The BSE midcap index added 0.2 percent and smallcap index gained 0.4 percent.Taking Stock: Market ends marginally higher ahead of Fed outcome; metals outshine
The BSE midcap index added 0.2 percent and smallcap index gained 0.4 percent.
The BSE midcap index added 0.2 percent and smallcap index gained 0.4 percent.Big Movers on D-Street: What should investors do with Olectra Greentech, ZEE and MRF?
Indian stock markets surged to a six-month high with Sensex rising 400 points and Nifty crossing the 18,700 mark as it reacted positively to macro data and strong global trends. The FMCG sector rose 1.38%, while consumer durables climbed 1.8%. Real estate, too, showed a jump of 2.94%. Stocks such as MRF and Olectra Greentech were among those in focus. Experts at SSJ Finance & Securities recommend buying at the current level and dips of INR 97,000 for MRF and Olectra Greentech, with resistance around INR 940 and selling at INR 201 for ZEE.These 3 stocks form bullish engulfing pattern; indicate positive trend
4 stocks signaling bears may rule soon
Taking Stock: Favourable cues nudge market towards record highs; Sensex up 418 points, Nifty above 18,700
The market crossed a milestone when MRF went past the much-awaited Rs 1 lakh-mark after it opened a percent higher and touched Rs 1,00,050 on the NSE, becoming the first Indian stock to go into six digits. It closed at Rs 99,900, up 0.94 percentApple shares close at record in latest sign of Big Tech’s dominance
Apple’s shares hit an all-time high of $183.79, their first in more than a year. The stock has surged by over 41% in 2023, compared to the Nasdaq 100 Index’s gains of 35%. The company’s balance-sheet strength, dependable revenue streams, capital-return program, recent performance, and industry-expanding plans have bolstered investor confidence. Apple, with its roadmap and incredible business model, is one of the few stocks that investors remain optimistic about owning even though it may fluctuate, said Wayne Kaufman, chief market analyst at Phoenix Financial Services.Asia shares track Wall Street rally with inflation data, Fed in focus
Asian shares opened higher on Tuesday, boosted by gains in US equity markets and expectations of a Federal Reserve interest rate pause following a Fed policy meeting this week. The central bank’s approach towards inflation, as indicated by the Consumer and Producer Price Index data due out over the next two days, will be closely watched by investors. Japan’s Nikkei surged 1.59%, while broadest bourse gauge MSCI Asia-Pacific index was up 0.3% in early trading. China’s Central Bank cut its seven-day reverse repo rate by 10 bps from 2.00% to 1.90% to bolster the country’s economy.Deal Street deserted amid global woes
The PE (private equity) landscape recorded 84 deals, raising $3. 9 billion in May this year. The startup sector continued to dominate deal activity, accounting for 55% of total PE deal volumes.Taking Stock: Sensex gains 99 points, Nifty at 18,600 led by IT, realty, oil gas
Top gainers on the Nifty were BPCL, HCL Technologies, Infosys, NTPC and Adani Enterprises, while losers were Power Grid Corporation, Larsen Toubro, Cipla, Maruti Suzuki and Titan CompanyWhat does a microcap space actually mean? Aditya Agarwal explains
Every company has a journey so every company might start small, but some of those then are able to acquire market share and become big. So I am sure there are companies in microcap tomorrow, which can become a small cap, mid cap, and maybe, a small percentage can also go and become a large cap tomorrow.