Latest Stock Market News
PSUs not an asset class; the overvaluation could last longer: Venugopal GarreUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)Venugopal Garre of Bernstein remarked that PSU stock valuations were excessively high relative to long-term growth expectations. He advised that this might be a good time for government divestment but noted a lack of such signals. Garre further commented on the uncertain sustainability of economic recovery despite some positive trends in current indicators. |
Sensex Today | Stock Market LIVE Updates: Sensex rises 200 points, Nifty above 24,150 in pre-opensessionUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)
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Australian shares rise as soft US producer prices data lifts rate-cut hopesUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)The Australian stock market extended its gains for the fourth straight session on Wednesday, buoyed by lower-than-expected U.S. producer prices, which increased hopes of a Federal Reserve interest rate cut in September. Significant movements included strong corporate earnings from CBA and AGL Energy, alongside gains in gold and real estate stocks. |
Positive Breakout: 3 stocks cross above their 200 DMAsUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)The 200-day DMA is used as a key indicator by traders to determine the overall trend of a stock. |
At multi-year highs: These 5 stocks witness 5-year swing high breakoutsUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)A 5-year swing high represents the highest price a stock has achieved within five years |
Sit on the sidelines! Volatility is high and both shorts & longs get bought out daily: Ajay BaggaUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)Ajay Bagga advised investors to stay on the sidelines due to high market volatility, primarily affecting equity and FX markets. Despite strong oversubscription in IPOs driven by liquidity, he cautioned that valuations are elevated. He highlighted opportunities in hospitals and EMS sectors but emphasized the need for regular, cautious investments. |
India’s Wealthiest Investors in Q1: Radhakishan Damani, Jhunjhunwala Family, Mukul Agrawal, and othersUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)While investors such as Radhakishan Damani and Akash Bhanshali enjoyed substantial gains, others, including the Jhunjhunwala family, faced declines. |
Bharti Airtel Stocks Live Updates: Bharti Airtel Closes at Rs 1459.7 with 6-Month Beta of 1.1466, Suggesting Moderate VolatilityUpdated at : 2024-08-14 09:25:01 Rate this item (1 Vote)
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These 4 stocks closed below VWAP on August 13Updated at : 2024-08-14 09:25:01 Rate this item (1 Vote)A shift below the VWAP suggests a potential bearish trend, according to StockEdge.com’s technical scan data. |
SpiceJet's Ajay Singh to dilute stake by over 10% to raise Rs 3,000 crore amid financial strugglesUpdated at : 2024-08-14 08:25:01 Rate this item (1 Vote)Ajay Singh, the promoter of SpiceJet, is set to reduce his shareholding in the beleaguered airline by over 10% to raise approximately ₹3,000 crore. Despite the dilution, Singh will remain the largest shareholder, with his stake expected to fall to 30-35%. The airline aims to issue new shares to investors to bolster its capital base. SpiceJet, grappling with financial challenges and operational issues, hopes that the infusion of funds will help stabilize its operations and attract investors amid a robust demand for air travel in India. |