Metals, housing finance, PSU banks may show bullishness in coming weeks
Monday, November 25, 2019, 8:13 PM
The Nifty started the week on a flat note. It remained consolidated for the most part of the week and closed on a subdued note. On the weekly chart, the index formed a Doji candle for the third consecutive week, indicating indecisiveness among market participants. The index has formed a double top on the weekly chart.
Investor wealth plummets Rs 2.21 lakh cr as stocks tumble
Tuesday, August 13, 2019, 8:21 PM
Investor wealth dropped by over Rs 2.21 lakh crore on August 13 after the BSE benchmark tumbled 624 points amid sell-off in global equities and domestic front-line companies. The BSE 30-share key barometer tanked 623.75 points or 1.66 per cent to close at 36,958.16. At close of trade, the market capitalisation of BSE-listed companies tumbled Rs 2,21,837.81 crore to Rs 1,39,46,997.40 crore.
Metal stocks in India battered by weak earnings, demand woes
Monday, July 29, 2019, 8:15 PM
Metal companies in India headed for the lowest close in more than two years after major producers reported weak quarterly earnings amid growing worries about a slowdown in demand in Asia's third-biggest economy. The slowdown in consumption and in the automobile sector amid issues such as elevated debt "are keeping a temporary lid" on metal stocks.