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BJP sweeps Haryana Municipal elections

Business News - March 12, 2025 - 10:11am
Categories: Business News

Stocks to buy: IndusInd Bank, PC Jewellers and Mold-Tek on investors' radar

Business News - March 12, 2025 - 7:44am
Sensex recovered most of its losses to close marginally down in a volatile session on Tuesday even as private lender IndusInd Bank slumped 27 per cent and global markets declined on US recession worries.Stocks that were in focus include names like IndusInd Bank, which fell 27% and PC Jewellers, which gained 0.8% and Mold-Tek, whose shares gained 0.2% on Tuesday.Here's what Viral Chheda, Sr Analyst at SSJ Finance and Securities, recommends investors should do with these stocks when the market resumes trading today.IndusInd BankAfter moving in the range of 926-1100 for the past 4 months, price has witnessed a steep correction to trade a four years low of 667 odd levels. In the current week stock has given a correction of almost 30% from its previous week closing level. Stock looks weak and we can see further dip till 600-550 odd levels.As the stock is facing more selling pressure we would recommend staying away from it and if anyone has bought at a higher rate, would suggest to exit at every bounce in price.The Stochastics Oscillator is moving in the downward trend along with an increase in volume indicating further downside from here. Hence we would recommend to exit and stay away from buying.PC JewellersFrom the 52 week high level of 19.30 made in Dec 2024, stock has witnessed a Bear Run to make the low of 10.30 odd levels. Price has given almost 47% downside move from its higher level of 19.30 odd levels as bears were having upper hand over price. Price is currently moving in the Downward Moving Channel and given some pull back after taking support from the trend line.Price is currently moving above its 20 DMA and 200 DMA which is a good sign for some upside move. It can face some resistance around 15 and once this level is taken out we can see further upside till 18-20 odd levels. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside move with limited downside risk.Hence one can buy at current level and more at dips of 11.50 with stop loss of 10 on weekly closing basis and upside can be seen till 16-19 in the coming 10-12 months.Mold Teck PackagingAfter making double top around 1100 in July 2023 price has given a sharp correction to make the low of 422 odd levels. Price has given almost 62% downside move from its higher level of 1100 odd levels.Price is currently trading at its 3 years lower level and has made a Lower Top Lower Bottom Pattern. At the lower level stock is currently taking support of previous lows of 430 and can witness some pull back from here. Moving below 430 can take the stock to further down till 400-370 odd levels.Moving above the 520-550 range, we can see further upside till 650-750 odd levels. For the Long term stock looks good and can be bought at every dips. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside from here.Hence one can buy at current level and more at dips of 435 with stop loss of 425 on weekly closing basis and upside can be seen till 550-650 in the coming 6-8 months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Categories: Business News

JD Vance to visit India with wife Usha Vance

Business News - March 12, 2025 - 7:07am
US Vice President JD Vance will travel to India later this month, joined by Second Lady Usha Vance. According to a Politico report citing three sources familiar with the plans, "Vice President JD Vance will travel to India later this month alongside Second Lady Usha Vance."This will be Vance’s second foreign visit since assuming office. His first trip took him to France and Germany, where he made his global debut as vice president. While the upcoming trip is another step in his diplomatic engagements, for Usha Vance, it holds personal significance—it will be her first visit to India as Second Lady. Her parents emigrated from India to the United States, making this trip a homecoming of sorts.A Fiery Start on the World StageVance’s first international trip was anything but quiet. At the Munich Security Conference, he delivered a speech that took many by surprise. Instead of focusing on the Russia-Ukraine war, as many expected, he took aim at European governments, criticising their handling of illegal migration, neglect of religious freedoms, and even their approach to elections. His remarks left US allies unsettled, with many hoping for a more conciliatory tone from Washington.India Trip: Strengthening Ties Amid Global ShiftsThe upcoming visit to India signals continued US engagement with one of its most important strategic partners. While details of Vance’s itinerary remain unclear, the trip is expected to highlight cooperation on economic, security, and diplomatic issues.The US and India have deepened ties in recent years, particularly in defence and trade. As global dynamics shift, both nations continue to navigate shared interests, from regional security to technological collaboration. Vance’s visit will be closely watched, not only for its political significance but also for the personal connection that Usha Vance brings to the trip.
Categories: Business News

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