But if one were to believe grapevine from the vaccine industry, SII had allegedly taken an advance from corporates to supply vaccines assuming that the government would simultaneously allow supplies to the private market. Will someone be tapped once again from the world of corporate law firms? Will a general counsel be lured from a […]
Before anyone could realize it, Nifty and Bank Nifty were back to 15,000 and 34,000, respectively. Hence, looking at all this, it is quite clear that the benchmark is trapped in a wider range of 1000 points i.e. Here the banking index holds some significance as long as 32,000 remain intact. On Friday, a lot […]
Indian market closed with gains of about 2 percent for the week ended April 30, but closed flat with a slight negative bias for the month. In West Bengal, Mamata Banerjee’s Trinamool Congress to form the government for a third consecutive term in West Bengal. The BJP-led National Democratic Alliance defeated the Congress to come […]
The Nifty has had good last six trading sessions, climbing back to 15,000, a monthly high, barring April 30. We bounced from the lower base due to a drop in COVID-19 cases in key areas like Mumbai, triggering hope that India’s infections were reaching its peak. But on April 30, selling was seen at the […]
The market snapped a four-day winning streak to close sharply lower on April 30, the first day of the May series, as all sectoral indices, barring pharma, traded in the red. The BSE Sensex plunged 983.58 points, or 1.98 percent, to close at 48,782.36, while the Nifty50 fell 263.80 points, or 1.77 percent, to 14,631.10 […]
Bulls remained in control for most part of the week pushing Sensex and Nifty above 50,000 and 15,000, respectively, except for the sharp selloff on Friday. As many as 86 stocks in the S&P BSE Smallcap index rose over 10 percent. Strong earnings from IT heavyweights kept the momentum going for Indian markets in the week […]
The market closed the volatile session with moderate gains, continuing uptrend for the fourth consecutive session on April 29, the expiry day for April futures and options contracts, after the Federal Reserve kept the rates at zero levels and continued with the bond-buying plan. “The overall chart pattern of Nifty remains strong on the upside and […]
Trends on SGX Nifty indicate a negative start for the broader index in India, with a loss of 81 points or 0.54 percent. On the option front, maximum Put OI is at 14000 followed by 13500 strikes while maximum Call OI is at 15000 followed by 15500 strikes. Reliance Industries, the country’s largest corporate house […]
However, the current trend continues to remain bullish and dips like these can be utilized to trickle in buy positions for a higher target of 15100. With Fed overlooking recent elevated inflation, terming it transitory, the data would reinforce market belief in Fed communication of ‘lower for longer’. As the dollar index is near support, […]
Trends on SGX Nifty indicate a positive start for the broader index in India, with a gain of 115 points or 0.77 percent. The Fed left its benchmark short-term rate near zero, where it’s been since the pandemic erupted nearly a year ago, to help keep loan rates down to encourage borrowing and spending. …Read […]
Going forward, we model EBITDA margin of 54.2% in FY22E and 55.2% in FY23E , maintaining our HOLD rating on the stock. Indian rupee has extended the early gains and trading higher at 74.10 per dollar, amid selling seen in the domestic equity market. Orders of similar capacity are anticipated in coming months from similar customer base […]
The company’s internal review of the IPO and other processes was completed on April 22, 2021, a development that was first reported by Moneycontrol on April 23rd, 2021. …Read the full story
We continue to believe that until the virus spreads are contained, and a substantial proportion of the population has been vaccinated, the sectors that are impacted by social distancing norms and those adversely affected by supply disruptions, labour shortage and demand reduction will continue to trail and may take longer to return to sustained growth […]
According to pivot charts, the key support levels for the Nifty are placed at 14,418.37, followed by 14,351.73. IT services firm Tech Mahindra saw its headcount decline by 4,182 even as it looks at double-digit organic growth this fiscal. Three stocks – Indiabulls Housing Finance, SAIL and Sun TV Network – are under the F&O […]
After a gap-up opening, the benchmark continued its positive momentum led by healthy buying in sectors such as banking , metals and consumer durables. If we are able to do so, the trend will turn bullish and we can scale up higher to achieve 15000. Positive global cues coupled with good numbers from ICICI Bank […]
In addition, the progress of the vaccination drive and a dip in the COVID cases further boosted sentiments. This is though FIIs continue to be net sellers in the domestic market, due to weak Asian markets ahead FED meeting, it was more than compensated by DIIs & Retail investors. The expected levels of the market […]
