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
Domestic markets closed marginally lower in highly volatile trade on Monday amid allegations against Sebi chief Madhabi Puri Buch and her husband by the US short-seller Hindenburg Research. Stocks that were in focus include names like Voltas, which rose 10.69%, RVNL, which jumped 11.16%, and MapMyIndia, whose shares increased 3.75% on Monday. Here’s what Kushal … Read more
Nifty Bank, which has been underperforming in the last few weeks, looks ready for a smart recovery in the short term. “Going forward, a move above 51,500 might induce a decent rally towards 52,500. On the lower end, support is placed at 51,000,” says Rupak De, Senior Technical Analyst, LKP Securities. Edited excerpts: How would … Read more
Equity indices stayed on the back foot for the fifth straight session on Thursday amid a lacklustre trend in global markets. Stocks that were in focus include names like L&T, which gained 2.21%, Zomato, which rose 2.75%, and Ramco Cement, whose shares jumped 3.23% on Friday. Here’s what Pravesh Gour, Senior Technical Analyst at Swastika … Read more
The Securities and Exchange Board of India (Sebi) has barred former CNBC Awaaz anchor Pradeep Pandya and Alpesh Furiya, a technical analyst earlier associated with the Hindi business news channel, from accessing the securities market for five years and fined them ₹1 crore each. The regulator has also barred six other entities for five years … Read more
Equity indices climbed over 2% to settle at record high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection. Stocks that were in focus include names like HDFC AMC, which rose 2%, Wipro, which gained 5%, and Paytm, whose shares rallied 10% on Friday. Here’s what Pravesh Gour, … Read more
Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting … Read more
Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday’s low of 21,932, a pullback looks possible to chartists. Last month, the index found support around 21,780 levels, and the 100-Days exponential moving average (DEMA) is placed near 21,820. … Read more
