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In early June, Binance.US had halted dollar deposits, after the US Securities and Exchange Commission (SEC) asked a court to freeze its assets.

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RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

“Affluent consumption is driven by services sectors like IT and global captives, which we believe will be a structural theme. Though there is short-term pressure, in the longer term, that is the play we want to be with. On the rural or mass market consumption side, the pain is likely to continue.”

“Eyes will definitely be there on the gross and the net NPA front and, of course, on the slippages also. This time, the slippage has moved up marginally. One quarter’s slight disappointment should not be looked at as a dampener, year on year, if there is a better number and a better story to tell.”

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IRM Energy IPO opens for subscription today and will close on Friday. The company, which is an emerging player in the city gas distribution segment has priced its IPO at Rs 480-505 per share. It looks to raise Rs 545 crore via the initial stake sale. The issue is completely a fresh equity sale of 1.08 crore shares.

Godrej Consumer Products said that its consolidated sales are likely to see low single-digit growth, with volume growth as well in mid-single digits because of "weak macros and adverse weather conditions".

From the Sensex stocks, Bajaj Finance, Bajaj Finserv, M&M, ICICI Bank, and HDFC Bank opened in the red, while JSW Steel, Infosys, UltraTech Cement, Tata Steel, and ITC opened in the green.

India VIX was down by 3.39% from 11.07 to 10.69 levels on Tuesday. Volatility slightly cooled down but hovered in the previous day’s range and lacked momentum in the market.

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L&T Technology Services Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 48768.61 Crore) operating in IT Software sector.

Buy Ceat, target price Rs 2950: Motilal Oswal

Updated at : 2023-10-18 10:20:02

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Ceat Ltd. key Products/Revenue Segments include Automobile Tubes, Other Operating Revenue, Scrap, Others, Royalty Income for the year ending 31-Mar-2023.

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