The National Stock Exchange (NSE) plans to expand its colocation data centre at its headquarter in Mumbai for trading members with an almost three-fold increase in number of racks to over 4,000 within the next three years, sources said on Wednesday. The expansion will be carried out at the NSE’s existing building at Exchange Plaza, … Read more
A small-bodied candle was formed on Nifty daily chart, hinting at a sense of indecision. On the level-specific front, the 26,000 mark withholds the formidable barrier to the ongoing momentum, and a decisive breakthrough could only trigger the next leg of the rally towards 26,200, marking a sustained uptrend. On the lower end, 25,900-25,800 is … Read more
The Nifty formed a bull candle on the daily chart as the market continued its upside journey on Monday and closed the day higher by 148 points. After opening with an upside gap of 80 points, the market continued to surge up amidst range movement for the better part of the session. New all-time high … Read more
Markets regulator Sebi on Thursday tweaked the framework for valuing the investment portfolios of Alternative Investment Funds (AIFs) whereby securities — other than unlisted, non-traded, or thinly-traded securities — will now be valued in line with mutual fund rules. This came after the Securities and Exchange Board of India (Sebi) received feedback from the AIF … Read more
Nazara Technologies, India’s leading diversified gaming and sports media company, announced its largest fundraise of Rs 900 crore to boost its growth trajectory. The company’s board has approved the fundraising through a preferential equity, subject to shareholder and regulatory approvals. This capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company’s ability … Read more
The Nifty formed a Doji candle on the daily chart near its all-time high, which may be signaling short-term hesitation ahead of the US Fed meeting due later this week with the Street expectations that it might start with an outsized rate cut. Nifty formed a small sideways Doji candle resulting in three days of … Read more
The Nifty formed a bearish candle on the daily chart as the Indian markets ended weaker, with the Sensex down 398 points (0.49%) at 81,523.16 and the Nifty slipping 122.65 points (0.49%) to 24,918.45.Recent swing low 24,753 is expected to offer short term support to the Nifty. On the higher side, 25,200 becomes strong resistance … Read more
Prime Minister Narendra Modi on Tuesday asked the automotive industry to bring global best practices to India, while working on green and clean mobility. In a written address to the annual convention of the Society of Indian Automobile Manufacturers (SIAM), Modi said the automotive industry will drive even higher economic growth and in turn, thrive … Read more
Nifty ended Friday’s session with a gain of 84 points and formed a rounding bottom pattern, indicating strength, on the daily chart. Based on this breakout, the index could advance towards 25,500 levels in the short term. If the index sustains above 25,500, Nifty could head towards the 26,000-26,250 levels, which is the target of … Read more
Nifty ended Thursday’s monthly expiry session with a gain of about 100 points after scaling a fresh record high. The intraday bounce from the 25,000 level suggests strong support at this level. With today’s strong close, prices have now surpassed the previous swing high, confirming a “Saucer” formation and signaling the potential for further upside. … Read more
