Stocks in news: Nykaa, BEL, Tata Motors, HEG, Puravankara
Equity markets remained under pressure and extended its corrective phase, losing nearly a percent. In today’s trade, shares of Nykaa, BEL, Tata Motors, HEG, Puravankara among others will be in focus due to various news developments. HEGHEG acquired 8.23% stake in GrafTech International for about Rs 248.62 crore. GrafTech International is a leading manufacturer of…
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sensex news: Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
Domestic equity indices Sensex and Nifty opened flat on Friday, reflecting a pause in the global equities rally ahead of the Federal Reserve Chair Jerome Powell’s address later today, as markets await confirmation of U.S. rate cuts starting in September. The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was…
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Nykaa shares rally 20% in 1 month. Is your portfolio ready for a makeover?
The shares of FSN E-Commerce Ventures, the parent company of the beauty brand Nykaa, have recently seen a sharp rally as the stock surged 20% in one month, of which 11% surge took place in just the last week. Investor enthusiasm was also fueled after the company reported a Rs 13.64 crore profit in the…
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Nykaa shares rise 4% after 1.4% stake sale via block deal
Shares of FSN E-Commerce Ventures, the parent company of Nykaa on Friday, rose 4% to the dayβs high of Rs 218.75 on the BSE after investors Harindarpal Singh Banga and his wife, Indra Banga, likely sold a 1.4% stake in the company through a pre-market block deal. Reportedly 4.09 crore shares, or 1.4% of the…
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Q1 results today: Hindalco, Nykaa among 660 companies to announce earnings on Tuesday
The first quarter earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC. Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance…
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Hindenburg vs Sebi among 6 factors to dictate Nifty mood this week
After ending around 1.5% weaker amid global weakness, the trajectory of Sensex and Nifty will now have a domestic reason to worry about – Hindenburg’s allegations against Sebi Chairperson Madhabi Puri Buch in the Adani issue. While there are no fresh allegations against the Adani Group, the shares of which recouped losses made in the…
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Avoid aggressive bets as markets may see volatility spike
Technical analysts advise avoiding aggressive bets until global market conditions stabilise. If Nifty stays below 24,800 and VIX remains above 14.5%, a correction is likely, with key support at 24,540 and 24,210. Stocks like Nykaa, HDFC Bank, Sun Pharma, TCS, GAIL, Adani Ports, ITC, Chambal Fertilisers, KNR Construction, Oil India, and CESC look promising, according…
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