The Nifty formed a red candle on the daily chart on Thursday, but respected the demand zone of 23,460–23,500, settling near the 200-day simple moving average (250-DSMA) support. If the index holds 23,460, a short-term pullback towards 23,800-23,900 is possible. On the higher side, the index will find resistance near the 23,930 mark, where its … Read more
Indian bench indices Sensex and Nifty ended their five-day losing streak on Monday, December 23, led by banks and FMCG stock. While the 30-stock BSE Sensex finished at 78,540.17, rising by just 498.58 points or 0.64%, the broader Nifty50 finished at 23,753.45, rising by 165.95 points or 0.7%. Commenting on the day’s action analyst Satish … Read more
Following the scrapping of weekly contracts of Nifty Bank, FinNifty, Nifty Midcap Select and Nifty Next50, the National Stock Exchange (NSE) has changed the monthly expiry days of all the 4 F&O contracts to Thursday with effect from January 1. Under the current set-up, Nifty Bank monthly and quarterly contracts expire on the last Wednesday … Read more
Following markets regulator Sebi‘s order to increase the lot size to at least Rs 15 lakh, the National Stock Exchange (NSE) has increased the lot size for all its five index derivative contracts — Nifty, Nifty Bank, Nifty Financial Services, Nifty Midcap Select and Nifty Next50. The measure shall be effective for all new index … Read more
On the daily chart on Thursday, Nifty formed a big red candle, indicating weakness. However, the index is approaching the previous demand zone of 24,690. If Nifty sustains below 24,690 level, further downside could be likely, taking it towards 24,500–24,400 levels. On the upside, immediate resistance is positioned at the psychological level of 25,000, followed … Read more
The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore. Apart from NSE and Limaye, those who settled the case are — Umesh Jain G. … Read more
Suzlon Energy has been issued an advisory cum warning letter from both the National Stock Exchange (NSE) and BSE Ltd, regarding non-compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. These warnings are issued in respect to the company’s handling of disclosures related to the resignation of Independent Director, … Read more
Ashishkumar Chauhan, MD & CEO, NSE, says the stock exchange has submitted its suggestions on F&O discussion paper, and is in line with what Sebi has asked for. He also explains what the two bulls – one outside and one inside NSE mean. The Statue of NSE Bull at the headquarters of the National Stock … Read more
Edelweiss Mutual Fund CEO Radhika Gupta recently said that chasing the number 1 mutual fund scheme for investment is pointless. Explaining her investment strategy, Gupta said consistency matters much more in any market conditions rather than chasing the best funds. Taking to social media platform X, formerly Twitter, Gupta wrote: “It is pointless trying to … Read more
Nifty ended Monday’s session with a gain of 187 points and was only about 68 points away from crossing its previous all-time peak of 25,078. On the daily chart, the index formed a long bull candle with a minor upper shadow. Technically, this pattern indicates an attempt of upside breakout of the previous down gap … Read more