Based on technical analysis, Tata Steel & Torrent Power are identified as upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 175.30 and Rs 1,505.05 respectively, their price aligns with positive signals from technical indicators like …
Indian benchmark indices, after enjoying a strong rally in recent trading sessions, were trading lower today. The banking, financial services, auto, and consumer durables sectors were among the top losers, while the capital goods, oil & gas, and energy sectors attempted to uplift the indices. With 2,080 shares rising on the BSE and 1,582 shares …
After a robust rally earlier, benchmark indices experienced a notable decline today, affected by losses in the banking, financial services, consumer durables, and metal sectors. In contrast, broader indices demonstrated resilience, showing notable gains. At 10:15 am, the BSE Sensex declined 0.45% reaching a level of 79,687. The Nifty 50 index fell 0.31% to the …
The benchmark index S&P BSE 500 opened today at 36,160.32 and made its day high at 36,176.74, and it is trading in red today, down by around 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Raymond Ltd Shares of …
Le Travenues Technology Limited (Ixigo), India’s leading online travel agency (OTA) catering to the “Next Billion Users,” announced its financial results for the fourth quarter (Q4) and full fiscal year (FY) ending March 31, 2024. The company delivered a positive performance, highlighting significant growth in key metrics. Gross Transaction Value Soars Ixigo’s Gross Transaction Value …
Hyundai Motor India Ltd, the Indian subsidiary of the South Korean automaker Hyundai, has submitted preliminary documents to the Securities and Exchange Board of India (SEBI) to initiate an initial public offering (IPO). If successful, this Hyundai IPO will be the largest in India’s history, surpassing the significant Rs 21,000 crore share sale by LIC. …
Large initial public offers (IPOs) have historically had mixed effects on the Indian stock markets. Analyzing data from the last seven significant IPOs since 2007, we find that the Sensex has declined five times post-listing. These corrections can be attributed to a variety of factors, including rich market valuations, black swan events, and liquidity conditions. …
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalization and revenue. RIL Crosses Rs.21 Lakh Crore Market Cap Shares of Reliance Industries Limited (RIL), owned by Mukesh Ambani, …
On Thursday, the market ended flat but at a record closing high. The Sensex gained 0.08% to reach a record high of 80,392.64, while the Nifty rose 0.06% to a new all-time high of 24,401. In the sectoral landscape, Nifty Pharma, Nifty IT, and Nifty Auto were the top gainers, while Nifty Media, Nifty FMCG, …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Lloyds Engineering Works Ltd Lloyds Engineering Works Ltd is currently trading at Rs 73.65, slightly below its 52-week high of Rs 76.25. The stock saw a significant trading volume of 1.26 crores, indicating …
