to raise Rs 744 crore via NCDs - over 1 year ago
Delhi International Airport (DIAL) is raising up to ₹744 crore unsecured non-convertible debentures (NCDs) with a tenor of seven years whose proceeds will be utilised towards partly refinancing the NCDs due in October 2025.
Economic Times

CFM ARC raises offer for Vidarbha Industries - over 1 year ago
"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said a bank source. "CFM ARC has deposited the entire amount in two tranches by the end of the day."
Economic Times

India’s PC sales dipped 15.3% on-year in April-June quarter: International Data Corporation report - over 1 year ago
Notebooks, which usually drive the majority of volume for personal computer shipments declined 18.5% on-year, while desktops, which had been on a growth trajectory till the quarter ending March, declined by 7% on-year.
Economic Times

India needs major supply side reforms to check wild swings in vegetable prices: RBI report - over 1 year ago
"The vulnerability of the economy to recurring incidence of vegetable price shocks, especially ahead of and during the monsoon, warrants major reforms in perishable supply chains covering transportation networks, warehousing and storage technologies, and value addition processes that damp the amplitude of these swings," the central bank report said.
Economic Times

Adani Energy Solutions to buy transmission project - over 1 year ago
The KPS1 project includes the implementation of the KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line and the augmentation of Khavda PS1. The project was initially slated to be completed within 21 months.
Economic Times

Discounts, promos help smartphone cos cut inventory ahead of festivals - over 1 year ago
The inventory has come down significantly from the 12-13 weeks' pile-up by the end of the March quarter as a result of aggressive promotions, end-of-life discounting, and roping in of brand ambassadors, market trackers said.
Economic Times

Stock Radar: Breakout from Cup & Handle pattern shows Bharat Forge has steam left to hit 1100 levels. Time to buy? - over 1 year ago
Bharat Forge hit a record high of Rs 983 on 11 August but failed to hold on to the momentum. It then took support above the 20-EMA on the daily charts and bounced back. The stock is still trading above the previous resistance level of Rs 900-940, which is also the breakout area of the Cup and Handle formation
Economic Times

Wall St falls on healthcare losses, interest rate jitters - over 1 year ago
Pressuring equities further, the yield on 10-year U.S Treasury notes hit its highest level since October as a raft of strong economic data this week has stoked concerns the Fed could keep interest rates at the current level for longer.
Economic Times

​Market Trading Guide: Bajaj Auto, Titan among 6 stock recommendations for Friday - over 1 year ago
Reflecting weak global market sentiment, Indian equities concluded Thursday's session on a subdued note. The Nifty closed lower by 0.5%, shedding 100 points to reach 19,365, while the Sensex experienced a tumble of 388 points, settling at 65,151. In contrast, the broader markets outperformed their headline peers."The prevailing sentiment remains negative as the index continues to stay below the crucial moving average. Considering the upper range, the sell-on-rise approach might be more effective, as long as the level of 19,525 remains unbroken. On the downside, immediate support levels around 19,250 may come into play in case of any decline," stated Rupak De, Senior Technical Analyst at LKP Securities.Here are the stock recommendations for Friday:
Economic Times

NSE Indices changes criteria to calculate price-to-book value for indices - over 1 year ago
The changes in the criteria will take effect from September 29, NSE Indices said. NSE Indices has also revised the eligibility criteria for inclusion of stocks in several sectoral/market cap indices
Economic Times

Adani group takes bond brokers on Gujarat trip to instill confidence - over 1 year ago
The Adani Group flew the bankers to Mundra in Gujarat to showcase the infrastructure of India’s largest private port and elaborate on the conglomerate’s strong financial conditions and expansion plans, said the people who requested anonymity discussing private matters
Economic Times

Nykaa, HDFC AMC among 5 stocks to exit Nifty Next50 in index rejig - over 1 year ago
Indus Towers, Page Industries and ACC were also excluded from the index, which added PNB, Shriram Finance, Trent, TVS Motor and Zydus Life
Economic Times

Adani takes bond brokers on Gujarat trip to instill confidence - over 1 year ago
The Adani Group flew the bankers to Mundra in Gujarat to showcase the infrastructure of India’s largest private port and elaborate on the conglomerate’s strong financial conditions and expansion plans, said the people who requested anonymity discussing private matters
Economic Times

These 10 midcap stocks hit new 52-week highs amid market plunge - over 1 year ago
During Thursday's trading session, benchmark index Sensex experienced a decline of approximately 388 points, finishing at a closing value of 65,151. In spite of this significant market drop, 10 stocks listed in the BSE midcap index achieved fresh peak values within the previous 52 weeks.The 52-week serves as a vital technical gauge for evaluating a stock's current worth and forecasting potential fluctuations in its price. This value represents the highest price at which a stock was traded over the course of the past year
Economic Times

SBI overtakes Reliance as most profitable company in Q1. Full list here - over 1 year ago
State Bank of India or SBI overtook India's most valuable company Reliance Industries to emerge as the most profitable firm in Q1. India's biggest lender posted its highest-ever profit for the fourth quarter in a row in Q1.
Economic Times

US stocks open higher post Cisco results; traders assess Fed minutes - over 1 year ago
US Federal Reserve's last policy meeting showed most officials held a hawkish view on interest rates
Economic Times

Three Nifty stocks to trade ex-dividend on Friday. Do you own any? - over 1 year ago
Shares of companies usually trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment
Economic Times

Breakout Stocks: How Cochin Shipyard, Amber Enterprises and JM Financial are looking on charts for Friday’s trade - over 1 year ago
Sector-wise, buying was seen in consumer durables, and mid & smallcap stocks while utilities, energy, capital goods, and oil & gas witnessed heavy selling.
Economic Times

Sebi extends auction date to Aug 31 for properties of 7 companies - over 1 year ago
These seven companies had collected money from investors without complying with the public issue norms as the shares were issued to more than 50 individuals.Under the norms, a firm is required to list its securities on the recognised bourse. It is also required to file a prospectus, among other things
Economic Times

BPCL, Bajaj Finance among 10 Nifty stocks with golden crossover pattern - over 1 year ago
The Golden Crossover is a powerful chart pattern formed when a short-term moving average (usually the 50-day simple moving average) crosses above a longer-term moving average (usually the 200-day simple moving average). This pattern is often interpreted as a signal of potential upward momentum and a possible shift from a bearish trend to a bullish one
Economic Times

JBM Auto, Gillette India among 10 stock with RSI trending up - over 1 year ago
This article shines a spotlight on 10 stocks that have witnessed a surge in RSI, handpicked from a list of 30 stocks highlighted by StockEdge on August 16, Wednesday. We explore the significance of RSI in assessing stock movements and how it can guide investment decisions
Economic Times

Gland Pharma, India Cements among 10 stocks with bearish RSI - over 1 year ago
This article illuminates 11 stocks, meticulously selected by ETMarkets, that exhibit a confluence of overbought conditions and a bearish RSI trend. With StockEdge identifying this intriguing subset on August 16, Wednesday, we delve into the essence of RSI and why it's indispensable for astute investment decisions
Economic Times

Tech View: Nifty charts hint at non-directional nature. What traders should do on Friday - over 1 year ago
The negative chart pattern like lower tops and bottoms is active on the daily chart and the market has not shown any decisive upside bounce so far.India VIX was up by 0.99% from 12.12 to 12.24 levels. Volatility rose above 12.5 during the day and has been rising from the last few sessions
Economic Times

KFin Technologies, RVNL among 10 stocks with RSI trending down - over 1 year ago
This article delves into the concept of RSI and its role in assessing stock movements, with a focus on ten stocks that witnessed a downtrend in RSI. As StockEdge reported 24 such stocks and ETMarkets narrowed it down to 10, we explore why RSI matters, and how it can aid investors in making informed choices.
Economic Times

RIL’s Jio Financial to exit FTSE Global indices at zero value on August 22 - over 1 year ago
Since Jio Financial Services (JFSL) did not commence trading after 20 business days, and no firm trading date has been announced by the conglomerate, the index aggregator decided to remove it from all indices.
Economic Times

Lupin, Kalyan Jewellers among 10 overbought stocks with RSI above 70 - over 1 year ago
This article sheds light on the concept of RSI and its significance in assessing stock movements, with a focus on ten stocks that have entered the overbought zone. As data from StockEdge revealed over 50 such stocks, and ETMarkets selected 10, we delve into why RSI matters and how it can empower investors to make informed choices.
Economic Times

Breakout Stocks: How Cochin Shipyard, Amber Enterprises and JM Financials are looking on charts for Friday’s trade - over 1 year ago
Sector-wise, buying was seen in consumer durables, and mid & smallcap stocks while utilities, energy, capital goods, and oil & gas witnessed heavy selling.
Economic Times