Business News

EconomicTimes.com signed off the financial year 2024 as it had begun, leading from the front - with accuracy in reporting and accountability to readers.The latest Comscore data from March 2024 validate what business news readers have known for decades: EconomicTimes.com is the premier source for business, market, and financial news in India, with significant recognition around the world.According to the Comscore report, EconomicTimes.com tops the list for comprehensive and reliable business news, attracting 55.56 million unique visitors from India and the USA alone. This places it ahead of competitors like Moneycontrol.com and Livemint.com, which garnered 35.77 million and 32.80 million unique visitors respectively.Even on ET's home turf, Comscore data has shown a significant lead. EconomicTimes.com garnered 50.07 million unique visitors in India, with Moneycontrol.com and Livemint.com managing 34.98 million and 31.07 million respectively.Both, on Indian and global readership front, EconomicTimes.com exudes leadership, leaving its competition far behind. This wide reach in audience engagement is a testament to the platform's commitment to delivering high-quality journalism, comprehensive coverage, and up-to-the-minute business news. No wonder, the competition has been left miles behind.EconomicTimes.com's consistent focus on breaking important business stories and providing valuable insights has solidified its status as the preferred news source for corporate India, the startup community, and financial markets.EconomicTimes.com will continue to innovate and expand its coverage to meet the evolving needs of its audience. With this latest achievement, the platform is poised to set new standards in digital business news reporting.

The Indian market rallied nearly 1% on Monday, tracking positive global cues. The S&P BSE Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points.Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw selling pressure.Stocks that were in focus include names like Supreme Industries which rose over 12%, Aegis Logistics which gained nearly 10% to hit a fresh record high and ICICI Bank which closed with gains of nearly 5% on Monday.Also read: Sensex surges 941 points: Here are 5 factors which unleashed the bullsWe have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view.Here’s what Priyanka Limaye (CA , CMT) had to say:Supreme IndustriesThis stock has been in a consolidation zone of 3,820-4,820 since August 2023. On Monday, it gave a breakout from this zone with excellent volumes.The Relative Strength Index (RSI) too is entering into an extreme bullish zone on the daily time frame.If the stock remains around 4,850 levels, it is expected to test 5,800-6,500 levels in the short- to medium-term. The support zone for the stock will be around 4,600-4,400. 109697558Aegis LogisticsThis stock has given an excellent breakout from weekly channel patterns in the first week of April.The stock has been seeing good volumes since the breakout. With now monthly RSI entering into an extreme bullish zone, it is expected to test 800-920 levels in the medium term. It is advisable to keep strict stop at 580 109697538ICICI BankThis stock has given a channel breakout on the daily time frame in Monday's session with decent volumes.On the daily time frame, the RSI is entering into an extreme bullish zone and price is sustaining above the 5-EMA zone. The stock is expected to test 1,290 in the short- to medium-term.The level of 1,080-1,050 shall act as strong support zones for the stock. 109697513(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Nifty on Monday ended 223 points higher to form a long bull candle on the daily chart as it challenged the crucial hurdle of 22,500 levels.The short-term uptrend of Nifty seems to have resumed after one day of weakness. The next upside levels to be watched are around 22,800-22,900. Immediate support is at 22,500, said Nagaraj Shetti of HDFC Securities.What should traders do? Here’s what analysts said:Rupak De, LKP SecuritiesNifty continued to remain in the uptrend as the index closed with solid gains. The index maintained its position above the critical 21EMA, signaling a continuation of the bullish trend. The momentum indicator, RSI (14), shows a bullish crossover. It is projected to move towards 22,800-22,850 in the short term, with support at 22,550.Jatin Gedia, SharekhanNifty opened on a positive note and continued to inch higher throughout the day to close with gains of 223 points. On the daily charts, we can observe that Nifty has been holding on to the 20-day moving average and rising steadily. The pullback in the previous trading session was bought into and Nifty resumed its up move. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mahindra & Mahindra on Monday launched the much-anticipated Mahindra XUV 3XO, a compact SUV and facelifted version of the popular XUV 300, in the Indian market. The new model is priced at Rs 7.49 lakh, as reported by ET Now and has updated design, features, and safety enhancements.Design RevampThe XUV 3XO sports redesigned front and rear fascias, drawing inspiration from Mahindra's BE line-up of SUVs. Chrome-finished triangular embellishments in the grille, updated headlight clusters, and fang-shaped LED DRLs are also part of the upgrade. The rear features connected LED taillights and a reworked tailgate, enhancing its overall appeal.109698032Interior UpgradesInside, the XUV 3XO features a new dashboard layout similar to the XUV 400 EV, along with a large touchscreen infotainment system and a digital instrument cluster. — MahindraXUV3XO (@MahindraXUV3XO) Segment-Leading FeaturesMahindra introduced segment-first features in the XUV 3XO, including a panoramic sunroof, a seven-speaker Harman Kardon sound system, and dual-zone climate control accessible through AdrenoX-connected car tech. Powertrain OptionsThe XUV 3XO has retained its current engine lineup, including a 1.5-liter turbo diesel, a 1.2-liter turbo petrol, and a Turbosport variant. Transmission options will include a 6-speed manual or an AMT automatic.Safety features: The XUV 3XO showcases advanced safety elements, such as a 360-degree camera featuring a Blind View Monitor, Electronic Stability Control (ESC) with hill hold and descent control. It also features six airbags, four disc brakes, three-point seat belts with reminders for all seats, and a passenger airbag on/off option for child safety. Moreover, the vehicle provides ISO-FIX child seats with top-tether, along with various other safety enhancements.