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Showing posts with the label market

What are long and short positions in the market?

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 You must have heard about long and short positions in the market. Do you know what exactly these terms mean? And how different are they from each other? In the market, if you own shares of a company and expect it to rise, it is considered a long position. But if you are bearish about their future and sell them even before they are transferred in your name, it is called a short position. Typically, when an investor shorts a stock, he borrows the share in a margin account from a brokerage firm and sells them. Having said that, long and short positions are mostly related to the derivatives or Futures & Options segment, where the trading happens in the present for future delivery of shares. So, your trade in the F&O segment is accordingly termed as long or short. When you as a trader buy a future contract of any index or stock in anticipation of a price rise in the future, you are said to have built a long position. On the other hand, when you as a...

Tega Industries debuts on the bourses at 68% premium over its issue price

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  The stock was listed at Rs 760, a 68 per cent over its issue price of Rs 453 per share on the National Stock Exchange. Tega Industries has made a stellar stock market debut, with its equity shares listed at Rs 760, a 68 per cent premium over its issue price of Rs 453 per share on the National Stock Exchange (NSE). On the BSE, the stock opened at Rs 753, a 66 per cent higher versus its issue price, the exchange data showed. Post listing, the stock hit high of Rs 765 and a low of Rs 721 on the BSE. At 10:01 am; the stock was traded at Rs 751.80, a 66 per cent higher against issue price. A combined 4.1 million shares changed hands at the counter on the NSE. Initial public offering (IPO) of Tega Industries had received a robust response from the all category investors with demand for shares exceeding those on offer by a whopping 219 times. Tega was the sixth most subscribed IPO in India, and it had received the third highest subscription this year after Latent Vi...

Gold rates unchanged today at Rs 47,840 per 10 gram; silver Rs 61,600 a kg

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  The rates of gold remained unchanged on Friday while the price of silver decreased by Rs 300 per kg. The price of 10 gram of gold remained unchanged on Friday, with 24-carat of it trading at Rs 47,840 and 22-carat at Rs 46,840. The price of 1 kg of silver decreased by Rs 300, trading at Rs 61,600 this morning. In Delhi, the price of 24-carat gold stands at Rs 51,390, while in Mumbai it is at Rs 47,840, according to the Goodreturns website. The price of 10 gram of 22-carat gold in Delhi and Mumbai is at Rs 47,100 and Rs 46,840, respectively. In Chennai, 10 gram of 24-carat gold is selling at Rs 49,250 on Friday, while 10 gram of 22-carat gold is selling at Rs 45,140. In Kolkata, 24-carat gold is selling at Rs 49,800, while 22-carat gold's price is at Rs 47,100, as per the Goodreturns website. The price of gold varies across the country due to excise duty, state taxes, and making charges. In Chennai, the price of 1 kg of silver is at Rs 65,500 o...

Is the worst over for Vodafone Idea stock?

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  Last month, Vodafone Idea hiked tariffs to improve its financials. But analysts continue to be wary of the telecom player. What is worrying them? What is the road ahead for the stock? Let's find out India’s third largest telecom player, Vodafone Idea, has been in the news for quite some time now, for all the right reasons. Starting from the government’s relief package in September to tariff hikes in November, the debt-laden telco seems to be getting its act together. Now, according to a Business Standard report, the company has managed to raise funds for interest payment to its bondholders due on December 13. Reacting to the report, shares of the company zoomed 16.5 per cent intra-day to hit a fresh 52-week high of Rs 16.6 per share. This was also the share’s highest level since May 2019. So, do these developments signal at a change of fate for Vodafone Idea? Not really, feel analysts. According to Balaji Subramanian, telecom sector expert at... read more

Two stocks that are flashing bullish signals on tech charts

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  The risk reward ratio for CEAT looks highly lucrative at current levels to go long for a bounce. BUY DABUR | TARGET: Rs 605 | STOP LOSS: Rs 565 A couple of sessions back; the stock of DABUR confirmed a breakdown from the bearish Head and Shoulder pattern at the level of 570. The after it found support exactly at the placement of 200 DEMA and 200 DSMA. From there the stock has reversed and indicates possibility of failure of HnS pattern. Generally in such scenario; stock undergoes a faster rally on the upside. Hence, Traders are advised to buy the stock near 580 with a stop loss of 565 for the upside potential target of 605 in 2 – 3 weeks. BUY CEAT | TARGET: Rs 1,250 | STOP LOSS: Rs 1,110 Since the month of Oct 2021 the stock CEAT has been in a corrective mode and entered oversold zone in smaller time frames. During the process it has found support at the placement of 200 DEMA and 200 DSMA on the weekly time frame which is a very strong support. The risk r...

Star Health lists at 6% discount against issue price of Rs 900 a piece

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  The stock listed at Rs 845, 6 per cent below its issue price of Rs 900 per share on the National Stock Exchange Star Health and Allied Insurance Company (Star Health) made a weak stock market debut with its equity shares getting listed at Rs 845, a 6 per cent discount to its issue price of Rs 900 per share on the National Stock Exchange (NSE). On the BSE, the stock opened at Rs 848.80, the exchange data shows. Ace investor Rakesh Jhunjhunwala is a promoter of Star Health, which is India's first and largest private standalone health insurance company. At 10:01 am, the stock was trading at Rs 875.20, after hitting a high of Rs 899 on the BSE in the intra-day trade. On the downside, it hit a low of Rs 827.50 intra-day. On the NSE, the stock hit a high of Rs 895 and a low of Rs 828. A combined 2.6 million shares had changed hands on the NSE and BSE till the time of writing of this report. Star Health, the largest private-sector health insurance company, got poor...

Asia markets off to a cautious start as Omicron spreads, US CPI looms

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 A mixed US jobs report did little to shake market expectations of a more aggressive tightening by the Federal Reserve Asian share markets got off to a cautious start on Monday as Omicron emerged in more countries and investors faced a week-long wait for key U.S. inflation figures that could settle the course of interest rates. A mixed U.S. jobs report did little to shake market expectations of a more aggressive tightening by the Federal Reserve and the consumer price report due on Friday was likely to make the case for an early tapering. Omicron remained a concern as the variant spread to about one-third of U.S. states, though there were reports from South Africa that cases there had mild symptoms. [ Early trade was sluggish as MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.2%. Japan's Nikkei eased 0.7%, even as the government considered raising its... read more

Employee group cuts UK economic growth forecast, cites supply chain pain

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 Britain's economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems Britain 's economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems and the government must encourage longer-term business investment, an employers group said on Monday. The Confederation of British Industry cut its forecasts for economic growth to 6.9% in 2021 and 5.1% in 2022 from previous estimates of 8.2% and 6.1%. It said the downgrade mostly reflected weaker growth since its last forecasts in June and the supply chain problems that have slowed the recovery from... read more

Modi's farm reform reversal to deter investment in India's agriculture

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  With an eye on a critical election in populous Uttar Pradesh state early next year, Modi agreed to rescind the laws in November India's repeal of agriculture laws aimed at deregulating produce markets will starve its vast farm sector of much-needed private investment and saddle the government with budget-sapping subsidies for years, economists said. Late last year, Prime Minister Narendra Modi 's government introduced three laws meant to open up agriculture markets to companies and attract private investment, triggering India's longest-running protest by farmers who said the reforms would allow corporations to exploit them. With an eye on a critical election in populous Uttar Pradesh state early next year, Modi agreed to rescind the laws in November, hoping to smooth relations with the... read more