Reseñas

The transition of trading of SGX Nifty to NSE IFSC through the Connect was expected to take place shortly after the operations begin, with dollar-denominated Nifty contracts to be exclusively traded on the NSE IFSC, the exchange operators said

The hourly and daily upper Bollinger Bands expanded along with price action, which assisted the bulls today. Momentum oscillator RSI gave a falling trend line breakout.

As the macroeconomic environment is improving, the brokerage firms see upside risk to SBI’s earnings driven by higher margins due to the rising interest rate cycles, sustained healthy loan growth, and lower credit costs.

One of the major factors resulting in the underperformance of this heavyweight stock has been the imposition of windfall gains tax on domestically produced crude oil and on fuel exports by the government in July.

Out of the 38 analysts with a coverage on SBI, which reported its highest-ever quarterly profit after tax (PAT) of Rs 13,264.62 cr in Q2, at least 10 of them have upgraded their target prices in the last one month, Trendlyne data shows. The average targets signal an upside potential Continue Reading

In the NSE list of stocks with a market cap of over Rs 1,000 crore, six stocks crossed their previous 5-year high value at the close on November 29, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look:

HEG: Buy | Target Rs 1125 | Stop Loss Rs 1025. Price has moved up after a range-bound action. Price is in an attempt of an upside breakout.

The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.

In the BSE list of stocks, four stocks with a market cap of over Rs 200 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average Continue Reading

Stocks that were in focus include names like Aditya Birla Capital which was up over 5%, Bank of India which gained nearly 3%, and IDBI Bank which hit a fresh 52-week high to close with gains of over 2% on Tuesday.