Page 8 - Commerce Ventures News Today

Nykaa has seen a strong breakout after several weeks of consolidation. The stock has seen a formation of long bullish candlestick pattern on the daily charts with healthy volumes.

Inclusion or increase in stock weightage in global indices like MSCI and FTSE leads to inflows from passive funds, which track that index. Exclusion from these indices usually leads to outflows. Thus, the announcements are widely tracked

​​The sharper focus on the post-listing financials of startups has tempered the exuberance while forcing companies to shift focus from gross merchandise value to unit economics and profitability.

After an almost 56 percent fall in 2022, FSN E-Commerce Ventures, the parent company of Nykaa, has shown signs of a modest rebound, rising over 18% in 2023 YTD. A look at technical and fundamental outlooks.

Nykaa formed strong bullish candlestick pattern on the daily timeframe with above average volumes. Now, the stock traded above all key moving averages with 20-day EMA acting as an immediate support for the stock.

New-age tech stocks have made a comeback in 2023, with stocks like Zomato, PB Fintech, CarTrade Tech, Paytm, Nykaa, and Delhivery yielding positive returns. Among these, Zomato managed to cross its IPO price and also delivered a multi-bagger return.

Select firms from defence, railways, metals, renewables and PSUs have seen remarkable upswings in their one-year average market valuation. But, the oil & gas and pharma sectors have bucked this trend - Issue Date: Dec 10, 2023

Stocks to watch: Shares of firms like Tata Tech, Gandhar Oil, Airtel, UltraTech, Zomato, ZEE, and others will be in focus on Thursday's trade.

Indias Metro Brands rose as much as 8.5% on Thursday to a record high, a day after the footwear retailer inked a deal with U.S.-based chain Foot Locker, which plans enter the Asian market in...

Data shows that the volume of the sneaker segment in India is projected to reach 66 million pairs by 2028.