Stock market crash: Indian markets ended lower on Thursday, November 28, after experiencing some pullback in the previous session. Pressure from the IT sector, along with heavyweight stocks like Reliance Industries and HDFC Bank, dragged the front-line indices lower.
Bajaj Auto stock plummets to 4-month low, slides 29% from recent peak. Can it fall more?
Shares of Bajaj Auto, one of the leading manufacturers of two-wheelers, fell nearly 2% in trade on Thursday, November 28 to hit a 4-month low of ₹9,013 per share. In intra-day trade, the stock briefly gave up the ₹9,000 level to trade at ₹8,992 apiece. The stock has been on a downward trend since it reached an all-time high of ₹12,774 per share in late September, marking a 29.5% correction from that peak.
Bank guarantee waiver to help Vodafone Idea’s debt funding plans, reduce financial burden
Vodafone Idea’s plan to raise ₹35,000 crore may get a shot in the arm from the Union Cabinet’s decision to waive bank guarantees from telecom operators for airwaves bought in auctions till 2022.
Gold is rising again. Is now the time to invest in it for big returns?
The last few weeks have been a roller coaster ride for gold. A breathtaking rally to new highs followed by a bone-crunching decline in double quick time. The volatility could spook an average investor. But as Colonel Hannibal Smith (Liam Neeson) often advocates in the Hollywood blockbuster The A-Team – “no matter how random things may appear, there is always a plan!” Nothing happens in financial markets without a reason, and the reason is always financial. The wild ride in gold is going as per plan. The plan is to shake off weak hands and accumulate gold on declines.
Nifty Big Support Near 23,100
The Nifty was down over 11% from its record highs of 26,277 through yesterday’s lows in what has been a correction that has been greater than the length of every decline the market has experienced since the troughs seen in Jun’22. Today, the market jumped 2.4% – the biggest such move since June 5
th – in a move that could have upside ramifications.
MCX Copper sees Huge Surge as Expected, 811 To 830
Copper Outlook: China’s refined copper output in the first nine months rose 5.4% year-on-year to 10.04 million tons, reflecting stable domestic production. The global refined copper market showed a surplus of 54,000 metric tons in August, down from 73,000 metric tons in July.
Adani Ports share price drops 10.00%, Buy, Hold or Sell? View Targets Price
Adani Ports share price: Adani Ports (NSE: ADANIPORTS) and Special Economic Zone Limited has recently faced significant fluctuations in its share price, prompting interest from investors and market analysts. As of November 21, 2024, the Adani Ports share price is currently at ₹1,160.70, reflecting a sharp decline of 10.00% from the previous trading session.
MCX Gold Trying To Test Prices at 76,500
Spot Gold buyers are not ready to give up yet, as they fear a change in risk sentiment if US AI giant Nvidia Inc.’s earnings report disappoints and creates a wave of risk aversion in financial markets.
Market Outlook: Earnings, Fed Policy & other key Drivers for FY25
The Indian market is currently undergoing a corrective phase, impacted by the rise in the dollar index following Donald Trump’s victory in the 2024 US Presidential elections, along with continuous outflows from foreign investors and the Middle East crisis.