Nifty ended sharply lower on Friday amid broad-based selling pressure. Auto, financials and FMCG stocks were the key laggards, while the IT sector witnessed selective buying. The index has declined steeply after remaining below its key short-term moving average for three consecutive sessions. Rupak De, Senior Technical Analyst at LKP Securities, noted that the index…
As the stock indices face some hurdles around the all-time highs, the broader market is abuzz with stock-specific action. In last week’s expiry of the November series, traders carried forward some bullish bets of select stock futures to the December series, while cutting their bearish positions in some. A look at some of the stocks…
European shares tumbled on Friday and were set for their sharpest weekly drop since late March as global worries over overvalued tech stocks and hawkish U.S. monetary policy kept investors cautions. The pan-European STOXX 600 dropped 1% to 558.19 points by 0815 GMT, the lowest since early October. Major regional bourses fell, with Germany’s benchmark…
European shares fell on Tuesday, with those in Germany near a five-month low as a broad risk-off mood gripped global markets, sparked by worries about an overvalued tech sector and diminishing prospects of an imminent interest rate cut from the U.S. Federal Reserve. The pan-European STOXX 600 fell 1.8% to 561.62 points to close at…
Siemens shares will be in focus on Monday after the company announced on Friday that it has secured two orders worth Rs 773 crore from Maharashtra Metro Rail Corporation Ltd (MAHA-METRO) to provide advanced signalling and telecommunication technologies for the Nagpur Metro Rail project. The total project execution period is approximately 42 months, the company…
Jefferies said its top stock picks among engineering and construction companies are Hindustan Aeronautics, Siemens, Larsen & Toubro and KEI Industries. The brokerage said the order flow of companies in these segments rose by 28% in FY25, led by HAL and Siemens. Agencies “Operating leverage was seen for most companies led by defence stocks, which…
October 31, 2024October 31, 2024 Siemens plans to acquire Altair Engineering for $10.6 billion, aiming to boost its position in the rapidly expanding industrial software market. Siemens is offering $113 per share for Altair, about an 18.7% premium over Altair’s closing price on 21st October, a day before reports…