Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.
According to technical scan data from stockedge.com, in the Nifty200, we have compiled a list of six stocks that reached a 5-year high at the close on June 20th, indicating bullish momentum in these stocks.
Small businesses need green finance to offset their environmental footprint. This is the only way to make the domestic industry more climate-friendly.
A vacation bench of the Supreme Court will hear pleas on Friday seeking a probe, cancellation, and retest of the NEET-UG 2024 exam due to alleged question paper leaks and other malpractices. On Thursday, the court issued a notice regarding a plea by the National Testing Agency (NTA) to transfer all related petitions from various High Courts to the Supreme Court.
Food inflation in India, driven by supply-side factors like adverse weather affecting crops, has remained at around 8 per cent year-on-year since November 2023. The elevated prices of food has prevented interest rate cuts as headline inflation exceeds the central bank's 4 per cent target. Drought, heat waves, and delayed monsoon rains have led to significant reductions in food supplies, particularly impacting vegetables, while government interventions and upcoming elections further complicate the situation.
Balaji Amines Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 7916.21 Crore) operating in Chemicals sector.
According to technical scan data from stockedge.com, three stocks in the Nifty200 pack saw their closing prices surpass their 200-day moving averages (DMA) on June 20th.
International Yoga Day, first celebrated on June 21, 2015, was established by the United Nations following a proposal by India's Prime Minister Narendra Modi. The inaugural event set two Guinness World Records: one for the largest yoga session with 35,985 participants and another for the most nationalities, 84, participating in a single yoga event.
Indian industry and financial institutions had their customary pre-budget consultations with Finance minister Nirmala Sitharaman on Thursday. The suggestions from India Inc included tax sops, capex boost as well as tax stability.
Triveni Engineering & Industries Ltd., incorporated in the year 1932, is a Small Cap company (having a market cap of Rs 9053.62 Crore) operating in Sugar sector.
Rudra Global Infra Products Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 513.96 Crore) operating in Metals - Ferrous sector.
The logjam at Singapore's container port, accelerated by Red Sea attacks and Houthi rebels targeting vessels, is causing an early peak season for the shipping sector.
According to technical scan data from stockedge.com, three stocks in the Nifty500 pack are currently experiencing Golden Crossovers, a significant technical indicator of bullish market sentiment.
Kirloskar Oil Engines Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 19443.65 Crore) operating in Engineering sector.
On the options front, the maximum Call OI is placed at 24000 and then towards 23500 strikes, while the maximum Put OI is placed at 23000, and then towards 23300 strikes.
Cummins India Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 106916.04 Crore) operating in Engineering sector.
IMD predicts no heat wave conditions across most of India, except in parts of Uttar Pradesh. Recent heatwaves affected Himachal Pradesh, Haryana, and more. Rainfall forecasts include heavy rain in Kerala, Karnataka, Tamil Nadu, and Maharashtra.
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Investors initially skeptical of PSU stocks after BJP's election setback on June 4 have seen a reversal. PSU stocks, down 16% post-election, now lead a bull run akin to Modi's '400 paar' ambition. Mazagon Dock's 48% rise drove the BSE PSU index cap up by Rs 7.24 lakh crore in 10 sessions. RCF surged 33%, Cochin Shipyard 24.5%, HUDCO and MMTC 23%, with HAL, BEL, and BHEL also gaining.
On June 6, a golden crossover was also formed on the chart, an indication of a potential bullishness of the security, when the 10-day EMA crossed over the 20-day EMA.
Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.
Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 90871.91 Crore) operating in Tourism & Hospitality sector.
We expect the NDA government to sustain focus on capex-led growth around PLI, Roads, Ports, Aviation, Defence, Railways, and Green energy, given a 20 bps lower fiscal deficit in FY24 (Than RE), normal monsoons, and Rs 2.1 lakh crore dividend from RBI.
International Yoga Day: Indian Army personnel practiced yoga in the icy northern frontier, while sailors on the INS Vikramaditya participated in a morning session. Additionally, Army troops performed yoga in Eastern Ladakh, and the Indo-Tibetan Border Police held a session in Muguthang Sub Sector, Sikkim, over 15,000 feet high.
