Experts Financial News

Gold price on Multi Commodity Exchange (MCX) opened at ₹60,400 per 10 gm levels. But, the MCX gold rate caught buyers' support and surged to its intra-day high of ₹60,595 per 10 gm levels. In the international market, gold price today is oscillating around $1,974 per ounce levels.

Golden Crossover, a significant technical pattern, has recently caught the attention of traders. This pattern can be a powerful tool for investors looking to make informed choices. In this article, we'll break down the Golden Crossover, its importance, and explore five Nifty stocks that have recently experienced this pattern. A Golden Crossover occurs when a short-term moving average crosses above a long-term moving average.

AVADHSUGAR(up 0.95%) stood among the top gainers. Simbhaoli Sugars(down 11.30%), Sakthi Sugars(down 11.06%), Dhampur Sugar Mills(down 9.32%), Dwarikesh Sugar Industries(down 9.25%), Triveni Engineering & Industries(down 8.58%), BAJAJHIND(down 8.56%), K.M.Sugar Mills(down 8.14%), Shree Renuka Sugars(down 8.10%), Mawana Sugars(down 7.99%) and DCM Shriram Industries(down 7.73%) were among the top losers of the day.

smallcap stocks achieved impressive milestones by reaching new 52-week highs on October 23. These notable performances underscore the potential and dynamism of these stocks, providing investors with exciting opportunities within the smallcap segment. The data was sourced from StockEdge at 3:20 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

The NSE Nifty index closed 260.9 points down at 19281.75, while BSE Sensex ended down 825.74 points at 64571.88. On the other hand, LTIMindtree Ltd.(down 3.96 per cent), Adani Enterprises Ltd.(down 3.56 per cent), Hindalco Industries Ltd.(down 3.19 per cent), Adani Ports & Special Economic Zone Ltd.(down 2.80 per cent) and UPL Ltd.(down 2.78 per cent) were among the top losers of the day.

rupee closed 13 paise higher at 83.12 against the US dollar. Analysts said hardening US bond yields amid a higher risk of broader conflict in the Middle East weighed on emerging currencies and riskier assets. The US 10 year Treasury yields hit 5% for the first time since 2007.

Saudi Arabia's Prince Turki al-Faisal recently spoke about the ongoing violence in the Middle East, making references to historical events in India. The Saudi prince condemned both Hamas and Israel for their attacks on civilians, emphasizing the importance of peaceful resistance. During a speech at the Baker Institute in the US, Prince Turki al-Faisal stated, «All military occupied people have a right to resist the occupation, even militantly.

Domestic benchmark index NSE Nifty ended 260.9 points down at 19281.75, while the BSE Sensex closed 825.74 points down at 64571.88. On the other hand, Macpower CNC Machine, Zodiac Energy, CreditAccess Grameen, BSE and Ipca Labs stocks hit their fresh 52-week highs today.

stood among the top gainers. Parag Milk(down 10.03%), Heritage Foods(down 8.21%), ADF Foods(down 7.53%), Mrs Bectors Food Specialities(down 7.17%), Prataap Snacks(down 5.23%), Sheetal Cool Products(down 5.22%), JHS Svendgaard Laboratories(down 4.97%), Tasty Bite Eatables(down 4.97%), Umang Dairies(down 4.48%) and Jyothy Labs(down 4.48%) were among the top losers of the day.

Mahindra Holidays & Resorts India Ltd on Monday reported a consolidated profit after tax of Rs 21.43 crore for the second quarter ended September 2023. The company had reported a consolidated Profit After Tax (PAT) of Rs 41.4 crore in the corresponding period of the previous financial year, according to a regulatory filing.

Cello World Ltd is set to launch its Rs 1,900-crore initial share sale for public subscription on October 30. The maiden public issue will conclude on November 1 and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus. The issue is a complete offer for sale (OFS) by promoters and other selling shareholders with no fresh issue of equity share component.

investment decisions. The Simple Moving Average (SMA), particularly the 50-day SMA, is a vital tool that offers insights into a stock's short to medium-term performance. On Friday, October 20, several major stocks in the Indian market demonstrated substantial movements by surpassing their 50-day SMA, signaling potential changes in their stock trends. Let's explore the performance of these stocks.

investment decisions. The Simple Moving Average (SMA), particularly the 100-day SMA, is a vital tool that provides insights into a stock's medium-term performance. On Friday, October 20, several major stocks in the Indian market showcased significant movements by surpassing their 100-day SMA, indicating potential changes in their stock trends. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Tanla Platforms 100-Day SMA: 1038.62 | Closing Price: 1065.3 2. Muthoot Finance 100-Day SMA: 1253.82 | Closing Price: 1271.6 3. Trident 100-Day SMA: 35.08 | Closing Price: 35.5 4. Procter & Gamble Health 100-Day SMA: 5136.45 | Closing Price: 5163.3 5. Gujarat State Petronet 100-Day SMA: 287.26 | Closing Price: 287.95 6. JK Lakshmi Cement 100-Day SMA: 676.37 | Closing Price: 677.65 (Disclaimer: This is an AI-generated article.

stock market continue to remain under the grip os bears for fourth straight session during Monday deals. Nifty 50 index opened lower at 19,521 and went on to hit intraday low of 19,404 during Monday deals, losing over 400 points in four straight sessions. BSE Sensex today opened at 65,419 levels and went on to hit intraday low of 65,022 levels, losing over 1400 points in last four sessions.

Motilal Oswal Financial Services said that overall equity flow continues to be strong driven by Systematic Investment Plans (SIPs). However, recently there has been a slowdown in gross flows owing to Shraddha Paksha, and an increase in redemptions as consumption demand is improving, it added. The brokerage report states that from October 23, there has been some pressure on gross flows owing to the Shraddha Paksha period.

China to support his family after losing his job during the COVID-19 pandemic. In March, a job offer to teach Chinese cooking at a restaurant led him into a cyber scam compound in Myanmar, where he was instead ordered to lure Chinese into giving up their savings for fake investment schemes via social media platforms. Zhang is one of tens of thousands of people, mostly but not all Chinese, who have become ensnared in cyber scam networks run by powerful Chinese criminal syndicates in Southeast Asia. Regional and Chinese authorities have netted thousands of people in a crackdown, but experts say they are failing to root out the local elites and criminal networks that are bound to keep running the schemes.

Hindenburg Research flagged a 85% downside in Adani shares, Adani Total Gas Ltd. has become the first of the group’s seven listed companies to achieve that valuation. The shares of the conglomerate’s city-gas distributor slid as much as 2.6% to Rs 575.7 on Monday, taking losses from their Jan.

Auditing firms are struggling to attract people into the profession because the role is demanding and the work unpleasant, the head of the corporate regulator says.

The Victorian government’s team in charge of delivering the 2026 Commonwealth Games was so inexperienced it would have struggled to host a 500-person conference, an inquiry has been told.

Australia’s second-largest funerals business, Propel Funeral Partners, has received “multiple” buyout proposals, but its board says none were compelling enough to start talks with any potential suitors.

Backed by strong residential sales and collections from customers, property developers are not utilising credit lines sanctioned by their lenders including banks, housing finance companies and non banking finance companies (NBFCs) for construction finance .