Ahead of Market: 10 things that will decide stock action on Monday
"After three weeks of good consolidation, Nifty index has given a major range breakdown. With good volumes, Nifty has broken down from the 18200- 17800 levels, indicating that bears are in control. Around 17550, Nifty took a minor support at its 200 EMA. To resume its upward rally, Nifty needs to close above 17750 - 17800; until then, this could be a sell on every rise opportunity in the Index,” Ameya Ranadive, Equity Research Analyst, Choice Broking.
Bloodbath in Adani Group stocks leave Rs 19,000-crore scar on LIC’s book
An over 21% fall in Adani Ports shares in the last two trading days of the week gone by resulted in over Rs 3,000 crore of losses for LIC. In Adani Enterprises, the flagship company of the group, LIC incurred a loss of close to Rs 3,300 crore due to a 20% fall in the share price on Wednesday and Friday. Besides these two companies, the countrys largest life insurer holds significant stake in Adani Total Gas, ACC and Ambuja Cements.
Two Adani group stocks Nooresh Merani is betting on
If you are an investor, go ahead and deploy 40-50% of the cash and the rest post Budget. As a trader, you cannot take a lot of trading positions because you do not want to be on a gap up or a gap down without a view and an event is not something you have a view on because if you are trading technical, you are trading momentum and as of now the momentum is on the downside.
Adani stocks fall for second straight day, bonds too hit
While Adani Total Gas, Adani Energy, and Adani Transmission shares plunged 20%-the lowest levels of the day, Adani Ports and Adani Enterprises dropped 16% and 19%, respectively. Adani Power and Adani Wilmer shares dropped 5% each.
ACC, Ambuja Cements hit multi-month lows as Adani group ditched on governance concerns
Shares of Adani Transmission, Adani Green Energy, and Adani Total Gas were locked in the 20% lower circuit. Adani Ports and Special Economic Zone hit a 2-year low, and Adani Enterprises a 5-month low. Describing Hindenburg's 32,000-word report as maliciously mischievous and unresearched, Adani Group threatened to take punitive action against the firm in both US and Indian courts.
Hindenburg ambush! How a 106-page report left $29 billion hole in Gautam Adani's pocket
In the last two trading days, Thursday being a market holiday, the 60-year-old Ahmedabad-based college dropout has been left poorer by around $29 billion, pushing him to the seventh slot in the elite list of world's richest billionaires.
Rs 4 lakh crore gone in 2 days! Adani bulls nurse wounds after short-seller's attack
In the last two trading sessions since the release of the report, which has been described as "maliciously mischievous and unresearched" by billionaire Gautam Adani's team, the market capitalisation erosion has been around Rs 4 lakh crore. Wednesday's crash itself wiped off Rs 1 lakh crore from Adani stocks. The selloff deepened on Friday, despite the Ahmedabad-based diversified conglomerate denying allegations and threatening court cases, with three out of 10 stocks hitting record low levels.
Ahead of Market: 10 things that will decide D-St action on Friday
“Nifty seems to have given a fresh breakdown. The 17,761-17,774 band is the immediate support for Nifty below which the downtrend could accelerate. On up moves, 18,145 could prove to be a resistance,” says Deepak Jasani, Retail Research Head- HDFC Securities
Dalal Street ahead of Wall Street in market infrastructure, safety: Nithin Kamath
“You might be wondering, why isn't instant settlement like payments possible. This is because most trading volumes on the exchange are from intraday traders who buy and sell stocks without taking delivery or have the stocks to deliver immediately," said billionaire Kamath.
$6 billion gone in a day! Gautam Adani sees heavy wealth erosion after shares tank up to 10%
Shares of all the 10 Adani Group stocks, including the recent acquisition NDTV, were trading lower after Hindenburg revealed that it has been short-selling Adani Group companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities.
Ahead of Market: 10 things that will decide D-St action on Tuesday
“Till the time the index trades above 17,800 on a closing basis, the pattern is eventually expected to break out on the upside. Nifty will be set for a larger bounce, once it crosses the near term barrier of 18,050,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.
Hot Stocks | Here's why you should bet on ABB India, GNFC for short term
ABB India has remained resilient amid the market sell off on Wednesday. Besides, the price has been taking support around the 200-DMA (day moving average), suggesting a possibility of recovery over the short term.
How ESG is influencing India Inc's business decisions
While adopting the ESG framework, companies have maximum focus on environmental issues, then social issues and lastly governance aspects. According to the Morningstar Sustainalytics Corporate ESG Survey Report 2022, carbon emissions from operations; emissions, effluents and waste; and carbon emissions from products and services were the top three ESG issues that the companies intended to prioritise in the coming year.