Shipping stocks like GE Shipping and SCI soared up to 13% on Friday as mounting tensions between Israel and Iran jolted global markets, pushing crude prices sharply higher and raising bets of container shipping rates rising. Shares of Great Eastern Shipping Company rose as much as 7.7% to Rs 1,049.70 on the BSE, while Shipping … Read more
Great Eastern Shipping Ltd, part of the shipping segment, witnessed some profit-taking in November after giving positive returns in 6 out of the last 8 months. Short to medium-term traders can look to buy the stock for a target of Rs 930 in the next 1-2 months, suggest experts. The shipping stock rose more than … Read more
Indian market closed higher on Tuesday after a two-day decline. The S&P BSE Sensex rallied by nearly 400 points while the Nifty50 closed above 17600 levels. Sectorally, metal, auto, public sector, consumer durables, and energy attracted buying interest while some selling was seen in IT stocks. Stocks which were in focus included which rose more … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more
The Indian market retested crucial support levels in June as selling by foreign investors pushed the Nifty50 lower by over 5 per cent so far in 2022 and many large and midcap stocks fell in double digits. In the quest to find value from the current fall, we have collated a list of 10 stocks … Read more