In the Nifty500 pack, four stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness.
Nasdaq, S&P 500 rise with Apple; investors await inflation report, Fed decision
The S&P 500 and Nasdaq, buoyed by Apple’s surge, await the Fed’s update. Positive market sentiment follows a strong U.S. jobs report. General Motors’ shares rise on the announcement of a $6 billion buyback plan.
Tesla shareholder sues Musk to return billions in alleged unlawful profits
Lawsuit accuses Elon Musk of making billions by selling Tesla stock using insider information.
ARCs to see recoveries improve from stressed residential projects
ARC expected to see 5-7% increase in recovery rates of stressed residential projects. Recovery rates to reach 16-18% by March 2025 due to rising prices, demand, and investor interests.
India likely to cut interest rates ahead of US: Report
ICICI Securities Primary Dealership report suggests India may cut rates before the Federal Reserve, citing strong US employment data weakening the case for Fed easing.
Financial health of cement sector to be strong despite market challenges: Ravleen Sethi
Now, cement prices, yes, they have been under pressure and largely the price elusiveness what we believe is here to stay also in medium term.
Big movers on D-Street: What should investors do with HDFC AMC, Wipro and Paytm?
On Friday, equity indices surged by over 2%, reaching record highs following the Reserve Bank of India (RBI) upward revision of the GDP growth projection. Notable stocks included HDFC AMC, which increased by 2%, Wipro, witnessing a 5% gain, and Paytm, whose shares soared by 10% on Friday.
India bond yields seen rising tracking US peers
Indian government bond yields are expected to rise due to a spike in U.S. Treasury yields after strong economic data. The benchmark 10-year yield in India is likely to move in a 7.01%-7.06% range on Monday.
Positive Breakout: Infy, HCL Tech among 5 stocks crossed above their 200 DMA
Five Nifty50 stocks saw their closing prices surpass their 200-day moving averages on June 7, signaling a potential uptrend according to stockedge.com’s technical analysis.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.