Global cues kept the market under pressure last week. On the weekly timeframe, Nifty closed on a negative note following the formation of a bearish evening star candlestick pattern. On the sectoral front, metals and PSBs led the rally, while IT turned green after continued selling pressure on Friday. Here’s how analysts read the market … Read more
Indian markets pared gains and closed in the red on Thursday. The S&P BSE Sensex fell by more than 300 points while Nifty50 managed to hold on to 17,500 levels. Sectorally, buying was seen in realty, consumer durable, and public sector banks while selling was seen in IT, FMCG, and oil & gas. Stocks that … Read more
Dalal Street legend Rakesh Jhunjhunwala died on Sunday. An established trader, renowned investor and a chartered accountant by profession, he entered the equity markets with just Rs 5,000 in 1985. On the day of his death, Jhunjhunwala’s net worth is estimated at $5.5 billion, roughly Rs 43,800 crore, making him the 36th richest person in … Read more