Latest Stock Market News

​ I think these stocks have undergone time correction and some price earning multiple correction, so they are now in sweet spot. I do not expect a much decline from here. In my view, investors will come in and buy these names in next one or two months.

For more such web stories click on the ET icon below

The largest US digital-asset platform registered about $76 billion in spot trading volume, a drop of 52% from the year-ago period, according to data compiled by researcher CCData. The tally is also likely the least since before the company’s much ballyhooed direct listing on the Nasdaq Stock Market in April 2021, or just months before prices of cryptocurrencies peaked.

Ether may hit $8,000 over the next two years as it becomes more widely used in blockchain-based covenants known as "smart contracts," as well as gaming and the "tokenisation" of traditional assets, StanChart Head of FX Research, West, Geoff Kendrick wrote.

MCX is a stock to buy on every dip: CA Rudramurthy

Updated at : 2023-10-12 15:25:01

Rate this item

(1 Vote)

According to CA Rudramurthy, Founder of Vachana Investments, the market is expected to consolidate at current levels with small corrections. He believes that the market will test all-time highs soon. He advises against shorting the market unless it breaks long-term support levels. He also suggests buying MCX stock at current levels, as it is in an uptrend and is expected to reach levels of Rs 2,300-2,500.

This article delves into the concept of the Golden Crossover, a key technical indicator, and analyzes 10 stocks that have recently experienced this pattern.

Trent shares decline 0.9% as Sensex slides

Updated at : 2023-10-12 15:25:01

Rate this item

(1 Vote)

A total of 3,327 shares changed hands on the counter till 02:10PM (IST)

"The market is growing leaps and bounds. Short-term investors may want to book profits, but those who are looking for the long run can hold the stock, which might repay with decent returns in the next six months," said Avinash Gorakshakar of Profitmart Securities.

SBI MF sold shares worth Rs 1,736 crore bringing its holding to 2.92%, while UTI MF sold shares worth Rs 508 crore. Meanwhile, Nippon MF and HDFC MF sold shares worth Rs 302 crore and Rs 205 crore, respectively, reducing its holding in Jio Financial Services to 4.6% and 2.3%.

The potential upside for United Spirits lies in its strong volume growth and potential earnings growth of 12% to 15% in the future. The positive impact of the UK Free Trade Agreement (FTA) has not been fully factored in yet. In terms of the wine industry, there is expected to be strong volume growth, particularly in metro cities, with an overall growth rate of 12% to 15%. The FTA could lead to a decrease in the price of bottled scotch, boosting sales for United Spirits.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.