Breakout stocks buy or sell: The Indian stock market closed on a positive note on Wednesday, May 14, supported by broadly favorable global signals indicating a reduction in geopolitical tensions. The Sensex gained 182 points, or 0.22%, ending at 81,330.56, while the Nifty 50 advanced 89 points, or 0.36%, to settle at 24,666.90. The BSE…
Buy: Indian Energy Exchange Ltd (IEX) (current price: ₹197.00) Why it’s recommended: Stock gave a strong closing near ₹195, which is the 50% Fibonacci retracement level from the swing high of ₹240 to low of ₹150 — indicating potential for further upside towards ₹205+. On the lower time frame (15 min), the stock has given…
Canadian dollar falls 0.3% against the greenback Trades in a range of 1.3902 to 1.3984 Price of U.S. oil settles 0.8% lower Canada-U.S. 2-year spread widens to 145 basis points TORONTO, May 14 (Reuters) – The Canadian dollar edged lower against its U.S. counterpart on Wednesday as oil prices fell and interest rate spreads moved…
The Securities and Exchange Board of India (Sebi) on Wednesday froze the promoter shareholding of jewellery firm Varyaa Creations Ltd (VCL) and barred the company from accessing the capital markets after it allegedly found large-scale diversion of initial public offering (IPO) proceeds on the day of listing. The promoters of Varyaa are Pooja Vineet Naheta,…
Chime Financial Inc. filed publicly for an initial public offering, joining a growing number of candidates looking to go public in the brief window before the typical summer lull. The no-fee banking services company disclosed net income of $12.9 million on revenue of $518.7 million for the first three months of 2025. That compares with…
Apollo Tyres on Wednesday said its consolidated profit declined 48 per cent to ₹185 crore in the fourth quarter ended March 31, 2025, hit by “underperformance” in terms of sales. The company had reported a net profit of ₹354 crore in the January-March quarter of FY24. Revenue from operations rose to ₹6,423 crore against ₹6,258…
His trusted partner, Charlie Munger, echoed the views, too, over the years. “It’s hard to run a bank intelligently,” Munger told an interviewer once. “There’s a lot of temptation to do dumb things which will make the earnings next quarter go up, but are bad for the long term.” For a duo as unimpressed by…
Wall Street’s key indices opened higher on Wednesday as Donald Trump’s Gulf tour stoked hopes of more trade deals. At the opening bell, the Dow Jones Industrial Average rose 9.7 points, or 0.02%, to 42150.09. The S&P 500 rose 10.2 points, or 0.17%, to 5896.74, while the Nasdaq Composite rose 64.6 points, or 0.34%, to…
MakeMyTrip Q4 Results: Online travel bookings platform, MakeMyTrip, announced its January to March quarter results for the financial year 2024-25 on Wednesday, May 14, 2025. The company witnessed an 83 per cent fall in its net profit for the fourth quarter to $29.2 million in the 2024-25 fiscal year, compared to $171.9 million in the…
The IPO-bound Tata Capital on Wednesday reported a 31 per cent year-on-year surge in its consolidated profit after tax (PAT) to ₹1,000 crore for three months ended March 2025. The company logged a profit after tax of ₹765 crore in the year-ago period. Total revenues from operations rose nearly 50 per cent to ₹7,478 crore…
