Golden Crossovers: These 4 stocks signal further bullishness - almost 2 years ago
In the NSE list of stocks, four stocks with a market cap of over Rs 2,000 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. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on December 5. Take a look:
Economic Times

Midcaps flexing muscles as 2 out of 3 BSE500 stocks above 200-DMA. Should you ride the tide? - almost 2 years ago
On the other hand, prominent names among those trading below their 200-DMAs are Adani Transmission, Adani Green Energy, Bajaj Auto, Bajaj Finance, Bandhan Bank, Paytm and Gland Pharma. Stocks trading below their 200-DMAs may be in the oversold zone.
Economic Times

Want to invest in Warren Buffett style? Check out these 6 Indian stocks - almost 2 years ago
A former student of Benjamin Graham, CEO of Berkshire Hathaway and current primary shareholder Warren Buffett is one of the most successful investors of all time. Buffett is noted as a legendary value investor, who emphasises on management quality and company growth prospects. Based on the ideas of Warren Buffett, a custom screen made by MarketSmith focuses on metrics looking for companies with long-term past and potential future growth.Here are 6 stocks that match Warren Buffett’s style of investing, as listed on MarketSmith:
Economic Times

Hot Stocks: Morgan Stanley raises target price for Bank of India, Bank of Baroda - almost 2 years ago
The domestic brokerage firm believes that the outperformance of PSU stocks is likely to continue moving forward, and the next big trigger for the market will be budget expectations.
Economic Times

At multi-year highs: These 6 stocks gave 5-year breakouts on December 5 - almost 2 years ago
In the NSE list of stocks with a market cap of over Rs 2,000 crore, six stocks crossed their previous 5-year high value at the close on December 5, 2022 suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look:
Economic Times

Sensex loses 300 points, Nifty nears 18,600; TCNS Clothing jumps 5% - almost 2 years ago
Sensex sheds 300 points, Nifty nears 18,600; TCNS Clothing jumps 5%, PNC Infra falls 3%.
Economic Times

​GoldenCrossovers: These 4 stocks signal further bullishness - almost 2 years ago
In the NSE list of stocks, four stocks with a market cap of over Rs 2,000 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. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on December 5. Take a look:
Economic Times

Sensex falls 350 points as strong US data stokes Fed rate hike fears - almost 2 years ago
Among sectoral indices, Nifty IT and metal indices shed 1% each, followed by weakness in pharma, auto, realty and financial services stocks. On the other hand, only the Nifty PSU Bank index was trading in the green.
Economic Times

Stocks to buy today: 10 short-term trading ideas by experts for 6 December 2022 - almost 2 years ago
S&P BSE Sensex and Nifty50 closed mixed on Monday. Nifty50 managed to hold on to 18700 levels.
Economic Times

Trader's Guide: These 2 stocks have up to 6% upside scope - almost 2 years ago
The markets on Monday slipped below the 18,600 but recovered at the end of the day. Their breadth is still causing concern as only a little over half of the Nifty stocks ended with gains.
Economic Times

Stocks ease from 3-month highs, dollar firms up on strong U.S. data - almost 2 years ago
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4%, after climbing to a three-month high in the previous session. The benchmark has gained 21% from October lows on persistent chatter about China easing pandemic measures.
Economic Times

Exit polls predict BJP victory in Gujarat, yet D-Street to have a silent party - almost 2 years ago
“We have observed over the years that the exit poll has had little influence on market sentiments. At most, it will have an effect within the first half-hour or hour of the market opening,” said Sunil Damania, chief investment officer at MarketsMojo.
Economic Times

Big Movers on D-St: What should investors do with JK Lakshmi Cement, Kalyan Jewellers and Chambal Fertilizers? - almost 2 years ago
The stock oscillated downwards post a trendline breakout and bounced respecting that extended trendline subsequently. This could take the stock towards Rs 332-340-357 in the short term. The key technical indicators gave a buy signal post-bullish divergence. On the lower side, the stock will find support around its prior swing low, which is placed at around Rs 279.
Economic Times

Corporate Radar: Star Housing Finance, Markolines Pavement Technologies board meeting & more - almost 2 years ago
The board of directors of Wardwizard Innovations & Mobility is to consider the proposal of raising funds by way of issuance of any instruments or securities, including equity shares.
Economic Times

Buy or Sell: Stock ideas by experts for December 06, 2022 - almost 2 years ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on DLF and SBI while Kunal Bothra has a buy/sell recommendation on Indusind Bank and NTPC for today's trading session. Check out the targets and stop-loss.
Economic Times

Coal India: Short term Bullish - almost 2 years ago
Coal India is in a bearish trend for some time however in the last trading session, it closed around 2.0% positive. The path of least resistance looks to be on the upper side. Based on option chain analysis, the range is between 220 and 240 and we are around the middle end of this range. Let’s plan a trade around this.
Economic Times

Stocks in focus: Vedanta, HDFC and more - almost 2 years ago
Nifty futures on the Singapore Exchange traded 61 points, or 0.32 per cent, lower at 18,749, signaling that Dalal Street was headed for a negative start on Tuesday. Here are some stocks which may buzz the most in today's trade.
Economic Times

Stocks in the news: HDFC, Tata Motors, Vodafone Idea, TVS Motors and IRB Infra - almost 2 years ago
Life Insurance Corporation of India, the country's largest insurer, has increased its stake in HDFC to over 5 per cent following the acquisition of shares from the open market.
Economic Times

US stock market: Nasdaq, Dow slide as services data spooks investors about Fed rate hikes - almost 2 years ago
In other economic data this week, investors will also monitor weekly jobless claims, producer prices and the University of Michigan's consumer sentiment survey for more clues on the health of the U.S. economy.
Economic Times

SGX Nifty down 60 points; here's what changed for market while you were sleeping - almost 2 years ago
Nifty futures on the Singapore Exchange traded 61 points, or 0.32 per cent, lower at 18,749, signaling that Dalal Street was headed for a negative start on Tuesday.
Economic Times

ICICI Pru BAF trims equity exposure to lowest in a decade - almost 2 years ago
The equity allocation of the ICICI Prudential Balanced Advantage Fund (BAF), a scheme that invests in both stocks and bonds based on stock market valuations, has been cut to 30.5% as of November 30, 2022. This is the smallest equity exposure since August 2018 when it briefly touched 30.14% and was subsequently raised to 39.7% in September.
Economic Times

Proxy advisor for voting against audit of KBL's legal costs - almost 2 years ago
Sanjay Kirloskar-led Kirloskar Brothers (KBL) called an extraordinary general meeting (EGM) on December 8 in response to the demand from Atul Kirloskar-controlled Kirloskar Industries (KIL) that an independent forensic auditor be appointed to conduct an external forensic audit on KBL's legal expenses, aggregating to ₹274 crore.
Economic Times

India's capex cycle sets the stage for a $10 trillion economy - almost 2 years ago
Most of this will require a sizeably higher dose of capital investments from every constituent in the economy. Gross fixed capital formation (GFCF) forms around 30% of India's GDP at $790 billion. Public and private capex are stronger, while infrastructure and industrial capex were flat over the last decade. India has witnessed a sluggish investment cycle for the past 10 years since peaking in FY11, following the recovery from the Global Financial Crisis (GFC).
Economic Times

Adani's open offer for NDTV subscribed 32% - almost 2 years ago
Once the ₹493-crore open offer goes through, the Gautam Adani-led conglomerate's stake in the news broadcaster will increase to 37.44%. In August, Adani acquired a 29.18% stake in the broadcasting company. As of September 30, 2022, promoters Prannoy Roy and Radhika Roy owned 15.94% and 16.32% stakes in the company.
Economic Times

Stock Radar: Relative Strength charts suggest that this NBFC firm could see double-digit upside in 2-3 months - almost 2 years ago
The stock hit a 52-week high of Rs 1,559 on January 5, 2022, but failed to hold on to the momentum
Economic Times

Stock Radar: Buy Muthoot Finance for a target of Rs 1320, says Gaurav Bissa - almost 2 years ago
"The ratio chart of Muthoot finance against Nifty Financial Service shows 9-year rising channel pattern. The ratio has bounced from the lower band of the channel after retesting the previous breakout area suggesting strong outperformance against its peers in the coming time," Gaurav Bissa, VP, InCred Equities, said.
Economic Times

Banks want investments in FDs up to Rs 5 lakh to be made tax free - almost 2 years ago
The Indian Banks Association (IBA) made the representation on behalf of banks, which have lately seen deposit growth trail the pace of credit expansion.
Economic Times

Maxivision plans to raise $100 million - almost 2 years ago
​​The Hyderabad-based company has appointed investment bankers and plans to complete the fund raise process by the end of March 2023. GSK Velu, chairman of Maxivision and serial entrepreneur in an interview to EsT, said the proceeds of the potential fund raise would be used for acquiring eye care practices in southern and western India with aim of reaching ₹1000 crore turnover in next three years.
Economic Times

Metal stocks shine as China relaxes Covid-zero policy - almost 2 years ago
As many as 12 Chinese cities reportedly loosened Covid-related restrictions, a positive sign for an economy that has been grappling with strict virus measures for over two years. China is the top importer of various metals and minerals.
Economic Times

FPIs raise bullish bets as India outperformance picks up pace - almost 2 years ago
The six-month rolling cumulative inflow of FPIs has turned positive for the first time in a year at ₹34,539 crore ($4.14 billion) at the end of November 2022, data from NSDL show. This six-month rolling cumulative reading was the highest in 14 months as overseas investors invested $10 billion (₹84,799 crore) in the previous five months - the highest among the major emerging markets in the same period.
Economic Times

Vested Finance launches 2 portfolio options for retailers, take total count to 5 - almost 2 years ago
The FINRA-registered US broker-dealer, via its affiliate VF Securities, has announced two additional pre-built Vests in partnership with Xumit Capital and Ethical Advisors, which will enable the retailers to invest in the same
Economic Times

Wall St falls after strong service-sector data feeds hawkish Fed fears - almost 2 years ago
The aggressive policy tightening has also triggered worries of an economic downturn, with JPMorgan, Citigroup and BlackRock among those that believe a recession is likely in 2023.
Economic Times

LIC raises stake in HDFC Ltd to over 5% - almost 2 years ago
Earlier in April, HDFC Ltd decided to merge with its banking subsidiary HDFC Bank. Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about $40 billion, creating a financial services titan.
Economic Times

Market Trading Guide: DLF among 6 stock recommendations for Tuesday - almost 2 years ago
After opening on a marginally positive note, benchmark equity indices slipped into weakness in the early-mid part of the session. It later shifted into a gradual upside recovery with range-bound action in the later half on Monday. The S&P BSE Sensex ended 34 points lower at 62,835, while its broader peer Nifty 50 ended at 18,700 level.“The minor downward correction in Nifty is about complete and the market is set to show upside bounce from the lows in the short term. We expect 18,550-18,600 levels to be a support for the market to show upside bounce from the lows,” Nagaraj Shetti, Technical Research Analyst at HDFC Securities said.Here are 6 stock recommendations for Tuesday:
Economic Times

These 7 financial services stocks touch their new 52-week high - almost 2 years ago
The benchmark index Sensex closed a bit lower — about 34 points — to end at 62,834 on Monday. During the trade, 18 stocks from the BSE Financial Services index managed to touch new 52-week highs. To filter the list further, we considered only stocks with a market cap of over Rs 20,000 crore, and from that 7 stocks made the cut.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
Economic Times

Ahead of Market: 10 things that will decide D-Street action on Tuesday - almost 2 years ago
“We’re seeing consolidation on the expected lines, which is healthy after the recent surge. We expect the resumption of the trend soon, meanwhile focus on sectors that are attracting buying interest on every dip and select the stocks accordingly,” Ajit Mishra, VP - Research at Religare Broking, said.
Economic Times

Siphoning of IPO proceeds: Sebi bans Austral Coke, 4 others from securities market for 6 months - almost 2 years ago
It was alleged that the utilisation of funds as shown by the company in the quarterly results under the erstwhile listing agreement for the three quarters ended September 30, 2008, December 31, 2008 have been misstated.
Economic Times

Billionaire Adani becomes NDTV's biggest shareholder after open offer - almost 2 years ago
Although Adani's group was looking to take another 26% stake in NDTV, the open offer attracted bids for just 5.3 million shares, translating to an 8.3% interest in the company
Economic Times

Shriram group operationalises largest retail NBFC Shriram Finance; to focus on non-vehicle financing - almost 2 years ago
The new company, to be headquartered in Mumbai, has over 6.7 million customers being served at over 3,600 branches across the country, barring Nagaland, by its 57,000 employees of which 6,000 were added after the merger announcement.
Economic Times

Two entities settle front running case with Sebi; pays Rs 67.62 lakh - almost 2 years ago
The settlement came after Labdhi Enterprises and Parekh filed a joint settlement application to settle the pending proceedings "without admitting or denying the findings".
Economic Times

US VC firm Sequoia Capital sells 3.7% stake in Go Fashion for Rs 228 cr - almost 2 years ago
Through its affiliate Sequoia Capital India Investments IV, the venture capital firm sold 20,00,000 shares
Economic Times

US stocks open lower ahead of services sector data - almost 2 years ago
The Dow Jones Industrial Average fell 94.1 points, or 0.27%, at the open to 34335.73
Economic Times

Kirloskar Brothers calls EGM on December 8; to vote on forensic audit - almost 2 years ago
Kirloskar Industries has requisitioned EGM of Kirloskar Brothers. Kirloskar Industries demands appointment of independent forensic auditor to examine past legal expenses incurred by KBL. ET Now's Anujosh is here with all the details
Economic Times

Tech View: Nifty charts indicate declines being bought. Time to avoid short trades? - almost 2 years ago
The index has to hold above 18,600 zone for an up move towards 18,881-19,000 zone, whereas supports are placed at 18,550 and 18,442 zones, said Chandan Taparia of Motilal Oswal.
Economic Times

RBI MPC meet: Will the Central Bank go for a moderate rate hike? Here's what to expect - almost 2 years ago
Easing inflation expectations both in India and abroad, indications of slower rate hikes in the US and worries over a global economic slowdown are likely to ensure a smaller interest rate increase by the Reserve Bank of India (RBI) this week, bankers and economists expect. As against three successive hikes of 50 basis points, the RBI is expected to raise rates by 25-35bps.
Economic Times

Gainers & Losers: Hindalco, Godrej Prop among 8 stocks in limelight on Monday - almost 2 years ago
It was a listless session for domestic equities on Monday as investors cashed in on the recent gains, awaiting Gujarat assembly elections exit polls and RBI’s monetary policy action.RBI’s three-day meet began on Monday, and the outcome will be announced on Wednesday. Exit polls of the Gujarat assembly elections will be released around 5 pm Monday.Nifty 50 ended flat at 18,701, and Sensex ended 0.1% down at 62,834 points.Following are the stocks that were in the limelight:
Economic Times

Sensex, Nifty end flat; metal stocks shine; Zomato tumbles 5% - almost 2 years ago
Indian shares closed largely flat on Monday as upbeat November services activity data helped reverse earlier losses in the final minutes of a volatile session. The S&P BSE Sensex closed 0.05% lower at 62,834.60. The NSE Nifty 50 index settled 0.03% higher at 18,701.05. Both the indexes fell as much as 0.6% earlier in the session.
Economic Times

Indices end flat after volatile trading; Sensex settles 34 pts lower, Nifty holds 18,700 - almost 2 years ago
In the Sensex pack, Reliance, Tech Mahindra, UltraTech Cement, Dr Reddys Lab, Axis Bank, Bharti Airtel and Bajaj Finserv were among the top losers
Economic Times

Medplus rallies 31% as scrip sharply rebounds from 52-wk lows; is there more steam left? - almost 2 years ago
Gross margin was impressive at 21.7%, upheld by private label share and store expansion was on track with 614 stores in H1FY23. It had a ‘buy’ rating on the counter but its target price of Rs 750 has already been hit by the company.
Economic Times

Crorepati stock! Amitabh Bachchan makes multibagger returns from smallcap - almost 2 years ago
The stock was trading around Rs 408 per share on NSE in Monday’s trade. Since listing, it has given an astonishing return of 444%. So far in the calendar year, it has surged nearly over 58%.
Economic Times