FinCrush | Telegram Webview: FinCrush/59808 -

Telegram Group & Telegram Channel

INDmoney: Track, Invest, Grow

👉 Stock indices ended in green; banks & fertilizer stocks led gainers

👉 Selling hit auto, pharma, and PSU banks; buying boosted metal, capital goods, realty, and oil & gas

NIFTY: 23,567 (⬆️0.22%)
SENSEX: 77,478.93 (⬆️0.18%)

Fertilizers & Chemicals Travancore (⬆️ 20%) Surges, erasing yearly losses, now valued at ₹70,000 crore

Rashtriya Chemicals & Fertilizers (⬆️ 20%) Jumps after ₹257 crore block deal, hints at undervaluation

MapmyIndia (C.E. Info Systems) (⬆️ 20%) Gets a Buy rating from Goldman Sachs, with a target price of ₹2,800

Chambal Fertilisers & Chemicals (⬆️ 19.29%) Ownership by private companies leads to a market cap of ₹187B

Best Agrolife (⬆️ 14.31%) Subsidiary gets license for insecticide manufacturing, boosting stock."

PNB Housing Finance (🔻5.74%) Stake sale by Asia Opportunities Fund and General Atlantic could pressure stock prices

Azad Engineering (🔻2.74%) Sachin Tendulkar's investment grows 14.56 times, showcasing stock's strong performance

Vodafone Idea (🔻2.3%) Struggles continue with net loss and subscriber loss reported

Blue Dart Express (🔻1.98%) Innovates with drone deliveries, boosting efficiency and eco-friendliness

Tata Technologies (🔻1.67%) Faces sell call from Goldman Sachs amid revenue concerns

#INDmoney: Track, Invest, Grow

www.tg-me.com/us/FinCrush/com.FinCrush/59808

47 viewsJun 20 at 11:06

tg-me.com/FinCrush/59808

Create: 2024-06-20
Last Update: 2024-06-24 17:38:45

INDmoney: Track, Invest, Grow

👉 Stock indices ended in green; banks & fertilizer stocks led gainers

👉 Selling hit auto, pharma, and PSU banks; buying boosted metal, capital goods, realty, and oil & gas

NIFTY: 23,567 (⬆️0.22%)
SENSEX: 77,478.93 (⬆️0.18%)

Fertilizers & Chemicals Travancore (⬆️ 20%) Surges, erasing yearly losses, now valued at ₹70,000 crore

Rashtriya Chemicals & Fertilizers (⬆️ 20%) Jumps after ₹257 crore block deal, hints at undervaluation

MapmyIndia (C.E. Info Systems) (⬆️ 20%) Gets a Buy rating from Goldman Sachs, with a target price of ₹2,800

Chambal Fertilisers & Chemicals (⬆️ 19.29%) Ownership by private companies leads to a market cap of ₹187B

Best Agrolife (⬆️ 14.31%) Subsidiary gets license for insecticide manufacturing, boosting stock."

PNB Housing Finance (🔻5.74%) Stake sale by Asia Opportunities Fund and General Atlantic could pressure stock prices

Azad Engineering (🔻2.74%) Sachin Tendulkar's investment grows 14.56 times, showcasing stock's strong performance

Vodafone Idea (🔻2.3%) Struggles continue with net loss and subscriber loss reported

Blue Dart Express (🔻1.98%) Innovates with drone deliveries, boosting efficiency and eco-friendliness

Tata Technologies (🔻1.67%) Faces sell call from Goldman Sachs amid revenue concerns

#INDmoney: Track, Invest, Grow

BY FinCrush

Warning: Undefined variable $i in /var/www/tg-me/post.php on line 283

Share with your friend now:
tg-me.com/FinCrush/59808

Open in Telegram

FinCrush Telegram | DID YOU KNOW?

Date: 2024-06-24| FinCrush

The lead from Wall Street offers little clarity as the major averages opened lower on Friday and then bounced back and forth across the unchanged line, finally finishing mixed and little changed.The Dow added 33.18 points or 0.10 percent to finish at 34,798.00, while the NASDAQ eased 4.54 points or 0.03 percent to close at 15,047.70 and the S&P 500 rose 6.50 points or 0.15 percent to end at 4,455.48. For the week, the Dow rose 0.6 percent, the NASDAQ added 0.1 percent and the S&P gained 0.5 percent.The lackluster performance on Wall Street came on uncertainty about the outlook for the markets following recent volatility.

Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

FinCrush from us

Telegram FinCrush
FROM USA