Adani Enterprises, four other Group shares hit lower circuit; all Adani shares tank up to 30% even after FPO

As the effects of the Hindenburg Report continue to wreak havoc on Adani Group’s listed companies, all seven of Adani group shares fell sharply on Wednesday. A day after the Adani Enterprises FPO (follow-on public offer) received full subscription, Adani Enterprises snapped a two-day winning streak, dropping over 30% intraday. The share price for the […]

Nifty support at 15200, buy on dips, Bank Nifty may head to 34500; Buy SBI, Infosys, ITC to pocket gains

By Dharmesh Shah Equity benchmarks edged last week higher amid volatile global cues. The Nifty ended the week at 15752, up 0.3%. The broader market performed in tandem with the benchmark as Nifty midcap, small cap gained 0.5% and 1%, respectively over the week. Sectorally, FMCG, metal, IT, realty extended pullback while financials relatively underperformed […]

Markets still on a weak wicket

By VK Sharma Nifty fell for the third consecutive week last Friday to close 0.91% lower at 16,945. This is the lowest point of the downswing which started from all time high of 18887, registered on Dec 1, 2022. Also read: Analysts slash crude oil price forecasts amid recession fears; go short at Rs 6000/bbl […]

Share Market outlook today: Nifty, Bank Nifty set to rebound as US inflation eases; check support, resistance

Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty 50 and BSE Sensex may rise today, recovering some of last two days’ losses, following a strong US market overnight and soaring Asian market this morning. Data showed that US CPI and India’s WPI inflation eased in February. The Nifty futures on the Singapore Exchange […]

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