Equity benchmarks gained strength in late trade after consolidation and closed 0.24 percent higher on the Nifty 50 on July 8, but the market breadth was negative. A total of 1,452 shares declined, compared to 1,192 shares that advanced on the NSE. The consolidation and rangebound trading may continue until the frontline indices decisively surpass the recent swing high. Below are some short-term tr...

The Nifty 50 remained volatile throughout the day on May 8. However, the short-term trend appeared weak as the index remained below the critical moving average, 21EMA (exponential moving average), on the daily timeframe.In the near term, the sentiment may continue to weaken as long as it stays below 22,400. On the downside, the index might decline towards 22,150.The BankNifty index encountered a v...

Shares of Motherson Sumi Systems plummeted as much as 9% on the BSE and over 20% on the NSE in Friday's trading session as the stock started trading ex-domestic wiring harness (DWH) business ahead of the record date which is fixed on Monday January 17, 2021.The auto parts maker will determine shareholders for allocation of additional shares of DWH business in the entitlement ratio of 1:1 on its re...

Here are top ten stocks expected to be in the news today.Bajaj Finance: The company has surpassed Kotak MahinBank in terms of market capitalisation, following a surge in its share price, which hit a 52-week high on Wednesday. At 10 am, Bajaj Finance's valuation stood at Rs3.52 trillion which was higher than that of Kotak Mahindra Bank's Rs3.51 trillion market cap.Motherson Sumi Systems: The compan...

Here are top 10 stocks that could be in the news today.Dixon Technologies: The company reported a 60.48% increase in consolidated net profit at Rs44.26 crore for the fourth quarter ended March 2021, helped by increase in revenue. The leading electronic manufacturing services (EMS) company had posted a net profit of Rs27.58 crore in the January-March period a year ago, it said in a BSE filing.Mothe...