Termed as the project of national importance, India’s longest train tunnel Pir Panjal (or T-80) is the only broad gauge mountain railway in the country that stretches through the Pir Panjal mountain range between Quazigund and Baramulla in Jammu and Kashmir. The 11.2km long tunnel is a part of the 272km Udhampur – Srinagar – […]
By Ruchit Jain Nifty started the June series with some short positions rolled over from the May series; however, the quantum of shorts was low as compared to those seen at the start of the May series. During this week, Nifty witnessed long formation on Monday and then we saw some consolidation ahead of the […]
By Rohan Patil Last week was a super bullish week for the Indian bourses where the Nifty 50 index rallied more than 500 points gaining close to 5 % to close above 16650 levels. After 14 weeks the benchmark index has closed above its 21 & 50–week exponential moving average on the weekly chart and […]
SGX Nifty hinted that the domestic equity indices could see a start in the green. On the Singapore Exchange, Nifty futures were trading higher, up 103 points, at the 17,130 level. On Thursday, markets snapped a 5 day losing streak, as Nifty closed 0.08% higher. However, it was still under the 17,000 level. Sensex closed […]
Benchmark indices BSE Sensex and NSE Nifty traded snapped their two-day gaining streak on Monday. Sensex fell around 750 points to 57,231 while Nifty 50 sank below 16,900 after erasing the previous session’s gains amid a volatile market. The broader markets traded in the red, the worst loser was Nifty Midcap 50, down 1.74%. Sectorally, […]
Infosys share price hit a lower circuit on Monday, tanking 10% to Rs 1,250.30 on NSE after the IT giant’s Q4 results missed market estimates. Infosys reported its fourth quarter revenue of Rs 37,441 crore, down 2.3% from Rs 38,318 crore in the previous quarter, with a net profit of Rs 6,128 crore. According to […]
With global oil prices falling, the government on Thursday cut windfall tax on locally produced crude oil and diesel exports. In a notification, the finance ministry said the windfall tax on locally produced crude oil has been cut to Rs 1,700 per tonne from Rs 4,900 per tonne. The special additional excise duty on petrol […]
Adani Group shares continued to see sell-off on Friday as stocks hit lower circuits on BSE. Adani Enterprises shares tanked 10% to hit the lower circuit in the morning trade. The stock hit an intraday low of Rs 1408 on BSE. The sharp fall in the share price for three consecutive sessions comes after the […]
Benchmark indices NSE Nifty and BSE Sensex ended the last trading session of the week deeply in the red, dragged by HDFC twins. The NSE Nifty 50 crashed 186.8 points or 1.02% to 18,069.00 and BSE Sensex tanked 694.96 or 1.13% to 61,054.29. In sectoral indices, Bank Nifty plunged 1,024.25 points or 2.34% to 42,661.2 […]
RBI MPC Meeting 2023 Highlights: Reserve Bank of India Governor Shaktikanta Das-headed Monetary Policy Committee has decided not to raise the repo rate, keeping it at 6.5%. The RBI MPC, with a 5:1 majority, maintained the withdrawal of accommodation stance. The RBI also stated the real GDP growth projection for FY24 is at 6.5%. However, […]
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