Profit Booking
Latest news, explainers and analysis on Profit Booking. Tracking 6 stories on Arth Vani.
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Latest on Profit Booking
BreakingSensex, Nifty Decline as Rising Crude Prices and Profit-Booking Drag Indian Markets
Indian benchmark indices, the Sensex and Nifty, closed lower today due to a combination of rising global crude oil prices and investors cashing in on recent gains. The Sensex fell by 121 points, while the Nifty slipped 80 points, indicating a cautious sentiment in the market.
Moderna Shares Plunge 7% Amid Profit Booking After 392% Year-to-Date Surge
Shares of pharmaceutical giant Moderna fell 7% as traders booked profits after the stock had surged an impressive 392% year-to-date. Other major pharma companies, including BioNTech and Merck, also experienced declines, reflecting broader investor sentiment in the sector.
IPOBreakingHorizon Industrial Parks IPO Lists Today; Estimated ₹61.5 Price, Modest Gains Expected
The Horizon Industrial Parks IPO is set to list today, October 13, 2023, on both the BSE and NSE at 10:00 AM IST. The estimated listing price is ₹61.5, indicating a modest gain for investors who received an allotment. Analysts suggest short-term investors may consider booking profits.
BreakingIndian Markets See Profit Booking, Nifty Dips as Investors Eye RBI Policy & US Data
Indian markets witnessed profit booking after recent gains, leading to a slight decline in the Nifty. Investors are now closely watching upcoming US jobs data and the Reserve Bank of India's monetary policy decision, expected tomorrow, for future market direction. The India VIX, a volatility gauge, rose to 12.19, while the rupee strengthened against the US dollar.
Sterlite Tech Hits Lower Circuit: Profit-Booking Triggers 5% Slide After Massive Rally
Sterlite Technologies shares dropped 5% to hit the lower circuit as global weakness in AI and tech stocks prompted investors to lock in profits. The decline follows a massive one-month rally of 56%, signaling a period of volatility for retail investors.
HFCL Shares Drop 10% as Investors Book Profits Following Massive 165% Rally
Shares of HFCL have entered a correction phase, falling 10% over two trading sessions after a stellar run-up in 2026. While the company's business fundamentals remain strong, high valuations and overbought conditions have triggered a wave of profit-taking among investors.