GAGA Share Market News

[hfe_template id='11223'] [ad_1] Selling of Indian equities by the Foreign Portfolio Investors (FPIs) continued in the first fortnight of March where they sold shares worth Rs 30,015 crore. The total FII selling in this year so far has been at Rs 1,42,616 crore. In January, FPIs sold shares worth Rs 78,027 crore and followed it up with a sell-off amounting to Rs 34,574 crore in February. Friday was a trading holiday on account of Holi festival. On Thursday, the Foreign Institutional Investors (FIIs) sold Indian equities worth Rs 793 crore while the Domestic Institutional Investors (DIIs) were net buyers at Rs 1,724 crore. Live Events Commenting on the existing FII/FPI trends, expert V K Vijayakumar, who is Chief Investment Strategist at Geojit Financial Services that the intensity of selling is slowly declining as valuations are becoming reasonable though the trend of FII selling in India continued in early March, too. "The FPI outflows from India have been mainly g...

[hfe_template id='11223'] [ad_1] JBM Auto shares are likely to be in focus on Thursday after the company announced a 1:2 stock split, with January 31 set as the record date to determine shareholder eligibility. “Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has fixed Friday, 31st January, 2025 as the “Record date” for determining the eligibility of members for the purpose of sub-division/Split of the equity shares of the Company from Face Value of Rs. 2/- each fully paid-up to Face Value of Re. 1/- each fully paid-up,” the company’s filing to the stock exchanges said. A 1:2 stock split means that for every 1 share an investor holds, it will be split into 2 shares. In JBM Auto’s case, one share of face value of Rs 10 will be split into 2 shares of a face value of Rs 5 each. This effectively doubles the number of shares held by shareholders, while halving the stock's price. ...

[hfe_template id='11223'] [ad_1] Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Oil prices rose. Japan's Nikkei 225 index edged 0.1 per cent lower to 38,997.02, while the Shanghai Composite index lost 0.2 per cent to 3,387.41. Thursday will bring a weekly update on US unemployment benefits. Also early Wednesday, US benchmark crude oil was up 93 cents at USD 70.17 per barrel. Brent crude, the international standard, picked up 6 cents to USD 73.23 per barrel. The USD rose to 157.37 Japanese Yen from 157.11 Yen. The Euro rose to USD 1.0431 from USD 1.0397. On Tuesday, stocks closed higher on Wall Street in a shortened holiday session. Gains in Big Tech stocks helped the S&P 500 to a 1.1 per cent gain, while the Dow Jones Industrial Average rose 0.9 per cent. The Nasdaq composite climbed 1.3 per cent. Advancers outnumbered decliners by more than 3-to-1 on the New York Stock Exchange. Broadcom rose...

[hfe_template id='11223'] [ad_1] Extending the winning run to the third straight day, benchmark Sensex jumped 597 points on Tuesday on buying in blue-chip stocks and firm trends in global markets. Stocks that were in focus include names like Sky Gold, which rose 5% and Mazagon Dock, which gained 3.36% and ITC, whose shares declined 1% on Tuesday. Here's what Viral Chheda, Sr Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. SKY Gold After making low around 1092 in June 2024, price has witnessed a Bull Run to make an all time high of 4245. Price has given almost 289% returned from its lower level as Bulls were having full control over the price. During this period price has made a Higher Top and Higher Bottom Pattern. From highs price has given some correction to test the support of 20 DMA around 3530 and gave some pullback from that level. Price looks good for the long term also an increas...