Shares of Swiggy dropped over 4 percent in early trade on December 11, erasing all of its previous day losses as investors rushed to book profits after the one-month lock-in period for anchor investors expired today.Following the lock-in expiry, as many as 6.5 crore shares of Swiggy, or a 3 percent stake in the company, became eligible to trade, opening the doors for anchor investors to go ahead a...

As the market dived into a phase of correction in the past few months amid heated valuations and sharp profit booking from exuberant levels, investors had been on the lookout for new leaders to steer the next leg of the bull run. While once-beloved sectors like defense, railways, and construction took a breather, quick commerce players like Zomato and Swiggy have quietly been making their way to t...

Goldman Sachs On Avenue SupermartSell Call, Target Cut To `3,425/Sh From `4,000/ShDMart’s Competitive Moat Is Facing Increasing PressureIncreasing Price Discounts To Maintain Competitive AdvantageDMart’s Growth Headroom Is Outside The Top 10 CitiesCut Our FY25/26/27 Earnings Est By 4.2%/6.2%/6.1%, Accounting For Lower Revenue GrowthCLSA On CementRise In Cement Prices Implies That Pan India Q3 ...

Nifty Trading PlanThe Nifty 50 closed the rangebound session on a flat note on December 10, continuing its downtrend and lower highs formation for the third consecutive session. Experts expect the index to remain in the range of 24,800–24,500 in the upcoming sessions. If the index decisively breaks 24,500, selling pressure cannot be ruled out, with 24,300 being the immediate support. However, on...

The benchmark indices closed flat amid rangebound trade, with the Nifty 50 falling for the third consecutive session on December 10. About 1,281 shares declined compared to 1,230 shares that advanced on the NSE. The market is expected to remain rangebound, though the overall trend continues to be positive. Below are some trading ideas for the near term:Ashish Kyal, CMT, Founder and CEO of Waves St...