Indian market is likely to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed just below 18400 on Monday. Sectorally, buying was seen in realty, FMCG, telecom, and public sector while selling was seen in power, utilities and oil & gas stocks in … Read more
Shares of Gujarat state public sector undertakings (PSUs) zoomed up to 17% in Wednesday’s trade after the state government announced a new policy for minimum levels of dividend distribution and bonus shares for its PSUs including listed companies. Shares of Gujarat Industries Power rallied 17% to Rs 89 on the BSE in today’s intraday trade, … Read more
“Investor pessimism about the US economy with rising inflation and recession fears has led to the slide in the Indian Technologies companies last week,” says Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd.In an interview with ETMarkets.com, Parekh who has over 16 years of experience said: “TCS has been in consolidation for … Read more
Indian market is expected to open lower on Monday tracking muted global cues. The S&P BSE Sensex closed nearly 700 points higher on Friday while Nity50 closed just below 17200 levels. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Chandan , Derivative & Technical Analyst, told ETBureau … Read more
Gujarat Narmada Valley Fertilisers & Chemicals Ltd, part of the S&P BSE 500 index, has fallen more than 30 per cent in a matter of over two months, but the stock could see a bounce back from its five-year support placed around Rs 540 levels, suggest experts. The commodity chemical company has fallen significantly from … Read more