By Rohan Patil Benchmark index continues to trade in a higher high higher low formation and has taken a support near its lower band of the channel pattern on the weekly time frame. On Friday prices witnessed a sharp reversal from its lower band of the flag pattern on the daily interval and closed above […]
The equity indices tumbled on Monday, with the Sensex falling 897.28 points, or 1.52%, to 58,237.85 ― its lowest in five months since closing at 57,919.97 on October 14, 2022. The benchmark has been in a free fall, having lost 2,110 points, or 3.54%, in the last three sessions. The broader Nifty50 slumped 258.60, or […]
By Subash Gangadharan Daily chart indicates Nifty has reversed its recent downtrend as it has crossed the previous swing high of 16816 and has now surged even higher. The 14-day RSI too has made a double bottom and is in a rising mode now. Upside acceleration towards the 17272 levels is likely once the Nifty […]
By Nagaraj Shetti The range-bound action continued in the market on Wednesday and the Nifty 50 closed the day lower by 27 points amidst a range-bound movement. After opening lower on Wednesday, the market slipped into further weakness soon after the opening. It later shifted into a gradual upside recovery for the better part of […]
Stocks eased on Wednesday, while the dollar was under a little pressure, as traders shifted focus from U.S. banking stress to expectations for an imminent peak in the Federal Reserve‘s interest rate cycle. MSCI’s index of Asia shares outside Japan dropped 0.5% to retreat further from Monday’s two-month high, and in morning trade Japan’s Nikkei […]
Indian steel maker Tata Steel Ltd on Monday said it initiated trial for injecting hydrogen gas at its blast furnace in the company’s flagship plant, in a move to reduce metallurgical coke usage and cut carbon emissions. The company commenced the trial injection at the plant in the eastern city of Jamshedpur, using 40% of […]
Existing investors in OYO will not take any exit — partial or full. In its earlier DRHP filed with Sebi, four large shareholders in the firm were going to make a partial exit. At that time, OYO was planning to issue fresh equity shares worth Rs 7,000 crore and raise another Rs 1,430 crore through […]
Reliance shares rose half a per cent to Rs 2,454 on NSE after the Mukesh Ambani-led company reported in-line Q3 numbers. The oil-to-telecom major’s net profit declined 15% on-year to Rs 15,792 crore for the quarter ended 31 December 2022. RIL’s telecom arm Reliance Jio and retail arm Reliance Retail each posted healthy double-digit growth […]
BSE Sensex and NSE Nifty 50 may touch new highs by mid-May this year, says Sanjiv Bhasin, Director, IIFL Securities. Bhasin sees a potential rally of 10 per cent in the 50-share index in the next two months, pegging a target price at 19,000. He also believes that Bank Nifty may rise to 39,500 levels […]
Debt mutual funds (MFs) continued to register withdrawals in January. Data from the Association of Mutual Funds in India (Amfi) showed net outflows of Rs 10,316 crore. However, money market funds were outliers, registering inflows of Rs 6,460 crore. Money market funds are those that invest in highly liquid, near-term instruments, such as cash, cash-equivalent […]
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