When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Tata Motors will source battery packs for its electric vehicles from China’s Octillion Power Systems. The Indian automaker already offers several EV models and plans to introduce more. Despite a dip in EV sales, Tata Motors controls 68% of the market. Recently, the company joined the top ten most valued global automotive firms.
After a decade since its launch, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has reached a milestone with a total of 53.13 crore accounts. Among these, 55.6 percent (29.56 crore) of the account holders are women and 66.6 percent (35.37 crore) accounts are in rural and semi-urban areas, according to a statement from the Ministry of Finance on Wednesday.
Nitin Spinners Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2419.71 Crore) operating in Textiles sector.
Blue Dart Express Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 19653.49 Crore) operating in Logistics sector.
L&T Technology Services Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 58072.77 Crore) operating in IT Software sector.
Donald Trump has openly declared that he would be taking swift action against those who had a hand in the 'Afghanistan calamity' under the Biden administration. He claimed that if the Republicans are voted to power, pink slips to those involved will handed over on the first day itself.
Axis Capital has downgraded IndiGo from a buy rating to an add rating, though it has raised the target price to Rs 5,100 from Rs 4,700. The downgrade reflects limited upside potential, with Axis Capital highlighting supply-side issues and noting that further improvement may be constrained as load factors are already at an optimal level of 80%.
The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore. There were also layoffs in other services teams, including the one that runs Apple News.
This strategy allows us to remain invested and benefit from the long-term growth potential while being cautious and adaptive to the changing market dynamics.
BOJ raised interest rates from 0.1% to 0.25% last month and indicated further hikes to take care of rising inflation. This created a fear of the unwinding of the JPY lead carry trade. The BOJ later allayed concerns indicating a more cautious approach to further rate increases.
5 stocks' closing prices crossed above their 200-day moving averages (DMAs) on August 27
Gujarat Rain: Vadodara is experiencing a flood-like situation as the Vishwamitri River's water level rises to 35 feet. Authorities have closed the Ajwa and Pratappura dam gates to manage the flow. Heavy rains and a deep depression have caused widespread disruption in Gujarat, with over 6,000 residents relocated.
In a latest released poll data, Donald Trump is seen dominating Kamala Harris by 22 points in a key swing state in US. Ahead of the US Presidential Elections 2024, this news is turning out to be a great one for the Republican camp. How will the Democrats get back in the game?
The Nifty Index is displaying a positive trend, forming a Doji-like candle and poised near its all-time high of 25,073. It needs to hold above 25,000 for a potential move towards 25,250 while finding support at 24,800, according to Chandan Taparia of Motilal Oswal. A Bull Call Spread strategy is suggested for a bullish stance.
