18K likely this week, may trigger some profit booking: Analysts

18K likely this week, may trigger some profit booking: Analysts

Technical and derivative analysts expect the Nifty to cross 18,000 this week, continuing its recent momentum that saw the Sensex touch 60,000 last Friday. Analysts expect the index to find support at 17,600-17,700. There is a possibility of profit booking bouts but they don’t see a deep correction. SRIRAM VELAYUDHANVICE PRESIDENT-ALTERNATIVE RESEARCH, IIFL SECURITIES Will … Read more

SAIL discloses Covid-19 impact on financials at Rs 771.76 crore due to fall in net realisations

SAIL discloses Covid-19 impact on financials at Rs 771.76 crore due to fall in net realisations

Mumbai: State-owned steel manufacturer, Steel Authority of India (SAIL) has said that the impact of Covid-19 in the financial results of FY 2020 was Rs 771.76 crore on account of fall in the net realisable value of inventories. “Operating plants at sub-optimal levels, lack of domestic demand for steel in the country, and un-remunerative prices … Read more