Where is share market headed after Nifty closes above 18270, Bank Nifty above 43280; check support, resistance

Benchmark indices NSE Nifty and BSE Sensex ended Monday’s session broadly in green. The NSE Nifty 50 jumped 202.8 points or 1.12% to 18,271.8 and BSE Sensex 709.96 surged 1.16% to 61,764.25. In sectoral indices, Bank Nifty soared 622.8 points or 1.46% to 43,284, Nifty Financial Services climbed 280.1 points or 1.47% to 19,303.95 while […]

Adani Group m-cap slips below $100 billion

Shares of Adani Group companies came under renewed pressure on Monday, with the group’s market capitalisation slipping below $100 billion. On Monday, the group’s m-cap eroded by $3.1 billion (`25,000 crore) taking the total  m-cap erosion to about $132 billion since the release of the Hindenburg Research report. The conglomerate has seen an overall m-cap […]

Bank Nifty weak in short-medium term, Nifty support at 17000; Use PUT Spread strategy for this F&O expiry week

By Rajesh Palviya On the weekly chart, the NSE Nifty 50 index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17500 level it would witness buying which would lead the index towards 17800-18000 levels. However if index breaks […]

‘AI can make the world a more equitable place’ says Bill Gates  

According to Cointelegraph, Bill Gates, investor, co-founder, Microsoft, mentioned that he believes artificial intelligence (AI) can make the world a “more equitable place” in his 2024 predictions blog post. Sources revealed that Gates had mentioned if smart investments are made now, AI can be used to “eliminate” the time between new innovations reaching the “rich […]

Debt mutual funds to lose LTCG benefit: Should you still invest? Should you rush before financial year ends?

A proposed government amendment seeking to remove Long Term Capital Gains Tax benefit from debt mutual funds, gold funds, international fund of funds, etc will prompt debt investors to now weigh their decisions entirely based on gross return and merit, instead of tax arbitrage. The government has reportedly introduced an amendment in the Financial Bill […]

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