Latest Stock Market News

“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.​

SBFC Finance stands out as a rapidly expanding non-banking financial company (NBFC) with robust earnings growth and stable asset quality, said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.

​ETMarkets has collated a list of major counters whose RSIs have crossed the 70 mark from below, suggesting they have entered into the overbought state. Typically, this is considered a bearish sign. Note the data is from the previous trading day.​