In the Nifty200 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on May 05, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
The fourth quarter earnings season is gaining traction, with several companies, including Bank of Baroda, Paytm, BSE, and HPCL, set to announce their results on Tuesday. Paytm's Q4FY25 earnings are keenly anticipated, with some brokerages projecting a profit, while others foresee a reduced loss.
Ather Energy, a leading Indian EV brand, is set to debut on the NSE and BSE after a modest IPO subscription. Despite strong brand equity and tech credentials, the company faces challenges with profitability, reporting a significant net loss for FY24. Its future stock performance depends on scaling profitably and defending market share in a competitive EV market.
Hollywood is in turmoil following President Trump's announcement of a potential 100% tariff on foreign films, a move criticized by industry insiders as impractical and harmful. The proposal has sparked uncertainty, causing stock prices to fall and raising questions about its enforceability.
A gauge of the dollar rose 0.3% after declining Monday as speculation around potential trade deals sparked an extraordinary spike in Taiwans dollar and resonated across global foreign exchange markets. The MSCI Emerging Markets Currency Index rose 0.6% to a record. US stock futures edged lower after the S&P 500 halted its longest rally in about 20 years. Theres no cash trading in Treasuries during the Asian day as Japan is closed for a holiday.
Social Media Ban: New Zealand's Prime Minister Christopher Luxon proposed a ban on social media for children under 16, aiming to shield them from online dangers. The draft laws would require social media companies to verify user ages or face substantial fines. This initiative mirrors Australia's stringent regulations and seeks to address parental concerns about social media's impact on children.
The company's CFO Vinit Teredesai told ET that while clients were taking more time to roll out projects, there were so far no cancellations. "Going by the current revenue visibility, we continue to retain an aspiration to attend $2 billion in revenue by FY27," he said.
