Markets hit record highs! How Algo trading helps you to maximize profits - over 1 year ago
However, owing to the fast-paced nature of market movements, the window of opportunity is small. Therefore, to procure the maximum benefits at breakneck speed, investors and traders can utilise the fastest-evolving technology, i.e., algorithmic trading.
Economic Times

3 factors that support EV growth in India; watch out for stocks in auto and OEM space: Anurag Jhanwar - over 1 year ago
Overall macroeconomic factors provide comfort as we are seeing a fall in inflation, a pause in interest rate cycles, an increase in foreign investment in the equity markets led by issues being faced globally.
Economic Times

Super breakout in Nifty…What’s next? - over 1 year ago
First, let’s look at the fund flows. Currently, India is a hot spot for investment in emerging markets. Foreign institutional investors (FIIs) have demonstrated their confidence in our equity markets by investing Rs 121,728 crores in FY24 so far.
Economic Times

HDFC Bank to replace HDFC from MSCI Global indexes from July 13 - over 1 year ago
The move is not expected to trigger any weight changes, a Nuvama report said. MSCI will continue with the half factor for the merged entity and passive trackers will have to sell around USD 150-200 million of the merged entity on the potential index adjustment.
Economic Times

You might contribute to their topline this evening; 4 liquor stocks which bear all brunt, from sin tax to prohibition - over 1 year ago
On Friday the news of Karnataka raising excise duty on liquor made some stocks witness a sharp decline. It is not the first time that in order to raise resources any state government has raised taxes. But sometimes, such events are just short term sentiment dampeners but don't affect long term business.
Economic Times

Gold prices mired by higher rates, US CPI in focus for the coming week - over 1 year ago
The yellow metal started the week on a positive note, after the ISM Manufacturing PMI in the United States fell to 46 in June 2023, from 46.9 in May and below forecasts of 47.
Economic Times

Nifty Bank hits fresh record highs in July; ICICI Bank, SBI could see 18-20% upside in 12 months - over 1 year ago
The divergence ranged between ~10% and ~60% per year, highlighting the obvious but decisive role of getting the sector call right at the beginning of a CY. Both sectors have very natural and pertinent macro linkages.
Economic Times

Stock market short sellers that helped fuel this year’s rally are finally giving up - over 1 year ago
Stocks fell in the holiday-shortened week as solid data on the labor market and services activity rekindled concern the Fed will keep raising rates to tame inflation. Treasury yields hit fresh highs. All major equity benchmarks were in the red with the S&P 500 sliding 1.2%.
Economic Times

Mind Over Money: This Rs 2200 cr fund manager has set a target of 10,000 steps daily to help him stay mentally and physically fit - over 1 year ago
The earlier we realize this, the better it is. To keep my mind alert and active I ensure that I spend an hour daily or so listening to music and playing with my 8-year-old son and listening to his interesting titbits of the day.
Economic Times

20 BSE500 stocks delivered double-digit weekly returns as markets turn wary of heights - over 1 year ago
Macro data, with the manufacturing PMI expanding to 57.8, indicated sustained demand and boosted investors confidence. Additionally, provisional business numbers from banks, automakers, and real estate companies bolstered sentiments, while FIIs provided additional support to the domestic market during the said week.
Economic Times

Wall Street Week Ahead: As earnings loom, investors weigh recession resilience - over 1 year ago
A market shift away from the handful of megacap technology and growth stocks that have powered the rally in the S&P 500 is not a given, cautioned John Quealy, chief investment officer at Trillium Asset Management.
Economic Times

Stock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving Up - over 1 year ago
Stocks fell in the holiday-shortened week as solid data on the labor market and services activity rekindled concern the Fed will keep raising rates to tame inflation. Treasury yields hit fresh highs. All major equity benchmarks were in the red with the S&P 500 sliding 1.2%.
Economic Times

Banks, financial services have drawn 40% of FPI money since March - over 1 year ago
The other two sectors where FPIs bought maximum shares include auto and auto ancillaries and capital goods, where FPIs invested ₹19,500 crore and ₹12,400 crore, respectively, since March 1.
Economic Times

Wall Street ends choppy day lower after jobs data - over 1 year ago
The U.S. added the fewest jobs in 2-1/2 years in June, although persistently strong wage growth pointed to still-tight labor market conditions, U.S. government data showed.
Economic Times

D-Street indices retreat after hitting fresh all-time highs - over 1 year ago
India’s leading equity benchmarks fell nearly 1%, their biggest single-day drop since mid-April — after briefly touching fresh all-time highs in Friday’s trading — dragged down by heavyweight financials, technology, consumer staples and utilities.
Economic Times

Reliance Retail set to cancel all public shares - over 1 year ago
Global investment firm Bernstein in a May report valued the holding company of Reliance Retail, called Reliance Retail Ventures (RRVL), at $131 billion (₹10.82 lakh crore). RIL owns 85% of RRVL, which in turn owns more than 99% of Reliance Retail.
Economic Times

Major League Cricket of US rings in arrival with NYSE closing bell - over 1 year ago
Major League Cricket (MLC) has been officially inaugurated at the New York Stock Exchange. The newly established T20 professional cricket league in the United States was welcomed by the NYSE ahead of the opening night of the inaugural MLC season on 13 July. Co-founders Vijay Srinivasan and Sameer Mehta marked the occasion, alongside star players including Tim David and Shadab Khan, to celebrate the "growing status" of cricket in the US and the promotion of talented players.
Economic Times

Goldman targeted by Chinese media for bearish bank view - over 1 year ago
The market shouldn't take a bearish view on Chinese banks based on pessimistic assumptions, and negative premises are misinterpretations of the facts, according to a Securities Times report Friday, referring to a Tuesday research note from Goldman. Banks have been actively lowering their exposure to property loan risks, while local governments have stepped up efforts to ease debt risks, the Securities Times said.
Economic Times

JP Morgan Chase settles case with Sebi, pays Rs 22 lakh - over 1 year ago
On August 9, 2021, designated depository participant J P Morgan Chase Bank (JPMC), informed Sebi about the delay in intimating about the merger of Fidelity Investments Money Management Inc. (FIMM), a registered FPI, with its affiliate Fidelity Management & Research Company LLC (FMRC).
Economic Times

Bank borrowings jump to 8-month high in mid-June - over 1 year ago
In the week ended June 16, bank borrowings were at Rs 5.05 lakh crore, the highest sum since the fortnight ended October 21, Reserve Bank of India data showed. The figures for the week ended June 16 marked the first time since early April that bank borrowings topped the Rs 5 lakh crore mark.
Economic Times

M&M Financial stock tumbles over 5% on BofA securities downgrade - over 1 year ago
The US brokerage cited the stock's premium valuations and said expectations of high NIMs and opex could disappoint in the near-term. The stock trades at 2.2 times its forward price-to-book value - above its long-term average.
Economic Times

Bank, Fin services have drawn 40% of FPI money since March - over 1 year ago
The other two sectors where FPIs bought maximum shares include auto and auto ancillaries and capital goods, where FPIs invested ₹19,500 crore and ₹12,400 crore, respectively, since March 1.
Economic Times

S&P 500 edges up after mixed jobs data - over 1 year ago
The data shows that while U.S. job growth slowed more than expected in June after surging in the previous month, labor market conditions remained tight, with the unemployment rate retreating from a seven-month high and strong wage gains continuing.
Economic Times

Indian Oil Corp to raise up to Rs 22,000 crore via rights issue - over 1 year ago
​​The capital infusion by the government would strengthen the green ambitions of all three companies, which already have set net-zero targets and drawn up a detailed roadmap to cut emissions.
Economic Times

Sebi slaps Rs 1 crore penalty on Fidelity for violating FPI norms - over 1 year ago
In August 2021, designated depository participant JP Morgan Chase informed Sebi about the delay in intimation of change in material information of Fidelity Investments Money Management. Following this, Sebi conducted an examination regarding the delay in intimation of change in material information.
Economic Times

Fed interest-rate hike seen a lock for July - over 1 year ago
The report, which showed employers hired 209,000 workers last month, is "consistent with steady and gradual slowing of the labor market," wrote III Capital Management's Karim Basta. While that's not enough to dissuade the Fed a July rate hike, he said, an increase in September is "very much an open question."
Economic Times

Rekha Jhunjhunwala raises stake in this Tata group stock in June quarter - over 1 year ago
Rekha Jhunjhunwala, an ace investor, has increased her holdings in Tata Communications during the June quarter, taking the total holding to 1.84%. The company is a part of the Tata Group and facilitates the digital transformation of businesses globally by providing connectivity, cloud hosting, security solutions, and media services.
Economic Times

JP Morgan pays Rs 22 lakh to settle FPI case with Sebi - over 1 year ago
According to a Sebi order, JP Morgan had delayed disclosing the information to the regulator that Fidelity Management and Research Company had operated in Indian markets as an FPI despite not having the registration post its merger with Fidelity Investments Money Management.
Economic Times

Reliance Retail to reduce share capital, to pay Rs 1,362 per share - over 1 year ago
NEW DELHI: Billionaire Mukesh Ambani-led Reliance Industries (RIL) on Friday announced that its board has approved a proposal to reduce the equity share capital of its subsidiary Reliance Retail to the extent held by shareholders other than its promoter and holding company.
Economic Times

Sebi enhances accountability of mutual fund' Trustees - over 1 year ago
The Securities and Exchange Board of India (Sebi) has outlined new responsibilities for mutual fund Trustees to protect unit holders' interests. Trustees will be responsible for ensuring fees and expenses are fair, preventing mis-selling and fraudulent transactions, and monitoring system-level checks to prevent market abuse and front running.
Economic Times

US stocks open lower after payrolls report - over 1 year ago
Data shows U.S. job growth has slown more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a seven-month high and fairly strong wage gains continuing
Economic Times

Indian Oil Corp to raise Rs 22,000 cr through rights issue - over 1 year ago
Indian Oil Corporation (IOC) plans to raise up to INR 22,000 crore through a rights issue, which is subject to regulatory approvals. The company also approved the formation of a joint venture firm with Sun Mobility for battery swapping services in India, with IOC's equity investment of INR 1,800
Economic Times

​These 5 midcap stocks touch their new 52-week high; gain up to 25% in a month - over 1 year ago
The benchmark index, Sensex experienced a decline of 505 points, reaching a closing level of 65,280. Despite this significant market drop, five stocks from BSE midcap index reached a new 52-week high. The 52-week high holds crucial importance for specific traders and investors, serving as a vital technical indicator for evaluating a stock's present value and predicting potential price fluctuations. It represents the highest price at which a stock has been trading during the previous year.
Economic Times

Tech View: Nifty breaks higher low pattern of last 7 days. What traders should do next week - over 1 year ago
Indian stock market index Nifty ended 165.5 points down on 9 July, breaking its higher lows formation of the previous seven trading days to form a long bear candle, with a long upper shadow according to charts. A small-bodied bullish candle has been seen on a weekly scale, where the index has formed higher lows for the past 15 weeks. However, it has to hold above 19,300 zones to extend the move towards 19,420 and fresh all-time high levels. Meanwhile, analysis from multiple experts recommended traders could take long positions at 19,200 with a 19,150 stop loss for contra trades.
Economic Times

​4 stocks witnessing consolidation after strong trend, shows ADX scan​ - over 1 year ago
ADX or Average Direction Index is a technical analysis tool that helps to quantify the trend strength. ADX is computed based on a moving average of price range expansion over a given time period. Here, we have identified 4 major counters whose ADX has gone below 40. Note the data here is from the previous trading day (Source: StockEdge).
Economic Times

Reliance Retail opts for reduction of share capital, payout at Rs 1,362/ share - over 1 year ago
"The Board of Directors of the Company at its meeting held on July 4, 2023, approved a proposal to reduce the equity share capital to the extent held by shareholders other than its Promoter and holding company, namely, Reliance Retail Ventures Limited," RIL said in a regulatory filing.
Economic Times

A look at the world's top 10 most valuable stock exchanges - over 1 year ago
Do you know that India's NSE is among the world's top 10 most valuable stock exchanges? But on which number does it stand, and who is number 1? Here's all you need to know. Watch!
Economic Times

Zee Entertainment among 10 stocks that cross 50-day SMA - over 1 year ago
The 50 SMA represents the average closing price of a stock over the past 50 days and is closely watched by investors. In this article, we will analyze several stocks that crossed their 50 SMA on July 6, 2023. Let's dive into the details and explore these companies. (Data Source
Economic Times

Sun TV among 4 stocks giving bullish signals as MACD moves above zero - over 1 year ago
MACD or Moving average convergence divergence is a momentum indicator used in technical analysis. The metric shows the relationship between two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Also, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides a likely trading strategy in a stock i.e. a buy or a sell.
Economic Times

Bears snub bulls: Sensex plunges over 500 pts, Nifty below 19,400 on US rate hike jitters - over 1 year ago
Power Grid, IndusInd Bank and NTPC were the top Nifty laggards, while Tata Motors, Titan M&M, SBI and TCS ended with gains. Among individual stocks, Kalyan Jewellers closed over 5% higher after a strong Q1 business update
Economic Times

Sensex resumes downtrend after 1-day break, plunges 505 pts; Nifty below 19,350 - over 1 year ago
Closing Bell: Sensex resumes downtrend after 1-day break, plunges 505 pts; Nifty below 19,350; ZEEL jumps 9%, Dabur falls 3%
Economic Times

Indian indices on a new high: What’s next? - over 1 year ago
After digesting all of the above, the markets have scaled new lifetime highs and are poised for some more in the coming few months. However, certain points need to be watched to play out the next 6-12 months considering we approach the 2024 general elections in April–May of next year.
Economic Times

RSI for these 9 stocks slips below 50, signalling downtrend ahead - over 1 year ago
RSI or Relative Strength Index computes the ratio of the recent upward price movement of the security to the absolute price movement. The metric ranges from 0-100 and the time period considered by StockEdge is 14 days. Typically, RSI is the momentum indicator used in the technical analysis of stocks and helps to determine the overvalued or undervalued state of the security.
Economic Times

Zee Entertainment among 10 stocks that cross 200-day SMA - over 1 year ago
The 50 SMA represents the average closing price of a stock over the past 50 days and is closely watched by investors. In this article, we will analyze several stocks that crossed their 50 SMA on July 6, 2023. Let's dive into the details and explore these companies. (Data Source
Economic Times

Jio Financial Demerger: Mukesh Ambani ready to unlock value for 36 lakh RIL shareholders well before Diwali - over 1 year ago
Market insiders believe that Ambani may announce the record date for the allotment and listing of Reliance Strategic Investments, which would be renamed to JFSL, in July or August. In the company's annual general meeting (AGM), the date of which has not been announced yet, Ambani is expected to lay out the roadmap for JFSL before it gets listed on stock exchanges.
Economic Times

Mukesh Ambani ready to unlock value for 36 lakh RIL shareholders well before Diwali - over 1 year ago
Market insiders believe that Ambani may announce the record date for the allotment and listing of Reliance Strategic Investments, which would be renamed to JFSL, in July or August. In the company's annual general meeting (AGM), the date of which has not been announced yet, Ambani is expected to lay out the roadmap for JFSL before it gets listed on stock exchanges.
Economic Times

Technical breakthrough: Hindustan Zinc, Sunteck Realty among 6 stocks cross 100-day SMA - over 1 year ago
The crossing of a stock's price above its 100 Simple Moving Average (SMA) is an important technical signal indicating a potential shift in market momentum. Several companies, including Hindustan Zinc, Indiabulls Real Estate, Deepak Fertilisers And Petrochemicals Corporation, Petronet LNG, KNR Constructions, and Sunteck Realty saw their stock prices cross the 100 SMA on July 6, 2023.
Economic Times

9 stocks surge above 200 SMA: Cipla, Trident and DCM Shriram lead the rally - over 1 year ago
Several stocks, including Jamna Auto Industries, Avanti Feeds, CESCC, Container Corporation of India, Trident, KNR Constructions, DCM Shriram, Rain Industries and Cipla, surpassed their 200 Simple Moving Average on July 6, 2023, indicating a bullish momentum shift.
Economic Times

Coforge, Century Textiles among 10 BSE smallcap stocks hit 52-week high - over 1 year ago
The S&P BSE SmallCap Index surged as several small-cap companies, including Ahluwalia Contracts, Anand Rathi Wealth, and Chennai Petroleum Corporation, hit new 52-week highs. Other companies achieving significant milestones include The Anup Engineering, Black Box, Bombay Burmah Trading Corp, CCL Products
Economic Times

​7 stocks with strong EBITDA margins turned multibaggers in just 3 months - over 1 year ago
The EBITDA margin, a financial measure, assesses a company's profitability by comparing its earnings before interest, taxes, depreciation, and amortization (EBITDA) to its total revenue. This measure indicates the company's ability to generate profits from its core business activitiesA healthy EBITDA margin signifies positive aspects such as profitability, financial stability, and investment opportunities. ETMarkets identified seven stocks that consistently maintained an EBITDA margin above 20% in each of the last four quarters of FY23. These stocks experienced remarkable share price growth of over 100% in FY24 within a short three-month period. We've considered only stocks with a market cap over Rs 500 crore.However, it is important to recognize that a high EBITDA margin alone does not guarantee long-term success or sustainability. It is crucial to consider additional factors such as cash flow, debt levels, market conditions, competitive landscape, and the company's overall strategy and execution when evaluating a company's prospects.
Economic Times