Antique Stock Broking initiated coverage on Astra Microwave Products with a buy rating and Rs 2,000 target price, implying around 20% upside from its August 25 market price. The stock rose as much as 3.7% following the report.
Japanese government bond yields edged higher on Tuesday, tracking a rise in US Treasury yields and recovering oil prices. Investors remained cautious ahead of key comments from Bank of Japan Deputy Governor Ryozo Himino and Federal Reserve Chairman Kevin Warsh, with markets seeking clues on the outlook for interest rates and monetary policy.
Gold and silver prices opened lower on the MCX on Tuesday as investors awaited key US inflation data and Federal Reserve Chair Kevin Warsh’s speech at Jackson Hole later this week. Gold had rallied sharply last week on concerns over currency debasement, while silver has declined for two straight sessions. Analysts shared key support and resistance levels for both precious metals across domestic and international markets.
Brent crude futures were up 6 cents, or 0.1%, at $92.16 a barrel, while U.S. West Texas Intermediate crude was up 15 cents at $85.12. Both contracts fell more than 2% on Monday, with U.S. crude touching a one-week low as investors took profits following a rally over the previous two weeks.
On August 24, four Nifty500 stocks that gained 4% were identified using the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below, indicating strengthening price momentum and potential upward movement in the stocks.
The Indian equity markets experienced a downturn today, with the Nifty50 index finishing slightly above 24,200. Traders brace for heightened volatility amidst forthcoming US sanctions and the impending expiry of monthly futures and options. Key companies, such as Hindustan Copper and Tata Consultancy Services, are capturing market attention due to notable corporate news.
Wall Street’s S&P 500 and Nasdaq declined on Monday, dragged down by a sharp sell-off in technology and semiconductor stocks.Investors reacted to fresh U.S. sanctions against Iran, mounting political pushback on AI data centers, and looming market catalysts, including Nvidia’s earnings and upcoming Fed inflation reports.
In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent compared to the previous year, down from 4.5 percent in the last quarter. However, there was a quarterly increase of 1.1 percent in the All-India House Price Index, primarily thanks to notable contributions from cities like Chandigarh and Lucknow. This trend signifies a general slowing of annual price growth by June.
Sebi dropped proceedings against Max Financial and Axis entities. Allegations of disclosure lapses and fraud were not established by the regulator. The case involved transactions between Max Financial, Max Life, and Axis Bank. Sebi found no evidence of a fraudulent scheme to defraud shareholders. Proceedings were based on investigations from FY10 to FY22.
US stocks opened lower on Monday as investors weighed rising US-Iran tensions and awaited Nvidia’s quarterly results. The Dow, S&P 500 and Nasdaq fell at the open, while markets also focused on upcoming inflation data. Investors are assessing geopolitical risks, AI valuations and the outlook for interest rates.
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