Shakti Pumps shares fell sharply on Wednesday as investors booked profits after a sharp 40% rally in just four sessions. The recent surge was driven by multiple order wins in December. On the technical front, the stock’s 14-day Relative Strength Index (RSI) stands at 65.4. An RSI below 30 indicates oversold conditions, while readings above 70 suggest overbought levels.Read More
Indian government bonds rose on Wednesday as market participants anticipated the central bank’s debt purchase and foreign exchange intervention, which boosted hopes for liquidity infusion. The benchmark 10-year yield eased slightly, reflecting increased bond prices. This follows the Reserve Bank of India’s aggressive intervention to support the rupee, which had hit record lows.Read More
Silver surged to a record high above $65 an ounce on Wednesday, driven by weaker U.S. labor data that fueled expectations of interest rate cuts. Gold also climbed, with both precious metals benefiting from a weaker dollar and a shift towards non-yielding assets in a low-rate environment. Investors now await key U.S. inflation data.Read More
Caplin Point is building a strong growth runway with over 40 US approvals, a 60-plus product pipeline and aggressive capacity expansion, says COO Vivek Partheeban. While growth may moderate in the near term, the US business, larger Latin American markets and complex products could drive a sharper pickup from FY28 onwards.Read More
Four stocks with market capitalisation above Rs 1,000 crore appeared in the White Marubozu bullish scan on December 16, signalling strong buying interest. The candlestick pattern reflects firm buyer dominance throughout the session, indicating a possible continuation of the upward trend as momentum and sentiment strengthen.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
