By Rohan Patil Bears continued to tighten its grip for the second straight week with a clear intense of selling at every higher tick in all the sectoral indices except nifty pharma. Benchmark on the weekly chart closed below four percent and also witnessed a closing below its 11 week low, indicating a strong profit […]
Three companies — FirstMeridian Business Services Ltd, IRM Energy Ltd and Lohia Corp — have received capital markets regulator Sebi‘s go-ahead to raise funds through initial public offerings (IPOs). These firms, which filed their preliminary IPO papers with the markets regulator between September 2022 and January 2023, obtained the observation letters during February 21-24, an […]
As top commodity exchange MCX races against time to move its trading technology from erstwhile promoter 63 Moons, regulator Sebi is keeping a close vigil on mock trading sessions and the transition process. In the meantime, the matter has reached Madras High Court with an investors group seeking a detailed probe by Sebi (Securities and […]
Foreign institutional investors (FII) bought shares worth a net Rs 1322.39 crore while domestic institutional investors (DII) purchased shares worth a net Rs 521.69 crore on Monday, February 13, 2023, according to the data available on NSE. For the month till February 13, FIIs sold shares worth a net Rs 4,091.82 crore while DIIs bought […]
By Rohan Patil Last week Nifty saw a very narrow range where prices traded within the limited range band of 17000 – 17300 and formed a small consolidation hub near the range. Not much progress has been seen compared to its previous week’s close and we ended marginally lower with closing below 17200 levels. We […]
By Gaurav Mathur ‘Investing isn’t risky; not being in control is risky’ ~ Robert Kiyosaki. This is the investment DNA of the young millennial and Gen-Z generation. Over the years, the perception of investments has moved from being a ‘to-do tax-saving activity’ to ‘a step towards building a secured future’. According to a survey, 84% […]
By Ruchit Jain The May series was divided into two parts wherein Nifty corrected sharply to almost retest the March lows of 15700, while the index then consolidated within a broad range in the latter part of the series. With modest recovery from the lows at the end, Nifty ended a tad below 16200 with […]
As the Adani rout continues to affect the market, eroding billions of dollars in wealth, the NSE (National Stock Exchange) put seven Adani Group stocks under the Additional Surveillance Mechanism. Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas and Ambuja Cements are placed under the short-term ASM framework, while […]
Indian benchmark indices are likely to open in green, hinted SGX Nifty on Monday. Nifty futures were trading marginally higher at 17886 on the Singapore Exchange. In the previous session, BSE Sensex plunged 981 points, to 59,845, and NSE Nifty 50 tanked 321 points to 17,807. “Going forward, there remain multiple global macro factors at […]
By Shrikant Chouhan The benchmark indices bounced back sharply, the Nifty 50 ended 214 points higher while the BSE Sensex was up by 750 points. After an early morning selling pressure one more time the Nifty/ Sensex held the level of 17000/56900 and recovered sharply. From the day’s lowest level, the Nifty/ Sensex rallied over […]