BEL Ltd shares have found support at the 50 EMA, with technical and derivative parameters suggesting a potential upward move towards Rs 238-240. On May 15, BEL shares were up over 0.30 percent, surpassing Rs 231.The stock is currently trading above its short-moving averages. Avani Bhatt, Senior Vice President of Derivative Research at JM Financial, noted that the stock has completely recovered fro...

Global funds are snapping up India’s longer-maturity bonds in a bet the central bank will eventually become less hawkish as they position for those securities that will be included in JPMorgan Chase & Co. indexes.The proportion of foreign money allocated to local bonds due in 10 years or more climbed to 17% last week, up from just 11% in September, while that in debt maturing in five years or le...

Shares of luxury watch player Ethos soared over 9 percent to Rs 2,324 on May 14 after it reported an upbeat January-March quarter (Q4FY24) performance.So far this year, Ethos has surged over 18 percent, outpacing the benchmark Nifty 50 which rose 2 percent. The company's shares had hit a 52-week high of Rs 3,040 per share on March 11, 2024.Ethos's consolidated revenue from operations rose 21.7 per...

Booster shotAn interesting tug of war playing out in Dr Reddy’s following the fourth quarter numbers. Massive volumes were seen in the ADRs on Friday, and on Monday too ADR volumes were higher than usual. Dr Reddy’s has been among the laggards in the pharma pack, and the near-term outlook remains cautious given continued price erosion in the US generic space and increased R&D spending. Price a...

BSE Sensex and NSE Nifty 50 extended the previous session's gains with automobile and energy stocks leading the gains. However, concerns about the results of the ongoing general elections persist.The broader market outperformed the benchmarks with BSE Midcap rising 0.7 percent and BSE Smallcap gaining 1.4 percent.At 11:42 am, the Sensex was up 221 points or 0.3 percent at 72,998 and the Nifty 50 w...