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Indian frontline indices fell on Thursday amid selling across sectors. It was the third successive session of decline for the benchmark indices.

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The crossing of the 20-day SMA is a significant technical indicator, often indicating short-term bullish trends.

Bitcoin (BTC) fell 0.42% to $26,997, whereas Ethereum (ETH) was just above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.07 trillion, falling 0.56% in the last 24 hours.

The next important support to be watched is around 19,550 levels, which is a weekly 10-period EMA. Minor upside bounce is to be expected from the supports, but the said bounce could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.

The KIOCL stock had a good breakout on Thursday. It was under a consolidation zone from June 2021 till now. The breakout has happened along with good volume, and we expect it to go up to the level of Rs 450

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Asian currencies were mostly weaker, with the Korean won leading losses as dollar strength weighed on emerging market currencies.

With the allotment much earlier than expected, both the companies seem to be gearing up for T+3 listing, which is Friday. According to market sources, SAMHI and Zaggle are commanding a premium of Rs 5 and Rs 14, respectively, in the unlisted market

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Gold slipped on Thursday, with spot gold prices (24 carats) in the Delhi markets trading at Rs 60,170 /10 gram, down by Rs 130, following a weak trend in the overseas markets, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

The stock market witnessed significant achievements on September 21 as several mid and small-cap stocks hit their all-time highs.

The Rs 730-crore IPO of Signature Global was subscribed 85% with both retail and NII categories fully booked. The QIB part was subscribed just 8% so far. Meanwhile, Sai Silks offer was subscribed just 12% so far. The part reserved for retail investors was the most subscribed at 20%, followed by NIIs at 10%. There are still no bids in the QIB category.

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