Latest news with #AngelOneLtd
Hans India
2 days ago
- Business
- Hans India
Crude oil prices may rebound as supply stabilises, geopolitical tensions ease
New Delhi: Crude oil prices may see a recovery in the near term as positive signals emerge from the supply side and geopolitical tensions show signs of easing, experts said on Saturday. While demand concerns continue to weigh on global sentiment, market experts believe crude prices could bounce back if key technical levels are sustained. West Texas Intermediate (WTI) crude prices remained subdued on Friday, trading near the mid $65 range amid thin holiday trading and weak global demand. However, analysts are pointing to a potential turnaround, especially with key events like the OPEC+ meeting and the US tariff deadline on the horizon. Tejas Shigrekar, Chief Technical Research Analyst -- Commodities and Currencies at Angel One Ltd, said the crude oil outlook remains mixed, but there are reasons for cautious optimism. He noted that while demand has been hit due to slowdowns in global manufacturing --particularly in China and the Eurozone -- OPEC+ production cuts are still keeping global supply tight. 'These cuts, mainly led by Saudi Arabia and Russia, have helped prevent a deeper fall in prices,' he explained. 'Even with softer demand projections from OECD countries, the coordinated output curbs are providing a floor to prices,' Shigrekar said. 'And unless there's a major supply shock, crude futures are likely to remain in a broad range, supported by strategic buying,' he stated. Geopolitical risks, which had earlier pushed prices higher, have somewhat eased after the ceasefire between Iran and Israel. Iran's renewed commitment to the Nuclear Non-Proliferation Treaty has also helped calm the market. While tensions in the South China Sea and the Middle East persist, there has been no major disruption to global supply chains so far. Traders are now focused on the July 5 OPEC+ meeting, where a third consecutive production hike of 411,000 barrels per day is expected to be approved for August. From a technical point of view, Shigrekar believes a price rebound is possible if WTI crude holds above the $62.70 support level. A break above Rs 5,780 could push domestic crude prices to Rs 6,000-Rs 6,200. But if support slips below Rs 5,550, we may see a drop toward Rs 5,330 or even Rs 5,000,' analysts mentioned.
Business Standard
3 days ago
- Business
- Business Standard
Nuvama Wealth Management Ltd leads losers in 'A' group
Trent Ltd, Sammaan Capital Ltd, Angel One Ltd and Authum Investment & Infrastructure Ltd are among the other losers in the BSE's 'A' group today, 04 July 2025. Trent Ltd, Sammaan Capital Ltd, Angel One Ltd and Authum Investment & Infrastructure Ltd are among the other losers in the BSE's 'A' group today, 04 July 2025. Nuvama Wealth Management Ltd crashed 11.12% to Rs 7274.75 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 57192 shares were traded on the counter so far as against the average daily volumes of 7896 shares in the past one month. Trent Ltd lost 11.07% to Rs 5501.6. The stock was the second biggest loser in 'A' the BSE, 3.32 lakh shares were traded on the counter so far as against the average daily volumes of 41994 shares in the past one month. Sammaan Capital Ltd tumbled 8.86% to Rs 123.5. The stock was the third biggest loser in 'A' the BSE, 23.26 lakh shares were traded on the counter so far as against the average daily volumes of 5.76 lakh shares in the past one month. Angel One Ltd slipped 6.40% to Rs 2761.55. The stock was the fourth biggest loser in 'A' the BSE, 1.07 lakh shares were traded on the counter so far as against the average daily volumes of 57942 shares in the past one month. Authum Investment & Infrastructure Ltd dropped 4.76% to Rs 2554.3. The stock was the fifth biggest loser in 'A' the BSE, 4927 shares were traded on the counter so far as against the average daily volumes of 12390 shares in the past one month.
Mint
24-06-2025
- Business
- Mint
Shares to buy or sell: Sachin Gupta of 5paisa recommends Angel One, Trent shares today
Stock market today: Indian stock markets experienced a significant surge during Tuesday's opening session after US President Donald Trump declared a ceasefire between Israel and Iran, easing some anxieties for global investors amidst recent geopolitical instability. The benchmark Nifty 50 index commenced the day at 25,179.90, climbing by 208 points or 0.83%. Similarly, the Sensex opened robustly at 82,534.61, reflecting an increase of 637.82 points or 0.78%. Analysts noted that as tensions between Israel and Iran begin to ease, investors are redirecting their attention to forthcoming global events that might impact the markets. A crucial date for investors is July 9, which pertains to US tariff decisions. Should tariff issues be postponed or settled, the markets could sustain their upward trajectory. On the technical front, Sachin Gupta of 5paisa, believes Nifty 50 to hold above the key support level of 24,800, while facing crucial resistance near the 25,100 mark. Gupta recommends two stocks to buy. Here's what he says about the overall market. After a strong breakout from a choppy trading range on Friday, the Indian markets started the new week on avolatile note, ending witha loss of over half a percent. The weak opening was primarily driven by rising geopolitical tensions in the Middle East, particularly due to the involvement of the US in the conflict. However, a decline in crude oil prices helped the market recover part of its early losses, though it still closed in negative territory. For the day, the Nifty 50 managed to hold above the key support level of 24,800, while facing crucial resistance near the 25,100 mark. As long as the index trades below this resistance, the prevailing choppiness is likely to continue. A decisive breakout above 25,100 could pave the way for an upward move towards 25,300–25,350 levels. On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Angel One Ltd, and Trent Ltd. Angel One share price is showing signs of a potential bullish reversal. The price recently rebounded from its 50-day EMA, indicating strength in the ongoing trend. Importantly, this rebound was supported by a noticeable rise in trading volumes, suggesting active participation from buyers. Additionally, the stock has taken support near the 38.2% Fibonacci retracement level, a critical zone often watched by traders for potential reversals. Hence, traders are advised to look for buying opportunities around ₹ 2,900, with an upside potential towards ₹ 3,050 and ₹ 3,200. A stop loss can be placed at ₹ 2,870 to manage downside risk effectively. Trent share price has exhibited a strong bullish structure, recently moving above its 200-day EMA—a key long-term trend indicator. Additionally, the price has broken out above the upper Bollinger Band, signaling increased volatility and bullish momentum. A rounding bottom formation on the daily chart further reinforces the positive trend, indicating a gradual shift from a downtrend to an uptrend. This breakout is supported by a notable surge in volume, confirming buying interest and enhancing the validity of the move. The overall technical setup suggests a continuation of the upward momentum. Traders may consider entering long positions on dips, with potential upside targets of ₹ 6,350 and ₹ 6,500. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
22-04-2025
- Business
- Mint
Stock market today: Angel One, Tata Elxsi among 5 stocks in F&O ban list on April 22
F&O ban list: The National Stock Exchange (NSE) banned trading in five stocks on Tuesday, April 22, in the futures and options (F&O) segment, as these exceeded 95 per cent of the market-wide position limit (MWPL). However, the stocks will be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day. Angel One Ltd, Hindustan Copper Ltd, IREDA, Manappuram Finance Ltd, and Tata Elxsi Ltd are the five stocks on the NSE's F&O ban list on April 22. The National Stock Exchange said the derivative contracts in this stock crossed 95 per cent of the market-wide position limit and have been placed in the stock exchange's ban period. 'All clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action,' the NSE statement said. No new positions are allowed when the stock exchanges place F&O contracts in a particular stock in the ban period. On April 21, benchmark Sensex jumped 855 points to close above the 79,000 mark on heavy buying in banking and IT shares following strong quarterly results and foreign fund inflows. The 30-share BSE Sensex jumped 855.30 points or 1.09 per cent to settle at 79,408.50 with 23 of its components ending in green. During the day, it surged 1,081.85 points or 1.37 per cent to 79,635.05. The NSE Nifty climbed 273.90 points or 1.15 per cent to close at 24,125.55, as 39 of its constituents advanced and 11 declined. In the five-day rally, Sensex jumped by 5,561.35 points or over 7 per cent and Nifty surged by 1,726.40 points, recouping all the losses triggered by the imposition of reciprocal tariffs by US President Donald Trump on April 2. Among Sensex scrips, Tech Mahindra, IndusInd Bank, Power Grid, Bajaj Finserv, Mahindra & Mahindra, HCL Tech, State Bank of India, Kotak Mahindra Bank, Infosys, HDFC Bank and Reliance Industries were the biggest gainers. First Published: 22 Apr 2025, 06:01 AM IST
