Currently, around 452 or 90 percent firms in Nifty 500, around 95 in Nifty Midcap 100 and 90 in Nifty Smallcap 100 are trading above the 200 DMA. Analysts say this indicates that they are potentially nearing an overbought zone
In today's edition of Newspresso here's what you can look forward to. From global news updates; a 6.8-magnitude earthquake hit Morocco on Friday. Many residents in Morocco's historic city of Marrakesh have been left homeless after a powerful earthquake. Moving on to India Insights big news coming in from G20 Summit where PM Modi unveiled a connectivity corridor for economic integration between India, the Middle East and Europe. And moving on to the trends sector Djokovic won the US Open title. This is his fourth US Open title and 24th Grand Slam title. For more watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
Sensex Today | Stock Market LIVE Updates: The S&P 500 closed slightly higher on Friday but well below its session high and all three of Wall Street's major averages posted weekly declines as investors worried about interest rates and waited anxiously for upcoming U.S. inflation readings.
Stocks to watch: Check out the companies making headlines before the opening bell, on September 11, 2023.
Sobha has seen a decisive breakout of falling resistance trendline adjoining highs of July 26 and September 5, with strong bullish candlestick pattern on the daily charts. The stock rallied nearly 11 percent to Rs 682 and formed significantly higher volumes.
The undertone seems upbeat with ‘buy on dip’ being the most suitable approach.
On September 8, a freak trade in Sensex call options of 67,000 strike sent the premium shooting from Rs 4.30 to Rs 209 and then falling back to Rs 5 within seconds
Even as domestic equity markets posted solid gains last week, foreign institutional investors sold India equities worth Rs 9,300 crore. Going ahead, this is a key monitorable
The equity benchmarks gained almost 2 percent for the week, with all sectoral indices ending in the green. The rupee remained under pressure to close the week at 82.94 against the dollar
Among sectors, except pharma all other indices are trading in the green with capital goods, oil & gas, power and realty up 1.5-2 percent each. Mazagon Dock, HDFC Bank, Cochin Shipyard, Reliance Industries and Power Finance are among the most active shares on the NSE. Catch Sumit Mehrotra on Bajar Gupshup to know more!
About 1,978 shares advanced, 1,581 shares declined and 131 shares were unchanged.
Coal India, NTPC, BPCL, Tata Motors and L&T were among the major Nifty gainers. Losers included UPL, Eicher Motors, Apollo Hospitals, ITC and UltraTech Cement
Nifty reclaims 19,800 amid buying in banks, realty. Nifty hits 19,800 for the first time since July 27. Mid & smallcap run continues unabated. Banks, realty & autos among top sectoral gainers. FMCG, IT, metals & pharma under pressure. Catch Nandita Khemka as she discusses banks, Shipyard Stocks and much more with Ruchit Jain, Lead Research Analyst, 5Paisa.
YES Securities is bullish on ICRA Limited has recommended buy rating on the stock with a target price of Rs 6700 in its research report dated September 03 2023.
The other defendants named in the lawsuit were Celgene Corporation, Bristol Myers Squibb, and Breckenridge Pharmaceutical.
Analysts expect Britannia to slash prices in order to drive volumes, due to which its margins are expected to be under pressure going ahead.
Emkay Global Financial is bullish on CESC has recommended buy rating on the stock with a target price of Rs 105 in its research report dated September 07, 2023.
"We expect the company to continue its focus on in-house manufacturing as this improves internal efficiency and ensures product quality,” the brokerage said.
The T+1 settlement cycle, which was implemented in January, has made the market more efficient, more liquid and reduced the risk in the system, SEBI's whole-time member Amarjeet Singh has said
Policybazaar is looking to move up the value chain from being an aggregator to insurance manufacturer, CNBC-TV18 has reported. Insurance manufacturer makes and sell life, general and reinsurance policies
About 35 lakh shares of VRL Logistics or 4 percent equity worth Rs 239.5 crore changed hands at Rs 684.2 per share.
The Power Ministry intends to issue a tender to purchase 4,000 MW of gas-based electricity for approximately 20 days between September and November.
ICICI Securities is bullish on Larsen and Toubro recommended buy rating on the stock with a target price of Rs 3141 in its research report dated September 08, 2023.
Nearly 52.5 lakh shares of Tata Power were sold in a block deal at a price of Rs 270 per share.
Motilal Oswal is bullish on Titan Company recommended buy rating on the stock with a target price of Rs 3570 in its research report dated September 07, 2023.