Latest Stock Market News

BTC bounced back from the 20 EMA D and is holding above that, signalling a positive trend. Additionally, BTC dominance continues to decline, which is favourable for altcoins. BTC needs to clear the key resistance at $44,500 for further upward movement, said CoinDCX Research Team.

Samir Arora says: “When IPOs, which are oversubscribed 70, 80 times, if they are opening 10 and 20% higher, you know the end game is somewhere near. I really believe that some of the consumer durable, consumer discretionary stocks, other than auto and IT will be really bad. Let us see.”

Here are 10 stocks that have been trading below their intrinsic value in 2023.

Azad Engineering IPO, which was priced at Rs 524, received a good response from investors with 80.6 times subscription at close.

​ European shares rose on Wednesday, with miners and insurers leading the charge as markets looked set to finish the year strong amid persisting hopes that major global central banks could cut borrowing costs next year.

Coming to the buildup of fresh short positions, when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up.

Anjan Chatterjee says: “We are very, very careful about holding the price line as much as possible. And we have not done that too much. Inflation has been a little wobbling. And at this point of time, as we are talking, I am sure there have been worries on the vegetables, on the poultry or also the meat.”

“For one week or so, probably the market could be range-bound or and there is scope for some profit booking at this point. So, I am not very bullish, although the trend is going up but with less momentum. So there is some scope for profit booking. I do not see a lot of upside at this moment. I would be a little neutral at this point in time.”