US Stock Reports, Quotes and News
On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
Where the results are good, we are seeing those companies getting very well rewarded, especially in the industrial, capital goods sector, the real estate sector. But in sectors where there have been some disappointments like in the consumer space the stocks have also equally reacted on the other side.
All three major indexes notched record closes in the previous session after a smaller-than-expected rise in consumer inflation fueled optimism that inflation was easing after three months of hotter numbers.
Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothing and electronics, sending its shares to a record high.
Retail darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the euphoria over the return of \”Roaring Kitty\”, who was the central figure in 2021 meme stock rally, fizzles out.
Domestic benchmark equity indices advanced on Thursday, led by heavyweight banking and IT stocks. Nifty formed a small Hanging Man pattern on the daily chart. Tata Motors, HDFC Bank, RIL, M&M, SBI, ICICI Bank and Bharti Airtel were among the most active stocks.
Mutual funds invested Rs 10,000 crore in Kotak Mahindra Bank and HDFC Bank in April, despite their decline in Nifty rankings. Fund houses like HDFC MF, SBI MF, and Axis MF raised bets on HDFC Bank, while Kotak Mahindra saw buying from Nippon India MF and others. The investments were based on data from Prime Database.
IEX Share Price: Indian Energy Exchange (IEX) shares surged by 4% on Wednesday on the Bombay Stock Exchange (BSE), reaching a high of Rs 151.30 for the day. This increase followed the company\’s announcement of a 14.7% year-on-year (YoY) rise in its quarterly profit after tax (PAT), reaching Rs 95.1 crore for Q4FY24
Open interest suggests that bullish sentiment is likely to prevail in the following stocks.During Thursday\’s trading session, five stocks experienced an increase in open interest alongside rising stock prices, indicating a buildup of fresh long positions.
HOAC Foods IPO: The IPO opened today and will conclude on May 21. HOAC Foods plans to raise approximately Rs 5.5 crore through the SME IPO. The company intends to list its shares on the NSE SME platform. HOAC Foods specializes in the production of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil.
Rulka Electricals IPO: Rulka Electricals SME IPO opened today to raise Rs 26.4 crore on NSE SME platform. India\’s power generation grew by 8.87% in FY23. Company specializes in turnkey projects contractors for fire fighting projects. Company\’s revenues for Feb 2024 were Rs 65.27 crore. GMP was Rs 65.
Vodafone Idea Share Price: Kotak Institutional Equities, a domestic brokerage, reiterated a sell recommendation for Vodafone Idea, citing it as a high-risk, high-reward opportunity. They maintained that under bullish conditions, the stock could potentially rise to Rs 23, assuming a significant 10% 10-year ARPU CAGR.