By Rajesh Palviya On the weekly chart, NSE Nifty 50 index has formed a long bullish candle forming higher High-low compared to previous to previous week. The chart pattern suggests that if Nifty crosses and sustains above 17200 level it would witness buying which would lead the index towards 17400-17700 levels. However if index breaks […]
Indian benchmark indices are likely to open in green on Wednesday, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading higher at 17797 level. In the previous session, BSE Sensex fell 221 pts to 60,286, while NSE Nifty 50 fell 43 pts to 17,722. “Although, key indices are not doing much, individual pockets […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading in the negative on Wednesday, while the silver rate is up 0.10%. On Multi Commodity Exchange, gold June futures were trading at Rs 60,160 per 10 grams, up Rs 101 or 0.17%. Silver May futures were trading higher by Rs 71 at […]
The food ministry has asked retailers of edible oil to reduce prices, citing the sharp fall in global prices of palm, soyabean and sunflower oils and bumper production of domestic oilseeds, such as mustard, groundnut and soyabean this season.“While most of the brands have reduced prices in the past, still the prevailing maximum retail prices […]
Adani Enterprises’ follow-on public offer was fully subscribed on the last day of subscription, ie, Tuesday, January 31, 2023, with bidding still open. Qualified Institutional Buyers (QIBs) subscribed 0.97 times, Non-Institutional Investors(NIIS) subscribed 3.26 times, Retail Individual Investors (RIIs) subscribed 0.11 times, shares reserved for employees subscribed 0.52 times and in total out of 4,55,06,791 […]
Several companies opt to do a buyback of shares via the open market—stock exchange—route. This route is prone to misuse, with the tender route being a more efficient way of returning surplus funds to the shareholders. Sebi is revisiting the rules on buybacks. Shobhana Subramanian looks at what the experts have recommended. The routes to […]
Electric vehicle maker Wardwizard Innovations & Mobility aims to launch an electric car priced under Rs 10 lakh next year in partnership with a global brand, chairman and managing director Yatin Gupte told FE. The launch of the five-door, five-seater battery electric car will take place in the July-September quarter. A host of EV companies […]
NSE Indices Ltd, an NSE arm, on Friday said it has launched the country’s first ever municipal bond index. The new Nifty India Municipal Bond Index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating, NSE Indices said in a statement. The index was […]
Indian benchmark indices are likely to open on a mildly positive note, hinted SGX Nifty despite weak global cues. On the Singapore Exchange, Nifty futures were in the green at the 17,589 level. In the previous session, Sensex tumbled 1.53% to 59,745 and Nifty extended losses for a third session, closing with sharp cuts at […]
By Nagaraj Shetti Nifty continued to show weakness on Wednesday amidst range movement and closed the day lower by 91 points. A long negative candle was formed on the daily chart, that has overlapped the previous negative candle. Technically, this market action signal continuation of downside momentum and a lack of strength to sustain the […]