NEW DELHI: Indian stocks were under pressure for the fourth consecutive day as investors remained cautious with US inflation inching up further in June and the risk of a sharper rate hike by the Federal Reserve. Nifty opened with minor gains but failed to sustain above 16,000 levels on the back of profit booking. Here’s …
Ahead of Market: 10 things that will decide D-Street action on Friday Read More »
By Ashitha Shivaprasad (Reuters) – Gold slumped more than 2% to a near one-year low on Thursday, as the dollar extended its sharp rally while expectations grew for a steep interest rate hike from the Federal Reserve. Spot gold fell 1.8% to $1,704.87 per ounce by 1427 GMT. U.S. gold …
Gold sheds over 2%, silver 5% on rampant dollar as Fed rate hike looms Read More »
Oil dropped to levels not seen since before Russia’s invasion of Ukraine as record US inflation and disappointing earnings from Wall Street intensified fears of a recession. The global crude benchmark fell as much as 5.1% to trade under $95 a barrel, touching its lowest level since late February. Crude has been in decline since …
Crude erases war-driven gains as recession fears hammer markets Read More »
Billionaire startup hero Nithin Kamath, whose discount broking firm Zerodha remains bootstrapped and profitable, today said fintech startups focusing on investing shouldn’t spend too much money acquiring customers. “This forces startups to do random things to monetize and generate activity, which in turn deteriorates the product,” he said. Kamath said a bad product would need …
Zerodha CEO Nithin Kamath has some advice for fintech startups Read More »
Gem and jewellery exports to the UAE have started showing the positive impact of the Comprehensive Economic Partnership Agreement (CEPA) signed with it in May. Plain gold jewellery exports to the UAE have grown 72 per cent and 69 per cent to Rs 1,048 crore and Rs 1,452 crore respectively in May and June this …
Wall Street stocks slumped early Thursday following another gloomy inflation report and disappointing bank results that amounted to a gloomy kickoff of the second-quarter corporate earnings season. The Dow Jones Industrial Average shed 603 points, or 1.96%, while the S&P 500 dropped 2%. The Nasdaq Composite tumbled 1.96%. Traders got another reality check Thursday, with …
Dow slumps 600 points as bank woes add to recession jitters Read More »
Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand. Brent crude futures for September fell by $4.05 to $95.52 a barrel by 1356 GMT and were on track to …
Oil prices tumble more than $4 ahead of potential large U.S. rate hike Read More »
The international non-profit Climate Group, in partnership with ResponsibleSteel, launched SteelZero in India, a global initiative that brings together leading organisations to speed up the transition to a net zero steel industry. India is the second-largest producer of steel after China. Emissions from India’s steel industry are projected to triple over the next three decades …
Global net zero steel initiative launched in India Read More »
Shares of Limited have fallen over 69 per cent from its July 2021 highs putting the stock firmly in a bear’s grip. The stock hit a 52-week high of Rs 724.70 on July 13, 2021. ICICI Securities, in its recent report, however, has upgraded the stock to ‘Buy’ from ‘Add’ earlier with a revised target …
Down over 69% from its 52-week high! ICICI Securities upgrades this stock to ‘Buy’ Read More »
A bearish candle with upper and lower shadow signals a formation of a high wave type candle pattern, which reflects high volatility in the market. “Normally, a formation of such a pattern after a reasonable upside or decline indicates an impending trend reversal,” said Nagaraj Shetti, Technical Research Analyst, Securities. For the day, the index …
Tech View: Nifty50 forms bearish candle; 20-day SMA likely to act as support Read More »
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1. UPL LTD Buy At – 732Stop Loss – 726Target – 737 to 740 2. Granules India Buy At – 373Stop Loss – 370Target –
1. Larsen & Toubro Buy At – 1966Stop Loss – 1954Target – 1975 to 1980 2. Shriram Transport Buy At – 1254Stop Loss – 1238Target
1. Graphite India Sell Below – 392Stop Loss – 394Target -390 to 389 2. Balkrishna Industries Buy At – 2041Stop Loss – 2027Target – 2050
1. JSW Steel Limited Sell Below – 625Stop Loss – 630Target -620 t 618 2. Kotak Mahindra Bank Buy at – 1877Stop Loss – 1864Target
1. SHRIRAM TRANSPORT Buy At – 1389Stop Loss – 1380Target -1398 to 1402 2. TATA Motors LTD. Sell Below – 456Stop Loss – 459Target –
1. Axis Bank Buy At – 787Stop Loss – 782Target -792 to 795 2. Bharat Petrol Company Buy At – 341Stop Loss – 338Target –
