In the Nifty500 pack, six stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on April 24, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Daljeet Kohli of Roha Asset Managers expresses surprise at the market's sharp rebound following tariff war announcements. Kohli believes the market anticipates a rollback of tariffs and sees India as a potential beneficiary due to its inherent strengths. While acknowledging potential volatility, Kohli advises investors to remain calm and analyze individual company impacts rather than reacting to macro news.
The Justice Department is terminating $811 million in grants, impacting victim service programs and police training. These cuts, managed by the Office of Justice Programs, affect various initiatives, including those supporting domestic violence and trafficking victims.
Harvard University is reportedly in discussions to sell private equity fund interests worth approximately $1 billion, advised by Jefferies Financial Group, with Lexington Partners potentially acquiring the portfolio. This move, unrelated to President Trump's threats of funding cuts, follows a similar sale in 2021 and aligns with investors seeking liquidity amid market volatility.
Reliance Industries will announce its fourth quarter results. Brokerages anticipate a decline in profitability. Despite market volatility, the stock has shown gains this year. Analysts suggest the stock is trading in a range. A breakout could lead to a rally. Support and resistance levels are identified. Trading strategies are recommended for both short-term and long-term investors.
Reliance Industries is expected to announce its Q4 results, with a potential dip in profitability due to a weak O2C business. However, the retail and Jio sectors are anticipated to demonstrate robust growth, significantly contributing to the overall performance. Investors are also awaiting the announcement of a dividend, the first in nearly three quarters.
The fourth quarter earnings season is gaining traction, with key companies like Maruti Suzuki and RIL set to announce their results. RIL anticipates a profit decline despite revenue growth, while Maruti Suzuki expects revenue growth but faces profitability challenges due to rising costs. Analysts have mixed views on Maruti's net profit, with some predicting growth and others forecasting a decline.
A higher information ratio, typically above 0.5, suggests a fund manager is consistently generating returns above the benchmark. A negative information ratio, shows that the fund has failed to beat its benchmark for the risk it has taken, meaning investors would be better off with passive funds.
