Profit by knowlytics
On July 10, five Nifty500 stocks that gained more than 5% appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The bullish candlestick pattern reflects strong buying momentum throughout the trading session, signalling sustained positive sentiment and the potential for a continuation of the upward price trend.
Nine workers died after a waste mound collapsed at Antony Waste Handling Cell’s plant. The incident occurred following exceptionally heavy rainfall which destabilized the waste mound. The company will cover all medical and funeral expenses for affected families. Financial assistance of twenty-five lakh rupees will be provided to each bereaved family. Operations at the waste-to-energy…
Gold prices declined over one percent in early Asian trade Monday. Oil prices jumped sharply, increasing inflation concerns and interest rate expectations. U.S. and Iranian forces exchanged missile and drone assaults in the Gulf region. Federal Reserve chair testimony and economic data will offer policy clues. Gold speculators reduced net long positions while China increased…
SK Hynix shares declined significantly in Seoul trading on Monday. This followed a strong debut for its American Depositary Receipts on Nasdaq. Investors booked profits after the successful U.S. listing concluded. Concerns about second-quarter earnings also impacted market sentiment. Shipment increases for HBM4 chips did not appear to materialize at scale.
South Korea’s Kospi stock index experienced a significant drop Monday morning. Tech firms faced heavy selling pressure due to AI investment boom worries. The Kospi index plunged over five percent in early trading sessions. Chip giant SK Hynix saw its shares dive more than ten percent. This occurred even after its US shares soared on…
Investor enthusiasm stems from the fact that SK Hynix has morphed into a golden goose. It’s the world’s second-largest supplier of dynamic random-access memory chips, or DRAM, and the biggest when it comes to the high-bandwidth ones that are paired with Nvidia Corp.’s graphics processing units.
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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South Korean chip stocks faced pressure,…
More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.