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Pharmaceutical company withdraws EU approval for corona vaccine
Stock Market Prediction 6 May 2024, today there are signs of bumper bullish trend in these stocks including fortis healthcare, to earn profit today there are signs of bumper bullish trend in these stocks including fortis healthcare
– 2024-05-08 07:07:03
2024-05-08 07:07:03
New Delhi: Sometimes there is a rise and sometimes a fall in the stock market. There has been a decline in the market in the past few days. On the last trading day of last week i.e. Friday, the market had fallen and closed in the red. According to experts, the market declined due to heavy selling pressure in the shares of Reliance Industries, L&T and HDFC Bank. During this period, BSE Sensex had risen by 484.07 points at the beginning of the day, but after that it fell by 732.96 points or 0.98 percent and closed at 73,878.15 points. The Sensex also touched a high of 75,095.18 points and a low of 73,467.73 points during trading. In this way, a huge fluctuation of 1,627.45 points was seen in it in just one day. National Stock Exchange (NSE) index Nifty also fell by 172.35 points or 0.76 percent to 22,475.85. In early trade, Nifty had risen 146.5 points or 0.64 percent to reach an all-time high of 22,794.70 points, but later became a victim of heavy selling. Let us know which shares can be in trend today.Stock Market: Will the decline continue next week or will there be a rise, know how the market is going to move.
There is a rise in these shares
Momentum indicator Moving Average Convergence Divergence (MACD) has shown bullish trend on Shree Cements, Triveni Turbine, Fortis Healthcare, Cadila Healthcare, Radico Khaitan and Berger Paints. MACD is known for indicating trend reversals in traded securities or indexes. When the MACD crosses the signal line, it gives a bullish signal. This indicates that the share price may see upward movement. Similarly, it also indicates recession.
Signs of recession in these stocks
MACD has indicated bearishness in the shares of 360 One Wam, Alkyl Amines, Vijaya Diagnostic, Sumitomo Chemical, Orient Refractories and Asahi India Glass. This means that now these shares have started falling.
Gold Silver Price: Gold is continuously falling, now it has become so cheap, see how much the prices have fallen.
Buying is visible in these shares
The stocks which are seeing strong buying include Grasim Industries, ONGC, M&M, Shriram Finance, SBI, Tata Steel and NTPC. This stock has crossed its 52 week high level. This indicates bullishness in this stock.
Selling pressure in these stocks
Kotak Bank is among the stocks which are experiencing selling pressure.
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Peeters’ budget for electric car premiums already appears to be insufficient
mobility
This year, 27.7 million euros in premiums have already been requested for electric cars, well more than the originally budgeted 20 million.
The Flemish premiums for electric cars with a purchase price below 40,000 euros are increasing rapidly. Too hard. This is evident from figures that Flemish Member of Parliament Sofie Mertens (CD&V) requested from Flemish Minister of Mobility Lydia Peeters (Open VLD). On April 18, the counter already stood at 27.7 million euros in applications – well more than the budgeted 20 million.
“The figures show that the amount will be far above the anticipated amount if this continues,” says Mertens. “We as a party have always said that these premiums were not a good idea.” The Council of State previously warned that it is impossible for people to no longer receive subsidies once the fund is empty.
Minister Peeters promises to pay out all premiums. “That was decided collectively by the Flemish government. Everyone who applies for their incentives this year will receive them.” The premiums can still be applied for until December 31. “In addition, checks still need to be carried out. It is by no means certain that we will approve all applications and will actually have to pay out 27.7 million euros.”
The Peeters cabinet emphasizes that the planned 20 million euros was a starting point. The pot was previously expanded to 26 million euros through a reform of the kilometer charge for trucks.
No regrets
Although coalition partners CD&V and N-VA are losing her weight, Peeters does not regret the premium. “Never before have so many e-cars been registered. Prices drop. Air quality improves. This is partly thanks to our premium.”
Although Peeters claims that a collegial decision will be made as to where the money for the premiums should be sought, elsewhere it is consistently said that she will have to get the money from a liberal ministerial portfolio. “I fear that the entire premium will be scrapped after the June 9 elections,” Mertens estimates.
The premium system started on February 12 and is intended for private individuals, non-profit organizations and car sharing providers. Anyone who buys a new electric car with a new price of less than 40,000 euros can count on 5,000 euros in Flemish support. For a second-hand car this amounts to 3,000 euros and the initial purchase price may not exceed 60,000.
Originally, the premium could be applied for for three years. That period has already been shortened to one year. At the current pace, 500 applications will be added per month until the end of the year.
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Peeters’ budget for electric car premiums already appears to be insufficient