Bulls attempted a comeback in the dying minutes of trade on Friday as Sensex and Nifty trimmed losses and even turned positive. However, bears overpowered them and forced the headline indices to close in red. Sensex shed 111 points or 0.21% on Friday to settle at 52,907 while NSE Nifty 50 index slipped 28.20 points … Read more
The US FDA has issued Form 483 with six observations after an inspection at Glenmark Pharmaceuticals Limited’s formulation manufacturing facility based out of Baddi, India between June 13-22, 2022. The company is committed to undertaking all necessary steps required to address their observations at the earliest, it said in a notice to the stock exchanges. … Read more
US equities are painting a gloomy picture with S&P 500 entering the bear market territory. The inflation numbers announced last week ruffled the stock market and led to a meltdown with leading indices last week ending lower by around 5 per cent. On June 17, 2022, S&P 500 closed at 3,674.84 up by 8.07 points … Read more
I am a firm believer in buying quality businesses when they go on sale. While emotions run high during bear markets and stock market corrections, that’s often the best time for long-term investors to start shopping. If you’re an experienced trader or market speculator, then it may be best to trade with the trend. At … Read more
Tesla (TSLA) – Get Tesla Inc. Report is planning to split its stock 3-for-1 according to a regulatory filing late on June 10, but something has to happen first. The electrical vehicle maker made the move for a couple of reasons, according to the proxy filing with the Securities and Exchange Commission. First, “we believe … Read more
With the broad equity market under pressure in recent months, telecommunications stocks might offer a safe haven. “Telecom stocks looked boring when markets were willing to pay anything for growth stocks versus value,” Bank of America analysts wrote in a commentary. “As growth stories run out of steam and valuations get revised lower, we believe … Read more