In the Nifty500 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on July 16, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
Global stock markets saw a sharp downturn earlier this year, but Dalal Street has begun to show strong resilience recently. In this backdrop, PL Capital increased its Nifty 50 target to 27,019, while cautioning that the prolonged West Asia crisis and impact of the mega El Nino year can play a “spoil sport”. The Nifty…
Shares of Nuvoco Vistas surged as much as 14% to an intraday high of Rs 359 on the BSE on Tuesday after the company reported a 20% year-on-year rise in net profit to Rs 160 crore for the first quarter of FY27, while revenue increased 9% to Rs 3,129 crore. Nuvoco Vistas said volume growth…
Introduction: In this article, I’ll delve into the essential aspects of understanding the eligibility criteria for a Flexi Loan, a versatile financial product offered by many banks and financial institutions. Flexi Loans are a popular choice for individuals seeking flexible borrowing options, but to access this financial tool, meeting certain criteria is imperative. Credit…
Gold slid to a two-week low on Tuesday as the U.S.-Iran conflict in the Gulf sent oil prices soaring and fuelled inflation fears, with hawkish remarks from Federal Reserve Governor Christopher Waller further reinforcing bets on higher U.S. interest rates. FUNDAMENTALS Spot gold was down 0.2% at $3,993.83 per ounce by 0110 GMT, having shed…
Mumbai: Temasek-backed Manipal Health Enterprises has secured approval from the Securities and Exchange Board of India (Sebi) to move ahead with its proposed initial public offering, as per an update on the regulator’s website. It had filed draft papers in March to raise up to $1.2 billion (around ₹10,000 crore). The IPO will include a…
The gold jewellery industry entered FY27 facing a four-pronged challenge. Soaring oil prices, rising inflation concerns and renewed expectations of higher interest rates amid the West Asia crisis coincided with the once-in-three-years Adhik Maas period, which typically dampens wedding-related jewellery demand. At the same time, Prime Minister Narendra Modi urged citizens to curb gold purchases…