Profit by knowlytics
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.
Analysts maintain a positive outlook on Nifty, suggesting a buy-on-dips strategy for traders. They see Nifty potentially reaching 24,300 to 24,600 while staying above 23,800. Bank Nifty shows support at 57,400 and resistance around 58,706 to 59,250. Specific stock recommendations include BEML, Blue Star, Steelcast, Sobha, and Grasim Industries. Traders can also consider a Bull…
Markets saw a strong rebound on Friday, driven by global cues and IT earnings. HCL Tech and ICICI Pru AMC will announce their first quarter results today. DMart reported an 11.3% rise in net profit, while Tata Motors launched a new edition. Dr Reddy’s faces supply issues, and IndiGo received a warning letter from DGCA.
Indian equity markets are expected to sustain their gradual upmove. Supportive domestic fundamentals and improving global cues are driving this positive outlook. The market will likely react to reports of Hormuz closure by Iran. Foreign and domestic institutional investors showed net buying activity on Friday. The Indian rupee ended nearly flat but declined from the…
The Calcutta Stock Exchange plans a revival with new technology and government support. It will withdraw its voluntary exit application filed with Sebi last year. The exchange possesses sufficient capital for trading operations and has a net worth over ₹300 crore. This initiative aims to create new job opportunities and restore Kolkata’s financial hub status….
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned oil companies. These companies incurred substantial under-recoveries on fuel sales earlier this year. Current integrated margins are more than double historical averages, boosting annual earnings. Analysts suggest under-recoveries could be…