The market extended previous day’s gains in the morning and rallied over 100 points on the Nifty50, but erased all those gains in afternoon to close flat on November 15. “On daily charts, Nifty has formed a small bearish candle, which indicates temporary weakness. “We are of the view that the 20-day SMA would act […]
Power Grid Corp, Cipla, ITC, ONGC and UPL were among the major Nifty gainers. Among sectors, the Nifty Metal and the PSU Bank indices fell 1.8 percent and 1.4 percent, respectively, while the pharma index added 1.4 percent. On the BSE, the healthcare index added 2 percent and the metal index shed 2 percent. The […]
The BSE Sensex jumped 767 points to 60,686.69, while the Nifty50 rose 229.20 points to 18,102.80. After some relief from the COVID cases, India started moving to regain normalcy. The price action indicates that the stock has a potential to go towards Rs 2,800-3,000 in the coming months. The daily chart of Sheela Foam depicts […]
Unless such depictions are explicit, and cross a line beyond being merely suggestive, one cannot put unreasonable restrictions on their right to advertise as long as they are compliant with applicable laws. The ASCI code demands that “advertisements should contain nothing indecent, vulgar or repulsive which in the light of prevailing standards of decency and […]
According to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, as the dollar index rises and oil prices fall, rupee is likely to move within a range of 74.20 to 74.60 for the day. “With three listings on Wednesday, outflow could be seen particularly that of Paytm… India CPI came a tad higher at […]
It became a direct insurance broker on June 10, 2021, from a web aggregator as web aggregator license had limitations on commissions and offline sales ability. Considering multiple growth drivers and leadership position of Policybazaar in the digital ecosystem, investors should look to invest in the IPO for listing as well for long term gains,” […]
Cryptocurrency prices continue to be mostly in the green on November 15. The finance ministry is racing against time to introduce the planned bill on cryptocurrency in the upcoming Winter Session of Parliament. The winter session is likely to be held from November 29 to around December 13, and one of the sticking points that […]
Bulls continued to have a strong hold at Dalal Street despite corrections in the middle of the last week. The Nifty50 saw bullish candlestick pattern formation on the daily as well as weekly charts, but overall it has been in a broad range since hitting record highs of 18,600 levels on October 19. “For the […]
The market ended the week on a strong note after three straight day of losses as the benchmark indices rose 1.3 percent each on November 12, driven by buying across sectors. The Sensex gained 767 points to close at 60,686.69, while the Nifty jumped 229.20 points to 18,102.80 and formed a bullish candle on the […]
“Blocking the establishment of even a modest fund to help vulnerable communities around the world with the massive loss and damage they are experiencing at the hands of the climate crisis is a serious blow. However, the first-ever mention of coal phase down in an international climate agreement is an important indication of the energy […]
Paytm operator One 97 Communications is expected to finalised its basis of allotment by November 15, as per the draft papers filed with the Sebi. It was subscribed 1.89 times, receiving bids for 9.14 crore equity shares against IPO size of 4.83 crore equity shares during September 8-10, aided largely by qualified institutional buyers whose reserved portion […]
With a market dominance of 43.13 percent, Bitcoin is currently trading at 64,591 dollars, while Ethereum, with a 19.4 percent share of the market, is trading at around 4,600 dollars. In terms of DeFi, the total volume is at 12.10 billion dollars, which comes down to 12.75 percent of the total crypto 24-hour volume. Reportedly, […]
The results for 44 Nifty companies declared so far shows net profit growth of above 19 percent YoY. When margins come under pressure, only businesses that can pass on the increasing costs to customers can retain profitability. There are some concerns on the macro front like the high debt-to-GDP ratio that’s now at 90 percent, […]
“I think it’s reasonable to own it as part of a diversified portfolio,” Cook said at the New York Times DealBook Online Summit, adding that he was not giving any investment advice. Meanwhile, 37 percent of Generation X said they were comfortable with investing in digital currency. …Read the full story
We expect the market to rise in the upcoming sessions after it has seen good healthy correction and a good amount of consolidation as well. The recent times in the market has signalled that the abundant liquidity in the markets may reduce if the interest rates by the central banks, especially US Fed are hiked. […]
The scheme, which is simple to operate, allows retail investors to invest in the safe G- Secs. The tone gradually changed with healthy buying in index heavyweights from the sectors such as IT, realty and energy which supported the market to inch higher till the end. At the same time, traction in primary markets will […]
“I think it’s reasonable to own it as part of a diversified portfolio,” Cook said at the New York Times DealBook Online Summit, adding that he was not giving any investment advice. Meanwhile, 37 percent of Generation X said they were comfortable with investing in digital currency. …Read the full story
The company mobilised Rs 267.01 crore from anchor investors on November 9, at upper end of price band of Rs 190-197 per share. The global data & analytics market is expected to grow at a CAGR of 18 percent from $174 billion in FY20 to $332.6 billion by FY24. …Read the full story
