Latest Stock Market News

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.

Pashupati Advani discusses telecom sector, Bharti Airtel, Indus Towers, challenges faced by private banks, HDFC Bank, election uncertainty, and insights on IPOs and the primary market. Advani says: "If one was being prudent, I would actually say take money off the table in the market and wait for the actual election result. "

Apollo Tyres Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.

Dipan Mehta discusses the cautious outlook on chemicals, interest in agrochemical plays, auto sector trends, high PE ratios in capital goods, potential investments post-election, mixed earnings season results, and concerns about overvalued EMS companies. Mehta also says: "If the government comes back with a stable majority, then the best stocks to buy would be the defence stocks, PSUs. It could be PSU banks or the PSU engineering companies."

Brokerage firm Jefferies maintained an underperform rating on Dixon Technologies, Nomura upgraded Apollo Tyres to neutral, Jefferies recommend buy on Adani Ports and HSBC downgraded Colgate to hold.

A total of 2,752 shares changed hands on the counter till 09:59AM (IST)

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Neetu Kashiramka, MD of VIP Industries, anticipates a margin increase to 18% next year, emphasizing strategies for FY25 and the implications of shifting manufacturing to India. The discussion covers various aspects including market share targets, e-commerce revenue outlook, pricing trends, and ad spends.

Renu Baid Pugalia of IIFL Institutional Equities discusses the earnings upgrades for Larsen & Toubro, ABB, and Siemens in the capital goods sector, highlighting the valuation struggles. She also mentions the positive outlook for MNC subsidiaries like Siemens and identifies potential value in companies such as Cummins and Transformers & Rectifiers.

Stocks and other risk-sensitive assets such as the Australian dollar led gains in the wake of the data release. The Aussie rose 1% overnight in its sharpest one-day jump for the year, and tacked on a further 0.1% in early Asia trade to hit a four-month high of $0.67.