Indians join the US party in big tech stocks - over 1 year ago
"Tesla, Amazon, Apple, Microsoft, Google, Facebook and Nvidia were the top stocks traded on our platform, which saw trading volumes grow by 37% in H1 2023 compared to H2 2022, while buy transactions went up by 41%," said Viram Shah, CEO and cofounder, Vested Finance, an online investment platform that deals with US stocks.
Economic Times

Companies' revenue growth in Q1 may slow down, but margins to rise: Crisil - over 1 year ago
For the first time in eight quarters, Indian corporates' aggregate revenue could see a decline as demand slowed and commodity prices fell, but profitability may improve marginally as raw materials prices eased, said Crisil.
Economic Times

Foreign banks' exposure to trades in long-term bonds not a concern: RBI - over 1 year ago
The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major reasons for concern at the current juncture.
Economic Times

All you need to know about RIL-Jio Financial demerger - over 1 year ago
It will be a special pre-open session for the purpose of price discovery in Reliance Industries shares (excluding the financial services business following the demerger).
Economic Times

Sensex tops 67,000 for first time, even profit-booking's no dampener - over 1 year ago
The Sensex closed at a record 66,795, up 205.21 points, or 0.31%, from the previous record-high closing of 66,589. The index topped 67,007 in the late morning trade before paring some of its gains. The Nifty, too, made a fresh all-time closing high of 19,749, up 37.80 points or 0.19%. It scaled a new high of 19,819, beating Monday's record of 19,731.
Economic Times

​Route Mobile among 9 stocks that can see move up from current downtrend​ - over 1 year ago
On the candlestick screener scan performed on Tuesday, a bullish reversal pattern helps identify stocks that can move upwards from a downward zone. So, here are 9 stocks with m-cap over Rs 1,000 crore that have established a Bullish Cross pattern and hint at a bullish reversal in the future. (Source: StockEdge)
Economic Times

HDFC Bank can rise up to 25% with attractive valuations - over 1 year ago
"We think the bank's current valuation of 2.9x FY24E BVPS (pure bank) does little justice to its compounding potential and low balance-sheet risk," said BNP Paribas Securities in a note to clients.
Economic Times

​4 midcap stocks on candlestick scan emit signs that bears may take over​ - over 1 year ago
A bearish reversal scan on the candlestick screener can help ascertain stocks that can slip downwards from an upward zone. So, here are 4 midcaps that established a Hanging Man pattern on Tuesday and signal a bearish reversal. (Source: StockEdge)
Economic Times

Stock Radar: Near 30% fall from highs! Is Voltas a contra buy at current levels? - over 1 year ago
The stock has hit a 52-week high of Rs 1,063 on July 20, but failed to hold on to the momentum. It closed at Rs 763 on July 17, which translates into a fall of over 28%. The stock has found resistance around Rs 720-730 levels multiple times in January, February and March 2020, and retested the above support area again in January 2023. It then bounced back
Economic Times

Dow, S&P 500 rise after upbeat earnings from big banks - over 1 year ago
At 11:38 a.m. ET, the Dow Jones Industrial Average was up 352.71 points, or 1.02%, at 34,938.06, the S&P 500 was up 14.90 points, or 0.33%, at 4,537.69, and the Nasdaq Composite was down 14.91 points, or 0.10%, at 14,230.04.
Economic Times

Stocks exchanges revise enhanced surveillance measure framework - over 1 year ago
ESM rules were introduced on June 4 for highly volatile micro-small cap companies with a market cap of less than Rs 500 crore. Many investors complained that they could not exit these stocks as they are traded once a week. A company Mercury EV Tech has challenged the new rule at the Securities Appellate Tribunal (SAT).
Economic Times

Clarios ARBL sells entire 14% in Amara Raja Batteries via block deal; Kotak MF, Societe Generale pitch in as buyers - over 1 year ago
According to bulk deal data available with the exchanges, Clarios ARBL has offloaded about 2.39 crore shares in the company at a price of Rs 652.9. According to latest shareholding data, the company is majority owned by public shareholders at 71.94% stake, while promoters own the rest 28.06%.
Economic Times

Sebi, exchanges ease trading rule for stocks under enhanced surveillance framework - over 1 year ago
Under the existing ESM framework rule, stocks were allowed to trade only once a week. However, trading in them will now be allowed on all days, the exchanges said in a circular.
Economic Times

Market Trading Guide: Bharti Airtel, LTIMindtree among 5 stock recommendations for Wednesday - over 1 year ago
Benchmark indices continued their euphoric rally relentlessly for the fourth day on Tuesday, reaching new all-time high closing levels, amid fresh foreign fund inflows and a positive trend in the US and European markets. Robust buying in IT major Infosys also contributed to the domestic benchmark indices optimism.Nifty ended Tuesday’s session at 19,759, while Sensex advanced another 205 points and settled at 66,795. Broader markets, meanwhile, ended with losses.Sectorally, all the indices ended in the red barring Nifty IT, Nifty Private Bank and Nifty Oil and Gas.“The global market scenario remains favorable for the bullish sentiment. The weakening of the US dollar and the resulting capital inflows into emerging markets can provide resilience to the market,” said Ameya Ranadive CMT CFTe, Equity Research Analyst, Choice Broking.Here are the stock recommendations for Wednesday:
Economic Times

Euro zone bond yields tumble to 3-week low on weak data, ECB remarks - over 1 year ago
Euro zone government bond yields hit their lowest since June, led by the benchmark German 10-year bond, as economic data and comments from ECB officials suggested the current tightening cycle may be over soon. Some analysts argued that the ECB might leave the deposit facility rate at 3.75% in September, following a potential inflation forecast revision.
Economic Times

Rekha Jhunjhunwala sells 5% in Rallis India via block deal; promoter Tata Chemicals buys additional stake - over 1 year ago
According to data available with the exchanges, Rekha Jhunjhunwala has offloaded 97 lakh shares or nearly 5% stake in the company. The transaction was done at a price of Rs 215 apiece, fetching the investor about Rs 208 crore. Rallis India has recently announced its first quarter earnings, where it has recorded a revenue of Rs 782 crore, down from Rs 863 crore clocked in the previous year quarter.
Economic Times

BOJ's Ueda: Still some distance to hit 2% inflation target - over 1 year ago
His remarks came in response to a question on whether the central bank saw the need to tweak YCC at its rate review later this month.Under YCC, the BOJ guides short-term interest rates at -0.1% and buys huge amounts of government bonds to cap the 10-year bond yield around 0% as part of efforts to fire up inflation to its 2% target
Economic Times

S&P 500 inches down as investors digest more big bank earnings - over 1 year ago
Dow rises 11.73 points at the open; Nasdaq Composite drops 33 points
Economic Times

These 7 commodity stocks record their new 52-week high; gain up to 36% in a month - over 1 year ago
On Tuesday, the benchmark index Sensex experienced another remarkable upswing, advancing approximately 205 points and concluding at yet another lifetime high level of 66,795. Amid this impressive climb, 7 stocks listed on the BSE commodities index reached new peaks within the past 52 weeks. The 52-week high serves as a vital technical indicator to evaluate a stock's current value and predict potential price fluctuations. It represents the highest price at which a stock has been trading in the preceding year
Economic Times

Tech View: Nifty forms small red candle but base shifting higher. What traders should do on Wednesday - over 1 year ago
Options data suggests a shift trading range between 19,400 to 20,000 zones while an immediate trading range between 19550 to 19900 zones.
Economic Times

Breakout Stocks: How Medplus Health, Sheela Foam and NMDC Steel are looking on charts for Wednesday’s trade - over 1 year ago
Stocks that were in focus include names like Medplus Health Services which hit a fresh 52-week high, Sheela Foam rose more than 4% with strong volumes, and NMDC Steel closed with gains of nearly 4% to hit a fresh 52-week high.
Economic Times

Sebi orders attachment of bank, demat, MF accounts of Videocon's Dhoot to recover dues - over 1 year ago
The latest decision has been taken after Dhoot failed to pay the fine imposed on him in March by Sebi for not making disclosures about his interest in Supreme Energy as well as for not disclosing that Quality Techno Advisors Pvt Ltd (QTAPL) and Credential Finance Ltd (CFL) were related parties with respect to certain transactions
Economic Times

Tata Chemicals buys 97 lakh shares of subsidiary Rallis India for Rs 208 cr - over 1 year ago
Agri inputs firm Rallis is into manufacturing, distribution, sales and marketing of crop protection and crop nutrition products, and a variety of field crop and seeds.Recently, Rallis reported a marginal fall in net profit at Rs 63 crore for June quarter as against Rs 67 crore in the year-ago period
Economic Times

Breakout Stocks: How are Medplus Health, Sheela Foam, and NMDC Steel looking on charts for Wednesday’s trade? - over 1 year ago
Stocks that were in focus include names like Medplus Health Services which hit a fresh 52-week high, Sheela Foam rose more than 4% with strong volumes, and NMDC Steel closed with gains of nearly 4% to hit a fresh 52-week high.
Economic Times

RIL, Ashok Leyland among 6 BSE 100 stocks which hit 52 week highs on Tuesday - over 1 year ago
Six esteemed companies listed on the BSE Sensex hit their 52-week highs, including Apollo Hospitals Enterprise, Ashok Leyland, Colgate Palmolive, ICICI Bank, Reliance Industries, and United Spirits. These companies offer a range of goods and services spanning healthcare, commercial vehicles, consumer goods, banking and financial services,
Economic Times

One Tata Group stock among 6 largecaps in oversold zone, suggests Stochastic Oscillator - over 1 year ago
As per the Stochastic Oscillator i.e. a momentum indicator, some of the below-specified largecaps are in the oversold zone. Remember, as per the Stochastic indicator, the stock is said to be oversold when the slow Stochastic value is below 20.
Economic Times

AIA Engineering among 5 S&P BSE 150 Midcap stocks which hit 52-week highs on Tuesday - over 1 year ago
Eleven stocks on the S&P BSE 150 Midcap Index hit a 52-week high on 18 July. Alkem Laboratories, Ashok Leyland, AIA Engineering, CG Power and Industrial Solutions, and 360ONE among them. Achieving a new 52-week high is a significant factor for investment decision-making
Economic Times

Ashish Kacholia picks two fresh smallcap multibagger stocks in June quarter - over 1 year ago
Ace investor Ashish Kacholia has added two smallcap multibagger stocks to his portfolio during the June quarter. Kacholia picked up a 1.6% stake in Ugro Capital and 1.2% in SG Finserve, both companies in which he hasn't had any holding previously.
Economic Times

TCS, Escorts Kubota among 10 overbought stocks with bearish RSI - over 1 year ago
RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.
Economic Times

RIL, Ashok Leyland among 6 BSE Sensex stocks which hit 52 week highs on Tuesday - over 1 year ago
Six esteemed companies listed on the BSE Sensex hit their 52-week highs, including Apollo Hospitals Enterprise, Ashok Leyland, Colgate Palmolive, ICICI Bank, Reliance Industries, and United Spirits. These companies offer a range of goods and services spanning healthcare, commercial vehicles, consumer goods, banking and financial services,
Economic Times

Sensex ends at fresh record high, up 205 pts; Nifty near 19,750 - over 1 year ago
Closing Bell: Sensex ends at fresh record high, up 205 pts; Nifty near 19,750; Polycab surges 6%, Paytm falls 2%
Economic Times

ITC, Bharti Airtel among 10 stocks with Golden Crossover pattern. Know what it signifies? - over 1 year ago
44 stocks from Nifty50 have experienced the Golden Crossover technical pattern, indicating a shift in momentum from bearish to bullish, ETMarkets reports. The cross occurs when a stock's short-term moving average, the 50-day simple moving average (SMA), passes above its long-term 200-day SMA.
Economic Times

Rekha Jhunjhunwala buys over 6,00,000 more shares of this Tata Group stock in Q1 - over 1 year ago
Rekha Rakesh Jhunjhunwala, a prominent Indian investor, has increased her stake in Titan Company by purchasing an additional 6,50,000 shares in the June quarter, thereby strengthening one of her oldest investments. Titan was among the top-performing stocks in the Nifty50 pack for the quarter, rising by more than 21%.
Economic Times

Gains in IT stocks drive Sensex 205 pts higher to record close; Nifty near 19,750 - over 1 year ago
By ending 3.7% higher, Infosys was the top gainer in the Nifty50 pack, followed by Asian Paints, HCL Tech and Reliance Industries. On the other hand, LTIMindtree, HDFC Life, and SBI limited the upside with losses of around 1-3% each.
Economic Times

L&T Tech Q1 Results: Net profit rises 13% YoY to Rs 311 crore; revenue up 15% - over 1 year ago
The company has clocked revenues of Rs 2,301 crore for the quarter under review, up 15% from Rs 2,006 crore in the corresponding quarter of previous fiscal.
Economic Times

OneTata Group stock among 6 largecaps in oversold zone, suggests Stochastic Oscillator​ - over 1 year ago
As per the Stochastic Oscillator i.e. a momentum indicator, some of the below-specified largecaps are in the oversold zone. Remember, as per the Stochastic indicator, the stock is said to be oversold when the slow Stochastic value is below 20.
Economic Times

​9 stocks with over Rs 10,000 cr m-cap flash bearish signals as MACD crosses below signal line​ - over 1 year ago
These stocks give bearish signals, indicating that it may be time to sell the counters as the MACD crosses from above to below the signal line. Note: Data given is as of July 17. (Source: StockEdge)
Economic Times

Wipro, Asian Paints among 10 overbought stocks with RSI above 70 - over 1 year ago
Over 90 stocks were trading in an overbought zone on July 17, with an RSI value above 70, according to StockEdge data. The RSI indicator is a momentum oscillator measuring the speed and change of price movements in a stock. An RSI reading above 70 indicates that the stock may be overvalued or trading at a higher value
Economic Times

European shares gain on boost from Novartis, telecom stocks drag - over 1 year ago
Europe's healthcare sector, up 0.4%, also got a boost from 3.9% gains in shares of Swedish Orphan Biovitrum (SOBI) after the drugmaker's second-quarter earnings beat estimates.
Economic Times

​11 large and midcaps whose RSI crossed 70, suggesting overbought state​ - over 1 year ago
The RSI of a stock is the ratio of the recent upward price movements to the absolute price movement. The value of RSI ranges between 0-100 and the data computes the value of RSI taking 14 days as the reference period. Typically, RSI signals short-term buy and sell ideas in securities. So, here are the stocks whose RSI has crossed 70 and suggests an overbought state. (Source: StockEdge)
Economic Times

TCS, Escorts Kubota among 10 overbought stocks with RSI above 70 - over 1 year ago
RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.
Economic Times

Paytm falls nearly 3% after SoftBank sells additional 2% stake - over 1 year ago
In May, SoftBank sold 2.07% stake in the fintech company through a series of open market transactions.
Economic Times

Reliance spin-off Jio Financial Services worth Rs 160-190/share: Analysts - over 1 year ago
Reliance Strategic Investments, part of Indian conglomerate Reliance Industries, will be demerged on July 20 and renamed Jio Financial Services (JFS). Estimates by five analysts suggest that the valuation of the financial services could be between INR160 ($1.95) and INR190 ($2.32) per share. .
Economic Times

Angel One, NTPC among 10 stocks with RSI trending down - over 1 year ago
The Relative Strength Index (RSI) is a valuable tool for investors seeking to navigate market volatility and make strategic choices. RSI measures the strength of a stock's price movement and helps identify overbought and oversold conditions, trend confirmation, divergence signals, and potential price reversals
Economic Times

HDFC Bank, Tata Power among 10 stocks with RSI trending up - over 1 year ago
When the RSI is above 70, it is considered overbought, indicating that the stock may be due for a correction or price pullback. Conversely, when the RSI is below 30, it is considered oversold, suggesting that the stock may be undervalued and due for a potential rebound.
Economic Times

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod - over 1 year ago
Going by the draft papers, Piramal Pharma will issue fully paid-up equity shares of the company by way of a rights issue to its existing eligible shareholders for an amount aggregating up to Rs 1,050 crore.
Economic Times

GQG Partners doubles down on Adani Enterprises; stock price zooms 35% in 3 months - over 1 year ago
Foreign institutional investors (FIIs) are increasing their stakes in Adani Enterprises, the flagship company of the Adani Group, for the second consecutive quarter. FIIs now hold a cumulative stake of 19.34% in the company, up from 17.75% in the previous quarter. The increase follows further investments made by GQG Partners in the last quarter
Economic Times

After rising over 120% this year, will defence stocks strike again or run out of steam? - over 1 year ago
Shares of Mazagon Dock Shipbuilders, India’s only shipyard to have built destroyers and conventional submarines for the navy, have gone through the roof, rising 122% so far this year. Shares of Data Patterns, a vertically-integrated defence and aerospace electronics solutions provider have rallied 87%, Hindustan Aeronautics (HAL) has advanced over 50%, while Bharat Electronics and Garden Reach Shipbuilders & Engineers have surged 26% each on a year-to-date (YTD) basis.
Economic Times

GQG Partners doubles down bet on Adani Enterprises; stock price zooms 35% in 3 months - over 1 year ago
Foreign institutional investors (FIIs) are increasing their stakes in Adani Enterprises, the flagship company of the Adani Group, for the second consecutive quarter. FIIs now hold a cumulative stake of 19.34% in the company, up from 17.75% in the previous quarter. The increase follows further investments made by GQG Partners in the last quarter
Economic Times

Unique Picks: These 10 stocks held by only one MF scheme surge 50-150% YTD - over 1 year ago
ETMarkets analysis of mutual funds focuses on stocks exclusively held by a single scheme. Initially, the list contained 176 stocks in June. However, we refined the list by including only those stocks held by mutual fund schemes with a market value of over Rs 25 crore as of June 2023 and experienced a price increase of more than 50% in the current calendar year. Following this selection process, we successfully identified 10 stocks that met the specified criteria. Intriguingly, three of these stocks have become multibaggers in 2023 so far. (Data Source: ACE MF, ACE Equity)
Economic Times