Trade Spotlight: How should you trade these stocks on Monday?
Sun, Oct 6, 2024 12:35 PM

Trade Spotlight: How should you trade these stocks on Monday?

A Flip by Avya Verma
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The sell-off continued in the equity market for the fifth consecutive session, pulling the benchmark indices down by nearly 1 percent on October 4, with market breadth favouring the bears. About 1,779 shares declined, while 1,055 shares advanced on the NSE. Overall sentiment remains weak, but given the somewhat oversold conditions, a bounce back cannot be ruled out early next week.

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Reliance Group’s fundraising strategy to offer capital for expansion plans

Reliance Group’s fundraising strategy to offer capital for expansion plans

New Delhi, Oct 6 (PTI) Equipped with ₹17,600 crore fundraising and a zero-debt status, Anil Ambani’s Reliance Group companies - Reliance Infrastructure Ltd and Reliance Power Ltd - are poised to execute their growth strategies, according to officials. In the past two weeks, both companies have announced raising ₹4,500 crore through preferential issues of equity shares.

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Foxconn beats estimates with record third-quarter revenue on AI demand

Foxconn beats estimates with record third-quarter revenue on AI demand

Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers. Revenue for Apple’s biggest iPhone assembler jumped 20.2% year on year to T$1.85 trillion ($57.3 billion). ”The result exceeded the company’s original expectations of significant growth/”

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Hindalco, JSW Steel in race for copper mines in Jharkhand

Hindalco, JSW Steel in race for copper mines in Jharkhand

Hindalco Industries and JSW Steel are competing to acquire two copper mines in Jharkhand, with a combined capacity of three million tonne per annum, which are set to be auctioned off this month. Hindustan Copper Ltd is selling the mines as part of its expansion plans to increase domestic copper production and reduce imports.

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