TECH STOCKS
Daily Trading Desk: Short term trading bets. First, a tech stock for 6% and a real estate stock for 7% gain
The markets experienced little action with negligible gains as the Nifty 50 Index remained in a flat range. The breakout is spreading to more sectors as market breadth turns better. Tata Tech shows signs of trend reversal, while Century Textiles broke out from a horizontal resistance, suggesting a potential 7% upmove.
IT stocks fuel Nifty to fresh all-time high; Sensex surges over 250 points
On Wednesday, the Nifty50 reached a new all-time high of 25,104, surpassing its previous peak of 25,078 after 18 trading sessions. The Sensex is just 143 points away from its fresh high of 82,129. By 11:50 am, the Nifty50 was up 86 points (0.35%), and the Sensex had risen 273 points (0.33%) to 81,986.
Asian stocks cautious as markets await Nvidia: Markets wrap
Asian stocks dipped as traders await Nvidia’s earnings to gauge the AI market's strength. With Japan and Australia's markets seeing declines and Nvidia accounting for over 6% of S&P 500's market cap, all eyes are on the giant chipmaker. Recent US consumer confidence data highlighted mixed economic sentiment.
Stocks to buy today: Havells, HCL Tech among top 10 trading ideas for August 27, 2024
In the options market, the highest Call Open Interest (OI) is at the 26,000 and 25,500 strikes, while the highest Put OI is at the 25,000 and 24,000 strikes. Call writing is notable at the 26,100 and 25,500 strikes, whereas Put writing is observed at the 25,000 and 24,900 strikes.
Japan's Nikkei falls as Wall Street tech losses weigh
In early trading on Tuesday, Japan's Nikkei share average fell 0.5% to 37,936.68 following declines on Wall Street. Technology stocks led the drop, with companies like Tokyo Electron and Advantest pulling the index down. Broader Topix also dipped 0.2%. The yen's recent strength against the dollar further dampened market mood.
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Stocks in news: Ultratech, Paytm, HCL Tech, Gland Pharma, GPT Infra
Stocks in news: The domestic market had a promising start this week, aided by a dovish stance from the US Fed. Shares of Ultratech, Paytm, HCL Tech, Gland Pharma, and GPT Infra gained attention due to various developments. Key moments included Sameera Agro’s bonus shares issue, HCLTech’s extended partnership, and GPT Infraprojects’ QIP approval. UltraTech raised $500 million through a sustainability-linked loan.
Asian stocks fluctuate as Nvidia earnings awaited: Markets wrap
Asian markets moved in narrow ranges following declines in tech giants dragging Wall Street down. Japanese and South Korean stocks turned slightly positive, with mild gains in Australia. Nvidia earnings, expected to be strong, could impact the market significantly. The Fed’s potential rate cuts and China’s trade tensions with Canada are also under scrutiny.
Sensex gains 700 points; Nifty reclaims 25K as Powell's dovish remarks uplift investor mood
The Sensex and Nifty50 rose on Monday, buoyed by gains in financial and IT stocks after U.S. Federal Reserve Chair Jerome Powell hinted at upcoming interest rate cuts. Major gainers included Tech Mahindra and TCS, while sectors such as IT and Financial Services saw growth. Conversely, FMCG and Pharma sectors experienced declines.
Dixon Tech, Amber Enterprises in EMS sector could give 13-19% return. Here’s why
India's electronic manufacturing sector had experienced substantial growth due to government measures like the PLI schemes. Companies such as Dixon Technologies and Amber Enterprises benefited from these initiatives, positioning themselves as key players. Further efforts were required to enhance component manufacturing and self-sufficiency.
Wall St Week Ahead: 'Super Bowl' Nvidia earnings stand to test searing AI trade
Nvidia's upcoming earnings report could impact U.S. stock markets, which have recovered from recent losses. The company's stock has surged 150% this year, heavily influencing the S&P 500's performance. Investors await guidance on future AI investments to gauge market direction during a historically volatile period in September.
Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.
Japan's Nikkei inches higher amid weaker yen, pharma extends rally
Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited due to tech stocks following their U.S. counterparts lower. Export-heavy markets got support from a weaker yen. Market participants await Bank of Japan Governor Kazuo Ueda's and U.S. Federal Reserve Chair Jerome Powell's speeches.
Wall St ends lower as tech shares weigh; Jackson Hole in focus
U.S. stock markets faced declines on Thursday with technology shares leading the fall as Treasury yields rose and global central bank officials met at the Jackson Hole Economic Symposium. Investors are keenly awaiting Federal Reserve Chair Jerome Powell's speech for insights on potential rate cuts.
ABB India, KFin Tech among 35 stocks to trade ex-dividend tomorrow. Do you own any?
Dividends are paid to shareholders who are listed in the company’s records on the record date. To qualify for the dividend, you must purchase shares at least one day before the ex-date, as transactions settle the following day. Shares bought on the ex-date itself will not be eligible for dividends.
Sensex, Nifty open marginally lower weighed by bank and IT stocks
On Wednesday, the Indian stock market experienced a minor downturn driven by financial and IT stock declines. The Sensex dropped 98 points, while the Nifty50 decreased by 17 points. Investors awaited the U.S. Federal Reserve meeting minutes for clues on rate cuts. Foreign investors continued to sell, while domestic investors showed buying interest.
New age firms' 29% Q1 revenue growth beats BSE 500, 1-yr stock returns better too
New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue growth, led by Zomato. Paytm was an outlier, with a 36% decline. Newly listed firms including Unicommerce, Ola Electric, and Firstcry attracted considerable investor interest and delivered notable gains, reflecting a changing market sentiment.
Stocks in news: IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure
The benchmark indices saw a flat closing on Monday with investors waiting for more triggers. Key focus areas were IndusInd Bank's RBI nod for a mutual fund business, Saraswati Saree Depot's 30% premium debut, and movements in Zomato, Poly Medicure, Motilal Oswal, Hi-Tech Pipes, Sapphire Foods, and HCL Tech shares.
Top guns like Ashish Kacholia, Rekha Jhunjhunwala strike gold with 14 multibagger stocks
Top investors on Dalal Street including Ashish Kacholia and Rekha Jhunjhunwala saw substantial gains in 2024, with 14 of their stocks yielding multibagger returns. Notably, Advait Infratech provided a 215% return. Despite these successes, experts recommend cautious investment amid high valuations in certain market segments.
Technical View: Strong momentum could take Nifty past 25,000
Technical analysts noted a strong bounceback in Nifty, predicting further upward momentum. Stocks such as Vedanta and Hindustan Copper formed bullish setups. Investors are advised to focus on IT and FMCG sectors, while considering partial profits in pharma. Positive trends were also seen in metal and banking sectors.
43 smallcap stocks post double-digit weekly gains amid market consolidation
The stock market experienced a bullish week, with 43 stocks posting double-digit gains. Inox Wind Energy spearheaded the small-cap surge with a remarkable 35% gain. Kitex Garments and Suprajit Engineering also impressed with gains exceeding 25%. Gravita India, Panacea Biotech, Inox Wind Ltd, and Sarda Energy delivered robust returns between 20% and 25%, contributing to a positive overall market sentiment.
Investor wealth swells by over Rs 7 lakh crore: 6 key factors behind Sensex 1,331 pt rally
The Sensex gained over 1,300 points while the Nifty crossed 24,500 on Friday, driven by positive global cues and strong US economic data. Information technology stocks significantly contributed to the rally. Market capitalization on BSE saw a notable increase. The easing of US inflation and robust retail sales helped improve market sentiment globally.
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