Reason for the price action Today, shares of Inox Wind Ltd (IWL) surged by 15% and hit a fresh 52-week high at Rs 332.40. The surge came after the company announced that its group company Inox Wind Energy Ltd (IWEL) has completed an infusion of Rs 800 crore into the company. This strategic action marks …
BCL Industries, a North Indian agro-processing leader, is riding high on both ethanol contracts and Q2 performance. The company, known for its grain-based ethanol and ENA, secured lucrative ethanol supply deals with Oil Marketing Companies (OMCs) for 2023-24. These contracts, worth a combined Rs. 561 crore, solidify BCL’s position as a major player in this …
India’s robust democracy holds elections as an integral part of its fabric, influencing the nation’s sentiment and economic outlook. While equity market performance may vary before and after election results, long-term trends suggest market resilience. Election and market movements Following the 2004 Lok Sabha elections, the BSE Sensex, India’s benchmark stock market index, experienced a …
Market Update In today’s trading session, the Sensex experienced a 1.48% surge, and the Nifty demonstrated a 1.54% uptick. Concurrently, Nifty Midcap saw a 1.05% rise and Nifty Smallcap achieved a 1.19% increase. Noteworthy performers leading the upward trend include Nifty PSU Bank, Nifty Realty, and Nifty Bank, whereas Nifty Media and Nifty Pharma emerge …
The benchmark index S&P BSE 500 opened today at 29,083.87 and made its day high at 29,132.68 and it is trading in green today, up by more than 1.40% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more …
Indian headline indices started the week with a substantial surge following election outcomes, igniting the markets. These indices reached new all-time highs on the bourses, with robust uptrends observed in the energy, oil & gas, power, and capital goods sectors. With 2,485 shares rising on the BSE and 1,089 shares declining, the advance-decline ratio strongly …
On Monday, the benchmark indices were trading higher with the Sensex up around 940 points or 1.4% at 68,420 while the Nifty-50 up around 298 points or 1.47% at 20,565. About 2,518 shares have advanced, 1,132 declined, and 197 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …
A bonus issue is a corporate action in which a company distributes additional shares to its existing shareholders, without any additional cost, based on their current shareholdings. These bonus shares are issued in proportion to the number of shares a shareholder already owns. The objective behind the bonus issue is to typically issue bonus shares …
These 3 stocks have shown good chemistry with 50-day EMA in the last few trading sessions, indicating strong bullish activity. Here’s an in-depth look. EMA Bounce Back Strategy The 50-day EMA bounce strategy is based on the idea that a stock price that retraces to its 50-day EMA and then bounces off of it may …
The Nifty50 commenced the day with a bullish gap-up opening at 20,194.10, signalling a strong upward momentum that has persisted for the past three trading sessions. Following a breakout from the November 16 trading session high, the Nifty has been on a sustained upward trajectory. It managed to retain its gains from the first half …
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