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​Longer term trends, I would not be so concerned because many investments in automation or green energy, the entire power sector, even the industrial capex and the need for water treatment, etc. So, there are so many opportunities that is there that longer term prospects are still good.

Marico shares fall 0.98% as Nifty gains

Updated at : 2024-08-23 14:20:02

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The stock quoted a 52-week high price of Rs 690.95 and a 52-week low of Rs 486.75.

Investors put $20.4 billion into stocks, $15.1 billion into bonds, and $1.1 billion into gold, BofA said, in its weekly round up of flows in and out of world markets

Vinay Rajani from HDFC Securities suggests that traders consider entering around the 24,650-24,700 range for Nifty. He expects Nifty to surpass its all-time high next week and says intra-day dips should be bought into. The auto sector shows positive momentum, especially Bajaj Auto. Conversely, the Realty Index appears weak and should be avoided for long bets.

SEPC shares surged 17% to a day’s high of Rs 25.47 on the BSE after the company announced it received the final acceptance certificate from Hutti Gold Mines for a 2013 agreement. The certificate, received on August 22, confirms that all systems—electrical and mechanical equipment, D.C./A.C. drives, PLC systems, and 11 KV grid power—were successfully tested and deemed satisfactory

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The Relative Strength Index of the stock stood at 60.0 on Friday.

A short buildup happens with rising open interest and volumes but falling stock prices, signaling traders expect declines. Five stocks saw this on Friday.

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Shares of Anil Dhirubhai Ambani Group dropped by up to 14% after Sebi barred Anil Ambani from the securities market for five years over fund siphoning allegations from Reliance Home Finance. Reliance Home Finance and Reliance Power shares fell 5%, while Reliance Infrastructure shares plummeted 14%. Trading in some other group companies remains suspended.

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Hindalco Industries will list its US subsidiary Novelis only at a desired valuation, delaying the IPO due to market conditions. The company aims for a valuation of $12.6 billion.

Yes, essentially, valuations are high. But the markets also see that there is a monetary easing cycle around the corner, so I think that is creating a push and pull. On top of that, we have huge promoter and private equity sales coming up.

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