Pharma stocks maintained their bullish momentum for the third consecutive month in August, with the Nifty Pharma index posting a gain of 6.61%. This follows strong performances in July, where the index rose by 10.37%, and in June, with a 5% increase. Out of the 20 constituents of the index, 16 ended the August in … Read more
Buy or sell stocks today: The Indian stock market indices, Sensex and Nifty 50, seem to be consolidating near the record high levels. Both the benchmark indices ended flat on Tuesday amid mixed global cues even as the expectations of interest rate cuts by the US Federal Reserve continue to support the global equities. On … Read more
Buy or sell: The Nifty index ended the week at 24,823, aligning with the previously discussed support zone of 24,400-24,600. As anticipated, the index moved above this support zone, closing at 24,823 and approaching its resistance level of 24,900-25,200. Over the week, the Nifty fluctuated between 24,400 and 24,800. The sustained close above 24,600 suggests … Read more
Equity benchmarks rebounded strongly as concerns about a US recession diminished, buoyed by the latest economic data. The Nifty index gained over half a percent in today’s trading session, following a 0.13 percent rise in the previous session and a 1.65 percent rally on Friday. ICICI Direct Technical Outlook – Nifty ICICI Direct’s technical analysis … Read more
Stock Market News: Domestic equity benchmarks Sensex and Nifty 50 snapped their two-week losing streak in the previous session powered by information technology (IT) stocks after positive macroeconomic data in the US allayed fears of a recession in the world’s largest economy, resulting in better risk appetite. The NSE benchmark posted its best session since … Read more
Investors who were allotted shares of DOMS Industries in December are likely happy with their investment decision, as the company’s stock has been on a bull run since listing, consistently reaching new all-time highs each month. The shares are currently trading at ₹2,394 apiece, which indicates a 203% premium to the IPO price of ₹790. … Read more
Indian stock market benchmarks, the Sensex and the Nifty 50, extended their losses for the fifth consecutive session on Thursday, July 25, influenced by weak global cues. The Sensex closed 109 points, or 0.14%, lower at 80,039.80, while the Nifty 50 ended at 24,406.10, down 7 points, or 0.03%. “Nifty index opened gap down by … Read more
KPIT Technologies (KPIT), a leading global pure-play engineering, research, & development (ER&D) services company, has seen its shares skyrocket in a brief time, rewarding shareholders handsomely. Over the last two years, the shares have climbed from ₹517 apiece to the current trading price of ₹1,882, translating into a massive gain of 265%. Looking further back, … Read more
Stock Market News: The market-leading Tata Consultancy Services’ earnings indicated early indications of recovery in the industry, and on Friday, IT stocks joined an over-month-long record-breaking surge that sent the domestic benchmark indexes, the Sensex and Nifty 50, to record closing highs. The Sensex gained 0.78% to close Friday’s session at 80,519.34, while the Nifty … Read more
Shivalik Bimetal Controls share price jumped over 10% on Friday led by strong demand and high volumes. Around 9 lakh equity shares of Shivalik Bimetal Controls changed hands on July 12 as against its one week average trading volumes of 2 lakh shares. Brokerage firm Anand Rathi is bullish on Shivalik Bimetal shares as the … Read more