Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan’s biggest brands and ushered in a buyout and an uncertain future.
Taking stock: New highs for Sensex, Nifty again; FMCG gains, IT a drag
Biggest gainers on the Nifty were Coal India, Nestle India, Tata Consumer Products, NTPC and Cipla, while losers included SBI Life Insurance, Hero MotoCorp, Adani Ports, Wipro and Adani Enterprises.Mid-day Mood | Sensex, Nifty enter consolidation phase, trade flat
It will be risky to chase overvalued mid and smallcap stocks, which have run up too much, too fast, on retail investor exuberance, say analystsPositive Breakout: Vedanta and 4 other stocks cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Death Crossovers: VIP Industries among 3 stocks that signal bearishness
These stocks’ 50-day SMA crossed below their 200-day SMAs on December 18.
Nippon Steel shares slide more than 5% on US Steel acquisition
The acquisition of U.S. Steel, which prevailed in an auction for the steel giant over rivals including Cleveland-Cliffs, will help Nippon Steel move toward 100 million metric tons of global crude steel capacity.
Taking stock: Market takes breather from bull run; Nifty around 21,400, Sensex down 169 pts
Top losers on the Nifty were Power Grid Corporation, JSW Steel, ICICI Bank, ITC and Tech Mahindra, while gainers were Bajaj Auto, Adani Ports, Sun Pharma, Hindalco Industries and Reliance IndustriesETMarkets Smart Talk: Investors should avoid deploying new capital to small and midcap mutual fund schemes: Mohit Ralhan
“Solid domestic consumption, an upswing in corporate capex and increased attractiveness among foreign investors mean that Indian stock indices will continue to do well in 2024. However, investors should be mindful of the risks as well. A prolonged recession in the developed world like the US and Eurozone could have negative consequences for India’s export-oriented sectors like IT, healthcare etc.”
F&O Ban: ZEEL among 7 stocks under trade ban on Monday; Indiabulls Housing out
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%
6 stocks showing RSI trending up on December 15
“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.