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ICICI Securities' Probal Sen views the excise duty hike, not passed to consumers, positively, especially after prior LPG compensation disappointments. The collected excise tax, along with the LPG cylinder price increase, will offset accumulated LPG losses. While the market anticipated a price cut, the government is monitoring crude price trends.
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News and Media
On the positive side there has been a good union budget (tax rates cut), easing actions by the central bank (rate cuts, liquidity boost, regulatory relaxations), and uptick in government spending. The rally in March was a welcome relief. However, I believe that the markets could remain rangebound in the near term.
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News and Media
In the Nifty50 pack, four stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on April 7, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
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News and Media
Bharat Electronics (BEL) shares are in focus following a Rs 2,210 crore order from the Defence Ministry for Electronic Warfare suites for the Indian Air Force's Mi-17V5 helicopters. This order boosts BEL's FY25 intake to Rs 2,803 crore and strengthens defence indigenisation.
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News and Media
Indian stock markets experienced a significant downturn on Monday, with the Sensex plummeting 2,226.79 points due to global market turmoil triggered by US-China trade tensions. Viral Chheda of SSJ Finance and Securities advises investors on Trent, Hindalco, and Siemens, suggesting a cautious approach amid bearish trends and potential buying opportunities at lower levels for long-term gains.
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News and Media
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