Author: Manu
Here are a few critical stock choices to keep an eye on on the 21st of October Based on the latest earnings reports and announcements from corporate sources. Also Read: October 18 Stock Picks: Infosys, Wipro, and Axis Bank Lead the Charge 1. Bajaj Housing Finance is set to release its second quarter results this morning. Investors keep an eye on positive trends in the business’s finances that suggest a buying opportunity. Due to its position in the housing finance sector and its continued presence, it is a crucial company to be considered in the current economic climate. 2. HDFC…
Indian stock market indexes, such as those of the Sensex and the Nifty 50, are anticipated to begin the week with a cautious tone with hopes of an open that is flat to lower on Monday. The global sentiment and low-grade indications from the Gift Nifty suggest that market participants should be prepared for a quiet session. This Gift Nifty is trading around 24,925, which is about 25 points lower than Nifty’s closing, suggesting a weaker start in Nifty, the Indian Nifty benchmark. Also Read: October 18 Stock Picks: Infosys, Wipro, and Axis Bank Lead the Charge Friday Recap The…
This article is part 4 of the Futures & Options section of our Stock Market Learning series created by SMJ. Whether you’re a beginner exploring the world of derivatives or an experienced trader looking to deepen your understanding, this guide on Open Interest will explain one of the key metrics used in futures and options trading. The term Open Interest (OI) is an important idea in the world of options and futures trading. It refers to the total amount of outstanding contracts – whether options or futures have been closed or settled. In simple terms, “Open” Interest refers to the number of active positions held…
The market for foreign exchange has seen significant changes this week as the Euro (EUR) is under pressure while the US Dollar (USD) continues to climb. A cautious stance by the European Central Bank (ECB) and robust economic data coming from the US are influencing the market for the most important currencies, including USD/JPY and EUR/USD. The ECB’s decision to cut the deposit facility rate in 25 basis point increments to 3.25% has raised concerns about slowing the economy in the Eurozone. The region’s inflation rate is reportedly decreasing as its Harmonized Index of Consumer Prices (HICP) declined to 1.7%…
Prices for gold in India reached new heights on Friday, 18 October, when it accelerated its rise due to global influences. Domestic markets also reflected the increase in gold prices, which reached Rs 77,641 for 10 grams in the futures market at the MCX. The December contract increased by 0.62%, reaching a price of Rs 77,587 for 10 grams. This rise is attributed to the high demand in spot markets and positive global signals. Also Read: October 18 Stock Picks: Infosys, Wipro, and Axis Bank Lead the Charge Global Market Impact In the global market, gold is seeing an increase…
Key stock recommendations in light of the most recent developments on the market for October 18th, 2024. Recent earnings announcements and shifts in the direction of industries These stocks should be considered to see if they can grow. Also Read: Nifty and Bank Nifty Trade Setup for October 18: Indian Markets Brace for a Bearish Start InfosysInfosys is a solid competitor, revealing a 4.7% year-on-year increase in net profits for Q2 FY25. With revenues reaching Rs 6,506 crore, driven by a recovery in demand in the financial and tech sectors, Infosys’s performance suggests steady growth. With its steady profit and…
Indian benchmark indexes, such as the Sensex and the Nifty 50, are expected to open lower Today, following the weak global cues and ongoing FII outflows. In the case of Nifty 50, Gift Nifty indicates a potential gap-down open, trading at 24,750, or around 90 points below the last closing price of Nifty’s futures. These indicators suggest a bearish beginning in Indian markets. Also Read: Gold and Silver Price Analysis for October 17: A Closer Look at Market Movements The Market Report from Thursday Thursday saw a dramatic decrease in both the Sensex as well as the Nifty 50, driven…
The US dollar held steady this morning as investors awaited the release of a series of critical economic indicators. Retail and core retail sales are expected to increase by just 0.1%. They are predicted to be the most essential indicators of the US’ financial health. Industrial production is forecast to experience an increase of 0.3% rise, and unemployment claims are predicted to decrease just a bit to 241K from the prior 258K. The Philly Fed Manufacturing Index is expected to show a slight improvement, rising by a few points to 4.2 from 1.7. As of now, gold is continuing its…
Prices for Silver and Gold remain volatile amid global uncertainty as we move into October 17. On the day before trading, the price of Gold saw a slight rise, while silver prices were steady across the large Indian cities. The tensions between geopolitics and the market regarding central bank policy have significantly impacted the market trend. Also Read: Five Stocks to Watch on October 17: Key Moves Driving Future Growth Gold Prices in Major Cities Prices for Gold in India experienced a sharp increase on October 16, with gold prices of 24 carats for Rs78,073 a gram in Delhi. It’s…
Five stocks are emerging as the top selections in the present market based on noteworthy developments and future potential performance. We provides the five stocks chosen based on strategic investments, financial growth, and new opportunities, boosting their potential for the future. Also Read: Nifty and Bank Nifty Trade Setup for October 17: Indian Stock Market Faces Resistance These selections of stocks reflect recent financial announcements and announcements that position the companies for future expansion. Also Read: Top Stock Picks for October 16 by SMJ (Stock Market Journal)