Tag Archives: Stocks

Support for Nifty at 10,777; PSU banks, media stocks to remain under pressure

Chandan Taparia Nifty index had a volatile Budget day but overall witnessed strong recovery of 400 points from recent swing low of 10,583 to 10,983 zones in last four sessions. It corrected from higher zones in the last week but again managed to attempt the same key hurdle area. It formed a Bullish candle on weekly while a High Wave ... Read More »

Chart analyst Katie Stockton sees a weeks-long relief rally in stocks that could offer a better selling opportunity

Wall Street will see a ‘relief rally’, strategist says   9:20 AM ET Mon, 24 Dec 2018 | 05:19 Wall Street will see a relief rally in stocks that would offer a better selling opportunity for investors, technical analyst Katie Stockton told CNBC on Monday. “When we do see a relief rally, it should be significant,” said Stockton, founder of Fairlead ... Read More »

Axis Bluechip Fund bests rivals by staying clear of momentum stocks, mid-caps

Axis Asset Management Co manages around $12 billion in assets. Photo: Bloomberg Sticking with financial stocks and not chasing returns has helped Axis Asset Management Co. to ride the wave of volatility in Indian markets that has hammered many of its competitors. The Axis Bluechip Fund is up 25% over the past year, beating nine index funds and 35 other ... Read More »

Cord cutting and a soft advertising market take a toll on media stocks

“The Big Bang Theory” on CBS remains one of the most popular TV shows. (Michael Yarish / Warner Bros. Entertainment Inc.) Aslowdown in advertising spending and a rise in cord-cutting by pay-TV customers are giving Wall Street fresh jitters about the health of the television industry. During the first quarter of the year, an estimated 762,000 pay-TV customers unplugged their ... Read More »

Liquor Stocks Fall After Top Court Orders Closure Of Shops Along Highways

Shares of liquor makers such as Globus Spirits, Pincon Spirit, Radico Khaitan and United Spirits fell as much as 7 per cent after the Supreme Court ordered closure of liquor shops along the national and state highways. Indian made foreign liquor maker Globus Spirits fell as much as 6.85 per cent to Rs 90.35. It was followed by Pincon Spirit ... Read More »

Wall Street Dragged Lower On Tech Stocks; China Tension Weighs

Analysts said investors were anxious and turned to defensive sectors in stocks as well as US Treasuries. New York: US stocks fell on Friday, weighed by a more than 4 per cent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains. Oracle dropped 4.3 per cent to $39.10 after its ... Read More »

Asia Stocks Find Relief As China Set To Return Seized US Drone

MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1%. Tokyo: Asian shares steadied in early trade on Monday after China agreed to return a US drone it had seized, easing worries about rising diplomatic tensions between the world’s two biggest economic powers. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1 per cent after falling to ... Read More »

Sensex Snaps 4-Day Rally, Ends 106 Points Lower On Selloff In IT Stocks

Sensex snapped 4-day winning streak on Friday as blue chip Infosys fell as much 9 per cent after the software services exporter posted disappointing results and slashed revenue forecasts. Bigger rival Tata Consultancy Services also fell, even as it reported a more upbeat quarterly profit than Infosys, as investors were concerned about its outlook, given the potential impact from the ... Read More »

Stocks At 8-Month High, France Attack Subdues Europe

London: Reassuring Chinese data lifted world stocks to an eight-month high on Friday though Europe ended an otherwise strong week subdued after an attack by a gunman at the wheel of a truck in the south of France killed at least 84 people. Britain’s FTSE 100 and Germany’s DAX managed to shake off an early dip to be back level ... Read More »

Gold Dips as Stocks Struggle; Bullion Funds See More Inflows

Singapore: Gold fell early on Thursday as investors cautiously watched volatile stock and oil markets for cues, but stayed above $1,200 an ounce, drawing some support from flows into bullion funds. Fundamentals * Spot gold eased 0.2 percent to $1,226.40 an ounce by 0043 GMT. * On Wednesday, gold had risen as much as 2 percent to $1,252.91 as lower ... Read More »