Latest Stock Market News

Auto components maker Happy Forgings Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,200-1,300 crore through an initial public offering (IPO).

This article sheds light on the significance of the Golden Crossover and its relevance in assessing stock movements. With data from Trendlyne reporting over 40 Nifty50 stocks experiencing this pattern on August 16, Wednesday, and ETMarkets selecting 10 stocks, discover how this pattern can shape informed investment choices.

“In order to create wealth, three components are important. The more you save, the more wealth is created. If you invest in the right asset class and equity is the only asset class which gives real returns over long periods of time and the most deadly of that is N, that is the number of years of your investments. ”

Shares of debt-ridden telecom operator Voda Idea closed nearly 3% lower after the firm reported a loss of Rs 7,840 crore for the quarter ended June 2023

“We are a country with 5-8% inflation. Every year, the value of our money keeps going down. So not investing is a much bigger risk. The comfort of short-term safety blinds us to the long-term risk that we have if we do not increase our purchasing power. These are a few things to keep in mind.”

The stock market witnessed several noteworthy stocks crossing their 50-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

“Customers used to give the big bank projects to one particular IT vendor and that is not happening in the past few years. While that has been broken down into smaller projects and that is partly a reason why growth is slowing down. The BFSI sector is also slowing down a bit in the US and Europe, given the high interest rates.”

Capital goods companies showed robust growth in order inflows, revenues along with double-digit volume growth posted by cement companies in the reported quarter, says the Kotak report

The stock quoted a 52-week high of Rs 2444.75 and a 52-week low of Rs 1660.65.

​MACD or moving average convergence divergence is a momentum indicator used in technical analysis.​