Buy Canara Bank, United Spirits, other stocks, charts show potential rally; Nifty may hit 17450 above 17200

By Shrikant Chouhan The benchmark indices witnessed narrow range activity, after a volatile trading session, the NSE Nifty 50 closed at 17,345 while the BSE Sensex closed at 58,136 levels. Among sectors, PSU Bank index gained the most, rallying over 2.3 percent whereas profit booking was seen in Reality and selective IT stocks. Technically, after […]

Adani FPO subscribed 1 pc on opening day

A follow on share sale of Adani group’s flagship company was on Friday subscribed just one per cent on the opening day as shares plunged after a scathing report by a US short seller.Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the […]

Sebi gets cracking on front-running

The Securities and Exchange Board of India (Sebi) has gone into ‘high alert’ mode with regard to front-running in mutual fund houses and broking firms, which is a serious stock market offence. According to sources, auditors of the market regulator have started visiting fund houses and seeking call record data of fund houses and senior […]

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