Chart Check: A Range Breakout Seen At Siemens Could Take It To Fresh Record Highs

Heavy electrical equipment maker Siemens saw a breakout from a six-month long consolidation, which suggests that momentum is here to stay. The stock, with a market capitalization of over Rs 91,000 crore, hit a 52-week high of Rs 2,586 on July 5, 2022, resulting in a breakout above the neckline of the Rs 2,521 range. Experts suggest that the stock is trading near overbought territory, hence some consolidation cannot be ruled out, but momentum remains strong and short-term traders can look at the stock with a target of Rs 2,700…

Rupee Today: Rupee hits fresh record low against dollar. Here’s what analysts have to say

New Delhi: Rupee fell to an all-time low of 78.86 on Wednesday U.S. Dollar in the open. Some analysts said that it will touch the 79 mark. The partially convertible rupee was trading at 78.94/95 per dollar. The currency had closed at 78.77 on Tuesday. “As the equity markets decided that the downturn was not good for stocks, after all, the dollar index managed to open almost all of last week’s retracement in just one session. The dollar-yen exchange rate was above 136 this morning, and Jeffrey Haley, Senior Market…

52-week high, 52-week low: HAL, M&M 63 stocks at 52-week high on BSE, 31 stocks at fresh lows

Indian benchmark indices were trading flat on Wednesday as IT and auto stocks witnessed selling pressure. Both BSE Sensex And NSE Nifty 50 was fluctuating between profit and loss in volatile trade. Meanwhile, the broader markets outperformed the two indices with BSE Midcap and Smallcap indices rising up to 0.77%. region wise, Nifty FMCGConsumer durables and realty indices edged up, rising 1 per cent each. Nifty Auto And PSBs were the other notable gainers. While financials and oil and gas indices were flat. A clear trend is unlikely to emerge…