Stocks in news
Nifty closed in the green on May 8 but failed to hold the crucial 9,mark to form a bearish candle on the daily charts as the closing was much lower than the opening level. All credit goes to three back-to-back deals that took place in Jio Platforms, the percent subsidiary of Reliance Industries. Buying was seen in the pharma, FMCG, energy, IT and infra space, while selling was seen in the auto, bank and metal sectors. The stock movement shows strong momentum with price above short, medium and long term moving averages. Promoter Sameer Gupta continued to buy Apollo Pipes shares for the third consecutive session, acquiring a 1,44, shares at Rs
Stock Market News
Nifty closed in the green on May 8 but failed to hold the crucial 9,mark to form a bearish candle on the daily charts as the closing was much lower than the opening level. All credit goes to three back-to-back deals that took place in Jio Platforms, the percent subsidiary of Reliance Industries. Buying was seen in the pharma, FMCG, energy, IT and infra space, while selling was seen in the auto, bank and metal sectors. The stock movement shows strong momentum with price above short, medium and long term moving averages.
Promoter Sameer Gupta continued to buy Apollo Pipes shares for the third consecutive session, acquiring a 1,44, shares at Rs Persistent Systems delivered a steady performance in a tough environment, with better-than-expected performance in both revenue and operating profitability. The share touched its week high Rs The Nifty Pharma index gained half a percent on May 7, taking gains to around 45 percent since March Analysts are of the view that the merger of HUL and GSK Consumer will have substantial revenue and cost synergies in the next three to five years.
Rupee revenue for the quarter rose 2. Net NPAs in the March quarter stood at 5. BSE Midcap and Smallcap indices rose between 0. JM Financial, which has a buy rating with price target at Rs , believes SBI Life is better placed to weather the COVID disruption given significant brand equity, an expansive multi-channel, pan India distribution network, cost leadership and access to parent's huge client base.
Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol. Coronavirus Live: Infected cases near 63, in India. MHA issues guidelines for plants after Vizag tragedy. Economic impact of lifting liquor ban. What Jio brings to the table for marquee investors.
Facebook Twitter Instagram.
Get latest Stocks In News India, Stocks In News, Latest Stocks In The News, Stocks In News Today. MarketWatch provides the latest stock market, financial and business news. Get stock market quotes, personal finance advice, company news and more.
Wall Street was in a positive mood on Friday morning, even in the face of unprecedented bad news on the employment front. The U. Market participants apparently took the news as a sign that the federal government would have to step in with more financial assistance to ailing Americans and to stimulate the U. Just after 11 a.
Home Market Stocks.
All Market News. Press Release. Are temp checks the new normal at airports?
Stock Market News: Elon Musk Keeps Fighting; Ad Fears Sink 2 Top Stocks
Coronavirus in the US. Coronavirus around the world. US stock market. Sign Up. CNN's coronavirus newsletter.
All Market News
Note: If you are running Internet Explorer 10 and above, make sure it is not in compatibility mode. Five reasons the stock market is soaring as the economy is floundering: from buoyant tech stocks to high earnings hopes to fear of missing out. The coronavirus pandemic has delivered a gut punch to the economy, and the mortgage market is particularly exposed. As with all businesses lucky enough to enjoy a bump from the coronavirus pandemic, the natural question is where does the action settle once stay-at-home orders ease. Robert Litterman was a legendary quantitative investor at Goldman Sachs. Now, as an adviser to federal regulators, he is urging action to manage the risk of global warming. Budweiser sales were hurt by the pandemic but the company sees bright spots in the U. In a time of ever-evolving complexity, one source keeps you informed and in control. Get the trusted insights you need, only from The Wall Street Journal.
From there, it depends on the successful development of therapeutics or vaccines to treat the virus, which is why any news on that front is much more important to the market right now than any backward looking economic data that tells us what we already know.
Never miss a great news story! Get instant notifications from Economic Times Allow Not now. The domestic benchmark plunged over 6 per cent last week as the government extended the lockdown for another two weeks in an attempt to arrest the spread of coronavirus.
