Coforge, National Aluminium among 5 stocks with long buildup
A long buildup, marked by rising open interest and volumes with stock price increases, indicates bullish trends. On Tuesday, five stocks saw new long positions.
A long buildup, marked by rising open interest and volumes with stock price increases, indicates bullish trends. On Tuesday, five stocks saw new long positions.
The Nifty Auto index was trading 0.24 per cent down at 25433.85.
Nifty is struggling to maintain its position at 25K, leading investors in ELSS mutual funds to consider trimming their portfolios. Despite recent low-key performance, experts advise maintaining a long-term investment strategy. ELSS funds have historically provided strong returns and tax benefits under Section 80C of the Income Tax Act.
On the technical charts, the RSI of the stock stood at 58.29.
Customers can now access Oracle Autonomous Database and Oracle Exadata Database Service in AWS, simplifying the migration and deployment of enterprise workloads to the cloud while improving agility, flexibility, and security
A total of 1,785 shares changed hands on the counter till 10:25AM (IST)
Apple prices have plummeted by nearly 50% in a month due to increased arrivals from Himachal Pradesh and the upcoming harvest in Kashmir. The duty-free import of apples from Afghanistan is also expected to impact prices further. Quality issues and cautious procurement by big corporations are contributing factors.
New embedded AI capabilities, product offerings, integrations, and user experience innovations help businesses gain insights, improve productivity, and promote collaboration.
Shekhawati Poly, Summit Sec, Precision Wires, Oriental Hotels and Excel Ind, hit their fresh 52-week highs at 10:24AM.
The Congress party, maintaining its criticism of SEBI chief Madhabi Puri Buch, announced it will make "startling revelations" about her today at 12 p.m. They stated that the SEBI chief's "saga of conflict of interest" will be highlighted in their upcoming disclosure.
Axis Securities has identified four stocks as fresh buy ideas for September based on technical analysis. The recommended stocks are JK Cement, SBI Cards and Payment Services, Kaveri Seed Company, and IOL Chemicals and Pharmaceuticals. The brokerage provides specific buying ranges, stop losses, and target prices for each stock to guide investors.
Currently, India supports over 50% of Philips’ global software delivery. Philips, traditionally known for its consumer electronics, has sharpened its focus on healthcare over the past decade. Of its global revenue of €18 billion ($19 billion), over €15 billion comes from healthcare, with the remainder from consumer products.
On the technical charts, the 200-day moving average of the stock stood at Rs 2568.13.
Mumbaikars have purchased 55 kg of gold for Ganesh Chaturthi, 15 kg more than last year, driven by a positive market sentiment following a duty cut. The rise in gold offerings marks the beginning of the festive season and wedding season, with jewellery retailers seeing increased demand.
The Nifty Pharma index was trading 0.96 per cent up at 23229.9.
Naturewings Holidays shares made a strong debut on the BSE SME platform, listing at Rs 95, a 28.4% premium over the issue price of Rs 74. The IPO saw robust investor interest with a subscription rate of 300 times. The funds will be used for working capital, marketing, and corporate purposes.
The economy is showing all the good signs. And yes, the unthinkable, impossible soft landing somehow has been achieved. So, good news.
Goa Governor P S Sreedharan Pillai stated that the Christian population in Goa has decreased from 36% to 25%, while the Muslim population has increased from 3% to 12%. He suggested a study on this demographic change, later clarifying that he referred to brain drain and not specific communities.
Arnab Das from Invesco discusses Donald Trump's threat to impose a 100% tariff on countries moving away from the US dollar. He argues that Trump's stance is politically driven and lacks economic logic. Das also highlights the significant role of the US dollar in global markets and mentions gold as a partial alternative.
The Walmart Foundation has announced $2.78 million in grants to boost technological innovation in India's agriculture sector.
Former Maharashtra Home Minister Anil Deshmukh has accused Deputy Chief Minister Devendra Fadnavis of orchestrating a CBI case against him related to a four-year-old incident in Jalgaon. Deshmukh claims he could be arrested anytime. The CBI has filed an FIR against Deshmukh and others for allegedly implicating BJP leaders in false cases to gain control of an educational institution.
US Election 2024: Former President Donald Trump expressed frustration over Russian President Vladimir Putin's recent endorsement of Vice President Kamala Harris. Putin praised Harris's laugh in a seemingly sarcastic tone, leading Trump to question the sincerity of the endorsement. Trump emphasized his tough stance on Russia during his presidency and downplayed concerns about Russian interference in the upcoming US election. National Security Communications Advisor John Kirby urged Putin to refrain from commenting on US elections.
The Indian government benchmark bond yield remained steady at 6.85% on Tuesday, with market participants awaiting U.S. inflation data for insights on the Federal Reserve's interest rate decision.
Infosys founder NR Narayana Murthy emphasized the need for rigorous teacher training to improve education standards in India. He suggested inviting 10,000 retired teachers to train a million teachers over five years. Murthy believes this will help today's high school students fulfill Prime Minister Narendra Modi's vision of a developed India by 2047.
As of September 9, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade.