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The payroll data is an important indicator of which way the Federal Reserve could move. A strong jobs number could be antithetical to its plans to push a pause button. That could potentially strengthen the dollar, increasing the opportunity cost of holding the non-yielding bullion.

BEL shares rise 0.77% as Nifty gains

Updated at : 2023-08-04 11:20:02

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The stock quoted a 52-week high price of Rs 133.25 and a 52-week low of Rs 87.0.

The stock witnessed mild selling pressure, which was in line with the trend seen in broader markets but managed to hold on to Rs 900 levels. The stock closed at Rs 905 on 2nd August 2023.

​So, we expect that in the September to December quarter somewhere you will see a significant improvement in the profitability of the cement companies.

Rupee falls 5 paise to 82.72 against US dollar

Updated at : 2023-08-04 10:25:01

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This was the biggest single-day fall for the rupee in nearly six months. The Indian currency had witnessed the steepest intra-day fall of 68 paise on February 6, when it had settled at 82.76 against the greenback.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

However, we are trading close to the last 5-year averages of around 20x forward P/E. Our expected earnings growth will be around 15% CAGR in the next two years, which is clearly on the upswing compared to the rest of the world.

On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,700 strikes while the maximum Put OI is placed at 19,400 and then towards 195,00 strikes.

Amazon profit beats expectations on booming sales

Updated at : 2023-08-04 10:25:01

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Revenue taken in by the Amazon Web Services (AWS) cloud computing unit was increased to $22 billion in a year-over-year comparison, but costs increased as well, resulting in an operating income of $5.4 billion compared with $5.7 billion in the same period in 2022.

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