Author: Manu
The Indian stock market has seen significant fluctuations recently, and public sector undertaking (PSU) stocks, which once soared to unprecedented heights, have found themselves at the center of a sharp downturn. Following an impressive rally in the first half of this year, defence PSU stocks, in particular, have been unable to escape the impact of the broader market sell-off. Despite some recovery in Tuesday’s session, these stocks are currently trading at multi-month lows, sparking concerns among investors about the sector’s immediate future. Defence Stocks Hit Hard One of the most notable aspects of the recent sell-off has been the drastic…
Investors on Dalal Street are gearing up for a crucial trading session today, as the RBI Monetary Policy Committee (MPC) prepares to announce its key interest rate decision. This follows a sharp recovery in benchmark indices on October 8, after six consecutive sessions of losses, with financial, energy, and auto stocks leading the charge. The broader sentiment is expected to remain cautious as market participants wait for the bi-monthly MPC meeting outcome at 10 am. The spotlight will be on rate-sensitive stocks, as sectors like automobiles, consumer durables, real estate, and financial services are likely to react strongly to the…
Zomato shares were trading at ₹273.25 at 11:13 AM on October 8, 2024, representing a 2.59% increase from the previous closing price. This positive movement aligns with broader market trends, as the BSE Sensex also saw gains of 0.53%, trading at ₹81,478.28. Investors are closely monitoring the stock’s technical patterns, which show a mix of strengths and challenges ahead. Price Movement and Intraday Performance Zomato’s share price hit an intraday high of ₹274.45 and a low of ₹262.6 before stabilizing in the ₹273 range. The stock’s 2.59% rise is a welcome change for investors, considering its recent fluctuations. Zomato has…
At 11:19 AM on October 8, 2024, IRCTC shares were trading at ₹872.6, marking a 1.71% increase from the previous closing price. The stock has gained momentum in line with the overall market, as benchmark indices Sensex and Nifty both posted gains. Sensex was trading at ₹81,465.16, up by 0.51%, while Nifty followed closely, gaining 0.5%. Despite the positive movement today, IRCTC’s technical indicators signal that the stock is currently in a downtrend. Price Movement and Technical Indicators IRCTC shares hit an intraday high of ₹872.8 and a low of ₹851.6, remaining within a tight trading range. The uptick in…
Shares of Zodiac Energy surged by 5% on Tuesday, October 8, 2024, following the company’s announcement of a major project win. The stock was locked in its upper circuit, reaching ₹579.60 per share during early morning trading. This sharp rise was driven by the news that the company has secured a significant order worth ₹154.27 crore from the Ahmedabad Municipal Corporation (AMC), a contract for the design, supply, installation, testing, and commissioning of a 30 MW ground-mounted solar project in Gujarat. Key Project Details In a regulatory filing, Zodiac Energy disclosed the terms of the contract with AMC, which includes…
Indian oil stocks faced heavy selling pressure over the weekend, as the escalating conflict between Israel and Iran sent shockwaves through global markets. The geopolitical tension has led to a sharp rise in crude oil prices, which has significantly affected Indian oil companies, compounding their struggles with a weakening Indian Rupee. Stock market experts believe that the ongoing volatility is likely to continue in the short term, with oil stocks on Dalal Street expected to experience further dips. Rising Crude Oil Prices Impact the Market The primary driver behind the sell-off is the steep rise in crude oil prices triggered…
Real estate giant Macrotech Developers Limited (MDL) has captured the attention of investors and analysts alike after reporting its highest-ever quarterly pre-sales performance for the second quarter of FY25. The company, which operates under the Lodha brand, achieved pre-sales of ₹42.9 billion during the quarter, representing a 21% year-on-year increase. This achievement comes despite the challenging market environment during the ‘Shradhh’ period, which traditionally slows down real estate activity. The impressive Q2 update has prompted a 4.32% surge in Macrotech’s stock price, with shares hitting an intraday high of ₹1,222.55. Record Pre-sales and Growth Momentum Macrotech Developers’ Q2 performance has…
The Indian stock market faced a turbulent week, with the Nifty 50 logging its most significant weekly fall in more than two years. Amid rising geopolitical tensions and economic uncertainties, the market witnessed aggressive selling, especially by FIIs, while retail investors surprisingly turned bullish after over a month of caution. Last week’s sell-off was driven by two major global events. First, the escalating conflict between Israel and Iran raised concerns about further destabilization in the Middle East, causing ripples across global markets. The second factor was China’s recent stimulus measures aimed at reviving its sagging economy, which, while positive in…
This article is part 3 of the Futures & Options section of our Stock Market Learning series created by SMJ. Whether you’re new to options trading or looking to enhance your understanding, this guide will walk you through the basics of call and put options. We’ll explore how these powerful financial instruments work, when to use them, and how they can be a valuable addition to your trading strategy. Options offer flexibility and leverage in trading, but they come with unique risks, so it’s essential to understand the details before diving in. Call and put options are essential financial derivatives that give investors the…
This article is part 2 of the Futures & Options section of our Stock Market Learning series created by SMJ to help you understand essential concepts of futures trading in the Indian market. Whether you’re new to futures trading or looking to refine your strategy, this guide will walk you through the basics, benefits, risks, and steps to get started. Futures trading is a powerful tool for managing risk and capitalizing on market movements, but it requires a solid understanding to succeed. Futures trading is an integral part of the derivatives segment in the Indian stock market, offering traders and investors a powerful…