Stock Radar: Short-term traders may look to accumulate Bharat Forge on dips; here’s why
Bharat Forge, a part of the casting and forging industry, has a solid technical setup that suggests short-term traders can look to accumulate the stock on dips. While it is down about 10% from its record high of Rs 919, the stock has formed a strong base above Rs 740 levels and has managed to climb above the 50-Weeks Moving Average at Rs 791. Key Points
Economic TimesTMC & BJP trade barbs over ‘viral videos’ of Ram Navami
The first video purportedly shows a youth sporting a saffron head band atop a DJ vehicle dancing while holding a handgun during what appears to be a Ram Navami procession. The second video shows a youth in a yellow kurta dancing near a DJ vehicle while brandishing a handgun. Key Points
The Indian ExpressMotorola Edge 50 Ultra to launch in India on June 18 and we already have a bunch of details on it
Motorola is launching the Edge 50 Ultra in India on June 18. The phone features top-tier specs like Snapdragon 8s Gen 3 and a versatile camera setup. Key Points
India TodayNifty may bounce back next week onwards; switch to 4 sectors for follow-up trade: Rahul Sharma
Rahul Sharma, Director of JM Financial Services, expects a rebound in the Nifty index, possibly starting next week and continuing into the February series. He advises clients to focus on sectors and stocks that have not corrected, such as PSU banks, metals, IT, and pharma. Sharma believes that the risk-reward becomes favorable for a bounce back at around 21,000 on the Nifty index. He also recommends Tata Power and Nocil as top picks. TRIL and Bajaj Auto are also expected to perform well, while Tech Mahindra presents a buying opportunity. Key Points
Economic TimesHow to Make Money Online With Online Tutoring?
There are many people that could gain from online teaching. Online teaching can be rewarding, regardless of your educational background or whether you are a school teacher searching for summer employment or a former educator looking for a side business. Key Points
Times of India
Sentiments turn positive for the US dollar; pound, euro tank
The rally in the US Dollar is likely to persist given the uneven setup around the US debt ceiling. Spot USDINR gained 37 paise to 82.17 last week. Key Points
FinancialexpressHyundai Motor India to invest Rs 20,000 crore in Tamil Nadu to develop EV ecosystem
Hyundai will setup a 1.78 lakh unit battery assembly plant, install 100 EV charging stations and also increase its IC-vehicle production. Key Points
FinancialexpressWhat to expect from TCS and rest of IT sector this earning season? Moshe Katri explains
IT is expected to have a better earnings setup than feared in the coming quarters, with the Street looking for 8-10% growth. This optimism is based on Accenture's spectacular bookings and record pipelines reported by ISG. However, macroeconomic instability, particularly around the BFSI industry, remains a concern. In terms of TCS, the critical factors to watch out for are pipeline conversion, sales cycles, and pricing. Key Points
Economic Times