R Power Share Price: Reliance Power shares tumble nearly 5% ahead of board meeting

R Power Share Price: Reliance Power shares tumble nearly 5% ahead of board meeting

Shares of Anil Ambani’s Reliance Power witnessed some profit booking in today’s session, falling by 4.6% to its day’s low of Rs 44.22 on the BSE ahead of its Board meeting scheduled on October 3. Reliance Power shares broke their 8-day winning streak in today’s session. Reliance Power shares have been in focus after the … Read more

Record run in small, midcaps may continue as inflows continue unabated despite warning signals

Record run in small, midcaps may continue as inflows continue unabated despite warning signals

The record-breaking run in the red-hot mid-cap and small-cap stocks is likely to carry on as continued flows into equities from domestic investors are seen driving the bullish momentum. Analysts said, however, the pace of upside in these stocks especially those that have outperformed in recent weeks could slow after the US Federal Reserve’s rate-setting … Read more

adani ports shares: Big movers on D-Street: What should investors do with NBCC, Adani Ports and Varun Beverages?

adani ports shares: Big movers on D-Street: What should investors do with NBCC, Adani Ports and Varun Beverages?

Logging its longest winning run in nearly a year, benchmark BSE Sensex rose for the 10th straight day to close at a fresh lifetime high on Monday. Stocks that were in focus include names like NBCC, which rose 0.42%, Adani Ports, which jumped 0.85%, and Varun Beverages, whose shares gained nearly 1.86% on Monday. Here’s … Read more

Nifty: Nifty could move towards 25,600: Technical Analysts

Nifty: Nifty could move towards 25,600: Technical Analysts

The technical trend indicates a continuation of the ongoing rally, but the high FII long-to-short ratio suggests a cautious outlook for the week. According to technical analysts, the 24,850-24,900 zone will act as crucial support, and Nifty could steadily move towards 25,600 level. However, if 24,850 is breached, profit booking up to 24,500 cannot be … Read more

Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday

Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday

Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry. The near-term uptrend status of the market remains intact. But the market seems to have started signs of … Read more

Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week

Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week

Nifty ended Friday’s session with a loss of 34 points and broke the four-day winning streak by forming a small-bodied red candle. Technically, the uptrend remains intact but the RSI on the hourly chart is indicating the possibility of a pullback move or a consolidation within an uptrend, say analysts. Having moved up sharply Nifty … Read more

investment strategies: Dalal Street Week Ahead: Guard profits at higher levels, rotate investments in fatigued market

investment strategies: Dalal Street Week Ahead: Guard profits at higher levels, rotate investments in fatigued market

The markets consolidated throughout the past week; the week was a shortened one with Monday, June 17, being a holiday on account of Bakri Eid. The past five sessions saw the markets staying in a capped range throughout the day. Even when the Nifty kept marking incremental highs, the intraday trend remained practically absent. The … Read more

Tech View: Profit booking likely at higher levels. Here’s how to trade on Friday

Tech View: Profit booking likely at higher levels. Here’s how to trade on Friday

Nifty on Thursday formed a Doji candle on daily chart, which indicates indecisiveness prevailing in the marketplace at current juncture. The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 level (mid-part of Tuesday’s long bear candle) recently, Nifty could move towards the next upper hurdle … Read more

Gold ETFs: Gold ETFs see first outflow after March 2023

Gold ETFs: Gold ETFs see first outflow after March 2023

New Delhi: Gold exchange traded fund (ETF) witnessed a net outflow of ₹396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to … Read more