Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 started Wednesday’s session on a positive note tracking three-week highs in other Asian markets following an overnight surge in Wall Street indices.
Rahul Sharma, Co-Founder of Equity99 Advisory, says increased volume along with range contraction in Paytm means the stock is accumulated by big hands.
“If we apply channeling techniques, a broad range of support between Rs 510 and Rs 490 could be an attractive buying level for a counter trend rally towards the moving average at Rs 710-740…
Ashish Gupta of Credit Suisse tells CNBC-TV18 he believes fintech companies will best operate in a partnership model and are changing the paradigm for the way financial services operate.
On one side, we are inviting a lot of money into the infrastructure space under a variety of programs that we have been conducting, including the Gati Shakti Yojana and also in the Budget, the provision of the amount that you are spending on infrastructure…
“Fortunately, sellers in FIIs have now started to like buying, so to a greater extent, I would like to believe that the market is in a stable zone for the time being.
SBI, Titan, Axis Bank, IndusInd Bank and HDFC Bank also among the top gainers.
Paytm parent One97 Communications says in a clarification to BSE that its business fundamentals remain robust.
Both headline indices Sensex and Nifty50 made a smart recovery in the second half of a choppy session on Tuesday, led by gains in IT, financial, oil & gas and auto shares.
Both Sensex and Nifty finished the session 1.2 percent higher.
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