De-escalation in the US-China trade war sparked a strong rally in Indian metal stocks, which surged over 8% on Monday. The jump came after the world’s two largest economies agreed to significantly ease their tit-for-tat tariffs for a 90-day period. The rally was supported by a sharp uptick in global metal prices, driven by optimism … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. Edited excerpts: 1. The Nifty Metal index has been … Read more
Three stocks are on the F&O trade ban list on Thursday viz. Hindustan Copper, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee). SAIL and Zee are the latest entrants. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions … Read more
Indian market is expected to open higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.28% at 21983 levels on Thursday. India VIX was down by 4.65% from 16.33 to 15.57 levels. Volatility cooled off after steaming in the entire week and paved the way for the bulls in … Read more
Mumbai: Shares of metal companies surged on Wednesday as China’s move to prop up its economy is seen boosting demand and prices of metals, but experts remain skeptical of this rally sustaining till there are definitive signs of stronger growth in the world’s second-largest economy.Hindalco Industries, Tata Steel, JSW Steel, Jindal Steel and Power, Steel … Read more
The last week of 2023 is anticipated to be sluggish as many foreign institutional investors (FIIs) are in holiday mode to celebrate Christmas and New Year, says Kunal Shah, senior technical & derivative analyst at LKP Securities. “Despite this, the Indian market is likely to exhibit strength, and a sustained Nifty level above 21,300 could … Read more
Ten stocks are under the F&O trade ban on Wednesday, September 13, 2023, viz. Bharat Heavy Electricals (BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, The India Cements, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank (PNB), National Aluminium Company and Steel Authority of India (SAIL). The F&O contracts of any stock enter the … Read more
While the benchmarks Sensex and Nifty 50 clocked losses for the fourth straight week, the broader market also lost some of its momentum as was visible in the stock performance. In the week gone by, 55 smallcap stocks gave double-digit positive weekly returns, as compared to 75 stocks a week ago. In the BSE 500 … Read more
After losses in the last week, the short-term trajectory of domestic equities is seen as weak, and investors may sit on the fence looking for fresh cues, as the earnings season draws to a close. Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday … Read more