A spokesperson for the Burman family said: “We remain committed to completing the Open Offer in the interest of public shareholders of Religare Enterprises Ld.” In response to the Sebi order, a Religare spokesperson said: “As per Sebi’s advisory the company will apply for the fit and proper status of the acquirers for the open … Read more
Mumbai: Religare Enterprises has moved the Delhi High Court against the Securities and Exchange Board of India (Sebi) for its alleged inaction on the complaints made against the Burman family, the Dabur promoters who have emerged as the largest Religare shareholders and want management control of the financial services firm. Religare has asked the court … Read more
The shares of Life Insurance Corporation of India (LIC) made a smart comeback from recent lows. The stock, which was struggling in the past month, surged 6% to Rs 972 in the first session of FY25, pushing the shares of India’s largest insurer back above the IPO price of Rs 949. The stock’s record-breaking rally … Read more
Nifty on Saturday ended 51 points weaker to form a negative candle engulfing the previous session’s bullish candle. On the weekly charts, a bearish engulfing pattern was seen. The short-term trend of Nifty remains choppy. Having faced weakness after a small rise on Saturday signalled a weak bias for the market ahead. At the higher … Read more
Nifty on Thursday ended 110 points lower to form a high wave type candle pattern on the daily chart and slipped below the rising trendline, suggesting a bearish trend reversal. Having declined sharply, there is a possibility of a pullback rally in the short term, which is expected to be a ‘sell on rise’ opportunity. … Read more
Nifty on Monday ended 203 points higher to end above the 22,000 mark for the first time and formed a hammer candlestick pattern on the daily chart. On the derivative front, the 21,700PE strike added the highest open interest. With this, the supports are now dragged to the higher levels of 21,700-21,600 and sustenance above … Read more
NEW DELHI: Nifty on Tuesday ended 92 points higher on the third day of the rally and formed a small green-bodied candle on the daily charts. “The short-term trend nevertheless remains down. Momentum readings like the 14-day RSI too remain in decline mode after dropping sharply from overbought levels last Wednesday. This calls for caution … Read more
NEW DELHI: Nifty on Friday finished 94 points higher but ended the week 0.5% down to break its seven-week winning streak. Momentum readings like the 14-day RSI too remain in decline mode after declining sharply from overbought levels on Wednesday. Nifty would need to cross the recent highs of 21,593 to reverse the current downtrend. … Read more
Nifty on Tuesday ended about 34 points higher to find support just above the 21-EMA on the hourly chart, prompting a strong recovery in the later part of the session. The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently. … Read more
