Stock Market Live Updates: Technical Call: HDFC Bank – BUY

Stock market live today: Securities in F&O Ban For Trade Date 09-December-2024

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Stock Recommendations: Swiggy vs Zomato: Why the current valuation difference cannot sustain

Running into the Swiggy IPO, a key point of debate was the difference in growth rate with its close peer Zomato. For example, in Q1 FY25, Zomato’s year-on-year (y-o-y) revenue growth rate at 62 per cent was much stronger than Swiggy’s 34 per cent. The difference was also notable when one considers the booming quick commerce segment, where Zomato’s 130 per cent growth was way above Swiggy’s 89 per cent. 

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Stock Recommendations: KEC International: Valuation hampers the spark

With grid connectivity and efficient power transmission as integral to the energy targets set as the power generation, the transmission and distribution (T&D) sector has been in the spotlight for somewhile now. With tenders bid and orders won at a more frequent pace, KEC International, a diversified yet prominent EPC player in this space, has been riding this structural trend. 

The shares of the company have risen around 93 per cent in the last one year and 338 per cent in the last five years, while BSE Power has returned a lower 33 per cent and 311 per cent during the same periods respectively. Read more here

Currency market updates: Technicals: Currency Outlook: Dollar to remain subdued

The dollar index hovered around the crucial support level of 105.50 all through last week. The index declined below this support but did not sustain. The fall after jobs data release on Friday was short-lived. The index touched a low of 105.42 immediately after the data release but then rose back from there to close the week at 106.05.

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Technical call: Index Outlook: Sensex, Nifty 50 gear up for fresh rally

The Indian benchmark indices witnessed a strong rise last week. The Nifty 50, Sensex and the Nifty Bank index were all up over 2 per cent. Nifty Bank index has made a bullish range breakout. Sensex and Nifty on the other hand have risen well after forming a bullish inverted head and shoulder reversal pattern on the chart. 

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Stock market live updates: Stocks that will see action this week

Here is what the charts say about the shares of Cochin Shipyard, Hindustan Aeronautics and Power Finance Corporation. Read more here

WATCH: Technical call: Nifty and Bank Nifty Prediction for the week 09 Dec’24 to 13 Dec’24 by BL GURU

The Indian benchmark indices saw a strong rise last week. The Bank Nifty index has made a bullish range breakout. Nifty 50 on the other hand has risen well after forming a reversal pattern. Watch the full recommendations here.

Technical call: What is the outlook for Mazagon Dock Shipbuilders?

Mazagon Dock Shipbuilders (₹4,878.80): The breakout and close above ₹4,780 last week is a positive. It indicates that corrective fall has ended and the overall uptrend has resumed. For more read

Technical call: What is the outlook for K&R Rail Engineering?

The stock has been in a strong down trend since February this year. The 61.8 per cen Fibonacci retracement support level of ₹341 has been holding well for now. Read more here

Technical call: What is the outlook for RBL Bank?

Moving average cross overs on the chart also strengthens the bearish case. Resistance is ₹187 and then in the ₹200-₹220 region. Read full story here

Technical call: What is the outlook for Sasken Technologies?

Sasken Technologies (₹2,218): The stock is in a strong uptrend. But a crucial resistance is coming up at in the ₹2,350-₹2,400 region which can halt the rally. Read more

Stock market live updates: Fund Flow Activity: 6 December 2024

Provisional Cash Rs. In Crs.

FII/FPI: NET SELL: -1830.31

(12,013.83 – 13844.14) 

DII: NET BUY: +1659.06

(11651.37 – 9992.31)

Stock market live updates: Major U.S. listed stocks result calendar 9.12.2024

MongoDB, Inc (Post Market) (Sector- Technology)

Toll Brothers, Inc. (Post Market) (Sector- Construction)

Caseys General Stores, Inc. (Post Market) (Sector- FMCG)

Oracle Corporation (TENT) (Sector- Technology)

Stock market live updates: Economic Calendar – 09.12.2024

07.00 CHINA CPI y/y (Expected: 2.6% versus Previous: 2.7%)

07.00 CHINA PPI y/y (Expected: -2.9% versus Previous: -2.9%)