In the past week, nine penny stocks witnessed sharp declines ranging from 10% to 25%. These laggards were identified through a screening process that focused on stocks with a market capitalization below ₹1,000 crore, a share price under ₹20, and a minimum recent trading volume of 5 lakh shares. The approach highlights low-priced, actively traded […]
Rs 2.24 lakh crore wiped off from 8 of top-10 most valued firms; Reliance, HDFC Bank lead losses
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 2,24,630.45 crore last week, with Reliance Industries and HDFC Bank taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark dropped 1,497.2 points, or 1.84 per cent. From the top-10 pack, Reliance Industries, HDFC […]
Ola Electric shares rally 14% this week. Analysts see Rs 70 on the horizon despite risks. Should you buy now?
Ola Electric shares rose 14% this week after the company secured Production Linked Incentive (PLI) certification for its Gen 3 scooters. This achievement management says will bolster margins and accelerate its path to profitability. However, the rally comes against the backdrop of steep losses over the past year and intensifying competition, prompting investors to question […]
Raamdeo Agrawal sees long-term opportunities as India enters new growth cycle
Market veteran and Motilal Oswal Financial Services Chairman Raamdeo Agrawal believes India’s economy and equity markets are entering a new structural growth cycle, offering long-term opportunities but warranting caution and selectivity in stock picking. In a post on X (formerly Twitter), Agrawal noted, “India’s economy and markets are entering a new structural growth cycle. This […]
Tariff worries fade, consumption revival seen as next big theme: Amit Khurana
The recent nervousness in equity markets over tariff hikes seems to be fading, with investors taking comfort in expectations that the long-term impact on growth will be limited. Market experts say attention is now shifting towards GST rate rationalisation and its potential to boost domestic consumption. Speaking to ET Now, Amit Khurana highlighted that the […]
Japan’s Nikkei falls as August rally spurs profit-taking
Japan’s Nikkei share average fell on Friday, as August’s rally invited profit taking on the month’s final trading day, while a stronger yen and some weak economic readings weighed. Tech-heavy Nikkei dropped 0.26% to finish the day at 42,718.47, trimming its gains for the week to 0.2%. The index, which hit a record high of […]
Fallout of US’ 50% tariff on India: Cowboy moves lasso Indian bulls
Donald Trump’s tariff offensive against India knocked the domestic stock market off balance, with key share indices notching up losses in a shortened trading week. Investors are now pinning hopes on the proposed goods and services tax (GST) rationalisation likely in the week ahead to alleviate concerns over the fallout from the 50% tariffs imposed […]
After plumbing lows, Ola gets a full charge on D-Street; stock jumps 31% in August
Ola Electric Mobility shares posted their biggest monthly gains since listing in August last year, driven by expectations of securing the government’s production-linked incentives and fresh institutional investor interest. The stock jumped nearly 31% in August-when the market sentiment has been wobbly-rebounding from its all-time lows last month, boosted by the 14.5% gains this week […]
Global stocks decline with tech shares; dollar weakens as Fed rate cut in view
Major stock indexes fell on Friday, with technology shares including Dell Technologies leading declines, while the dollar weakened against the euro after U.S. inflation data kept alive expectations of a September interest rate cut. Dell dropped 8.9% after it reported results late Thursday that included high manufacturing costs for artificial intelligence-optimized servers. Other AI-related shares […]
European shares post first weekly loss in four as banks weigh
European shares closed lower on Friday, hitting their lowest in over two weeks, weighed down by British banks, while investors assessed economic data in the U.S. and the euro zone. Natwest dropped 4.8%, while Barclays and Lloyds shed 2.2% and 3.4%, respectively, as a think tank recommended Britain’s government should tax banks on the billions […]