New Delhi: Nifty50 on Tuesday saw selling pressure as soon as it kissed the 16,000 mark. The index eroded entire intraday gains to eventually form a bearish candle on the daily chart, with a long upper wick, reflecting weakness at high. Analysts said the ongoing consolidation for the index may continue, with levels of 15,650-750 … Read more
Substantial dollar sales by state-run institutions helped the rupee recover from its early lows to close the day 15 paisa stronger at 74.43 despite concerns over rapid policy tightening in the US and seven-year-high crude oil prices. The rupee’s appreciation was also supported by likely dollar inflows due to overseas debt fund raising by corporates, … Read more
Aditya Birla Sun Life AMC is likely to be valued at over Rs 24,000 crore in the IPO, according to analyst estimates. Synopsis The share sale in Aditya Birla Sun Life Asset Management Company will unlock value in the financial services company belonging to the Aditya Birla Group, boosting its valuations. MUMBAI: Shares of Aditya … Read more
NEW DELHI: Shares of GAIL rose nearly 2 per cent in Thursday’s trade ahead of the company’s June quarter results scheduled for later in the day. The company is expected to report up to 60 per cent fall in consolidated net profit on 30-35 per cent decline in sales. Updates on the execution of new … Read more