STOCK MARKET CRASH TODAY
Stock market update: Stocks that hit 52-week lows on NSE
Grasim Inds., Hindalco, JSW Steel, M&M and Coal India Ltd were among the top losers on NSE.
Stocks to buy today: Bajaj Auto, Aurobindo Pharma among top 8 trading ideas for 29 August 2024
Stocks to Buy Today: The Indian stock market is expected to consolidate on Thursday amid mixed global cues. Analysts suggest a broader trading range between 24,700 and 25,500 zones. Key stock recommendations include Granules India, Voltas, and Eicher Motors, among others. Traders are advised to look out for specific buy targets and stop losses.
Stock market update: Stocks that hit 52-week highs on NSE
Godfrey Philips, Aarey Drugs, Pokarna Ltd, Vimta Labs and Genesys Intnl, hit their fresh 52-week highs at 10:39AM.
Stock market update: Stocks that hit 52-week lows on NSE
Hero MotoCorp, Britannia, Asian Paints, Maruti Suzuki and Nestle India were among the top losers on NSE.
Stock market update: Stocks that hit 52-week highs on NSE
Insecticide Ind, Ucal Fuel Sys, Nahar Capital, Heranba Ind and Summit Sec, hit their fresh 52-week highs at 09:59AM.
Stock market update: Stocks that hit 52-week highs on NSE
Ucal Fuel Sys, NIIT, Bhageria Industries, Khaitan Chem and Lypsa Gems, hit their fresh 52-week highs at 11:25AM.
Stock market update: Stocks that hit 52-week lows on NSE
BPCL, JSW Steel, Bajaj Finserv, Tata Motors and Kotak Bank were among the top losers on NSE.
How bearish market predictor Marc Faber got his name Dr Doom
Faber began writing his bearish outlook reports in the 1970s, initially for personal use and to address the lack of awareness among Americans about foreign exchange rates, the dollar's value against gold, and European currencies at the time. As the publisher of the widely respected "Gloom, Boom & Doom Report," he offers contrarian perspectives on global financial markets, highlighting the importance of cautious investing and the potential for significant economic downturns.
Is the stock market closed today for Janmashtami?
Share Market Open or Closed: Indian stock markets remains operational on Krishna Janmashtami, with Sensex and Nifty recording a 0.7-1% surge in the earlier week, marking the year's longest rally. Global markets also rose after U.S. Federal Reserve Chair Jerome Powell suggested a potential rate cut in September.
Stock Market Holiday: Is the stock market open or closed today for Independence Day?
Stock Market Holiday: On August 15, equity markets were closed due to Independence Day, halting all trading activities. The Multi-Commodity Exchange also remained closed. Market closures are also scheduled for Id-E-Milad and Mahatma Gandhi Jayanti. Softer U.S. producer prices data positively impacted Indian indices amid expectations of an interest rate cut by the Federal Reserve.
Bear market coming? From Warren Buffett to mutual funds, big boys hoarded cash before crash
Top investors, including Warren Buffett and major Indian mutual funds, were seen increasing their cash reserves amid market turbulence. Buffett's cash piles rose to $277 billion, while Indian mutual funds held Rs 1.52 lakh crore in cash by June. Experts recommended a cautious, staggered investment strategy considering potential market corrections.
Stock market crash dampens IPO buzz as GMPs of Ola Electric, Firstcry fall
Allaying frayed nerves, analysts say the sell off is more of a short-term volatility and it does not indicate any long-term panic mode set in the Indian equities. The primary market is taking a hit in terms of IPO demands. Ola Electric’s GMP has fallen to Rs 10, compared with Rs 15 a few days ago. At the current GMP, the stock is expected to list at a premium of 13% to the issue price.
Buffett Indicator had warned of stock market bubble waiting to burst
The Buffett Indicator warned of the Indian stock market's overvaluation, hitting a peak of 150% of GDP. This was followed by a 2,600-point drop in the Sensex due to global concerns. Analysts believe further corrections could happen but see this as a short-term issue rather than long-term panic.
Don’t start buying now as correction may not end in a day; 7-10% Nifty fall may remove froth: Sandip Sabharwal
Stock Market Crash Today: Market expert Sandip Sabharwal has indicated that a 7% to 10% correction in Nifty could be beneficial for aligning valuations with long-term trends. He recommended waiting before investing afresh, noting that markets may take a few weeks to stabilize. Sabharwal remains positive on auto, industrials, and consumer durables sectors, while advising caution with financials.
Sandip Sabharwal on 3 sectors to get into once market correction's over
Sandip Sabharwal indicated that FMCG, auto, and consumer durable sectors were poised for demand recovery due to lower input costs. Pharma companies showed resilience with strong results, while the railway sector and commodity stocks faced valuation challenges. He advised caution in heavily over-owned spaces, particularly by retail investors, and looked forward to Bharti Airtel's performance in improving ARPU and profits.
Tata Motors, ONGC among top losers as Nifty slips below 24,300 mark
Trading on Monday saw Tata Motors and ONGC shares fall by 5%, causing the Nifty 50 index to drop by 3%. Shares of Hindalco, Mahindra & Mahindra, and Tata Steel also declined. Britannia, Sun Pharma, and a few other stocks managed gains. The market was influenced by global economic concerns and potential US recession indicators.
Market Crash: Are we moving towards recession? Some key numbers from the US, where a sneeze can make the world catch a cold
Market Crash today: The US unemployment rate rose to 4.3% in July, sparking recession fears. Economists predict a potential recession in 2025 and expects the Federal Reserve to cut interest rates starting in September. Key indicators include slower job growth, industry layoffs, and housing market concerns, with underinsurance posing a $1.2 trillion threat to property values.
Markets crash 2,000 points: 'How to open FD', 'Mahabharat', 'Buy the dips' memes flood social media on Black Monday
Indian stock markets plunged today due to U.S. recession fears, with the Sensex dropping over 2,400 points and Nifty falling below 24,300. The market capitalisation of BSE-listed companies fell by Rs 10.24 lakh crore. Major stocks like Tata Motors and Tata Steel were hit hard. Social media buzzed with reactions, highlighting investor anxiety.
Consolidation healthy for market; good opportunity for long-term investors to step in: Pankaj Murarka
I think broadly, directionally, earnings momentum and economy remains in good shape. So, probably a pullback or some consolidation should be healthy for the market from a slightly more medium-term perspective. So, I think any pullback in that sense should be a good opportunity for long-term investors to step in.
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