Sensex, Nifty end volatile trade on a flat note; RIL gains offset by HDFC Bank losses
The 30-share BSE benchmark Sensex dipped by 45 points or 0.06% to settle at 73,466, while the NSE Nifty50 closed just above the 22,300 level.
Month: May 2024
Market setting up for an election rally: Rohit Srivastava
Srivastava notes market stability as potential start of election rally with low VIX indicating low market expectations. Anticipates positive market movement post-election outcome, highlighting potential opportunities in private banks like Kotak Bank amid market consolidation.
Technical Breakout Stocks: How to trade Bharat Forge, ABB India and Siemens on Thursday
Bharat Forge hit its all-time high levels with sharp volumes. The overall trend is positive and strong. On the upside, it has broken out of 2 resistance zones on intraday charts on Wednesday suggesting it could touch 1,451-1,517 levels in the near future. The support levels remain below 1,211 levels.
Tech View: Nifty forms high wave type candle pattern. What traders should do on Thursday
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of new higher bottom formation. The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels.
US stocks open lower as megacaps drag
The Dow Jones Industrial Average fell 65.4 points, or 0.17%, at the open to 38818.9.
Promoter pledged holdings decline in March quarter: Lemon Tree Hotels, Tata Communications, among others with highest drop
Bharat Forge, Lemon Tree Hotels, and Tata Communications completely released their pledged holdings from 7.1%, 3.3%, and 3.1%, respectively in the December quarter.
Uber shares tumble 9% on surprise net loss, weak second-quarter forecast
The report suggests that Uber\’s growth could be slowing after a strong 2023 in which it dominated the U.S. ride-share market and delivery business and posted its first annual profit.
Fitch sees rupee rebounding to 82 per dollar on bond inflows
The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently, Jeremy Zook, a director at Fitch in Hong Kong, said in an interview last week. The Reserve Bank of India may continue to prevent any sharp swings in the currency by absorbing inflows, he said.
Hero MotoCorp Q4 Results Preview: Robust volumes to drive revenue, profit higher; margins to expand
Hero MotoCorp Q4 Results Preview: Hero MotoCorp is poised for robust growth in Q4, with a projected 14% surge in revenue propelled by increased volumes and average selling prices (ASPs). Profit is forecasted to climb by 22%, bolstered by a 10% uptick in volume. Additionally, the company anticipates a 123 basis points improvement in EBITDA margins.
Indegene IPO booked over 4x so far on Day 2. Check subscription, GMP and other details
Indegene\’s IPO oversubscribed 4 times on the second day, led by non-institutional investors; QIB portion least subscribed.
Dr Reddy\’s Labs Q4 Results: PAT jumps 36% YoY to Rs 1,307 crore; firm declares dividend of Rs 40/share
Dr Reddy\’s Labs Q4 Results: The revenue from operations rose 12% YoY to Rs 7,083 crore while they dipped 2% quarter-on-quarter (QoQ). The revenue missed ET Now poll estimate of Rs 7,237 crore.
Dr Reddy\’s Labs Q4 Results: PAT jumps 36% YoY to Rs 1,307 crore; firm declares dividend of Rs 40/share
Dr Reddy\’s Labs Q4 Results: The revenue from operations rose 12% YoY to Rs 7,083 crore while they dipped 2% quarter-on-quarter (QoQ). The revenue missed ET Now poll estimate of Rs 7,237 crore.