Budget 2020

GameStop shares on track to triple for week as options trading spikes

Shares of GameStop Corp jumped more than 10% on Friday, putting the video game retailer’s stock on pace to triple for the week in a renewed rally that has left analysts puzzled. GameStop shares hovered around $105 in late-morning trading, off 3%, but are up nearly 200% for the week to date despite a broader […]

Budget 2020

What does ‘turnover’ in the stock market indicate?

1. Market turnover indicates how much trading activity took place on a given business day in the market as a whole or individual stock. 2. Turnover can be represented in two ways, traded value in rupees and traded volume in number of trades. 3. Higher turnover in a stock indicates better liquidity which means that […]

Budget 2020

Aptech case: Rakesh Jhunjhunwala files consent plea in insider trading case

Mumbai: Billionaire stock market investor Rakesh Jhunjhunwala has filed a consent application with the Securities and Exchange Board of India (Sebi) to settle an alleged insider trading case in the shares of education company Aptech Ltd dating to 2016, said two people familiar with the development. Apart from Jhunjhunwala, Aptech board members Utpal Sheth, Ramesh […]

Budget 2020

Day trading guide: 3 stock recommendations for Wednesday

Aditya Agarwala, YES Securities Bull celebrations continued on D-street for the second day in a row as benchmark index Nifty added another 366 points to its tally following a massive 680 points rally in the previous trading session. Gains were mainly fueled by the banks and auto stocks that have been on a roll post […]

Budget 2020

What GameStop’s surge says about online mobs

In the world of pseudonymous internet message boards, pranks-gone-wild and logic turned upside down amid a global pandemic, revolts come in all shapes, sizes and aims. Last week they gave us the Great GameStop Stock Uprising. Who knows what this week will bring. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top […]

News Headlines

American Airlines lost $8.9 billion in a year of pandemic

Fort Worth (US): American Airlines lost $2.2 billion in the fourth quarter as people stayed put in the pandemic, sending the carrier’s revenue plunging by nearly two-thirds from the same period a year ago. American predicted that similar revenue trends from late 2020 will carry over into the first three months of 2021. The results […]

Sports

‘IPL player retention deadline is January 21, trading window closes next month’

The IPL’s governing council has decided that the eight franchises will be allowed to submit the names of their retained players by January 21, league’s chairman Brijesh Patel said on Thursday. Patel and members of the IPL GC recently had a virtual meeting earlier this week where the planning and preparations of the next IPL […]

News Headlines

China exports remain strong in October, import growth slows

Beijing: China’s exports posted strong growth again last month, extending an upward trend on the back of a consumption rebound among its major trading partners, official data showed Saturday. Inbound shipments, however, cooled after a surge in September — with analysts expecting that a drop in import prices weighed on headline numbers. Although the coronavirus […]