Nifty ended 66 points lower above the 24,400 level to form a High Wave type candle pattern with analysts saying that a sustainable move above 24,580 could only confirm a near-term bottom reversal pattern. The immediate support of 10 Day EMA has been broken on the downside and Nifty is currently placed near another support … Read more
As SME IPOs become a more mainstream asset class for investors, regulators are looking to formalize the market through multiple checks and balances. In one such move, the leading exchange NSE capped the listing price of SME issues at 90%, regardless of the grey market trends. Nephro Care, which had a pre-listing grey market premium … Read more
Nifty ended flat on Tuesday but formed a Doji candle on the daily chart and hinted at the possibility of a minor downward correction in the short term. The index is currently placed at the hurdle of 23,400-23,500 levels (1.382% Fibonacci projection), weekly hanging man and the opening downside gap of June 4, which are … Read more
Nifty on Monday ended 31 points lower to form a small red candle with minor upper and lower shadow on the daily chart. The near-term trend of the index remains positive. However, having placed at the crucial hurdle around 23,300 levels, the chances of downward correction could be high in the short term. Immediate support … Read more
NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more
“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more
Equity markets will remain closed on Monday on account of the Mumbai elections, according to the market holiday calendar of BSE. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed tomorrow. The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the … Read more
Retailer and hypermarket operator Trent and state-owned Bharat Electronics are likely to replace LTI Mindtree and Divi’s Laboratories in the forthcoming rejig in the Nifty index, according to an estimate by Nuvama Alternative & Quantitative Research. The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into Trent and $ … Read more
Varun Beverages on Monday reported a consolidated net profit of Rs 548 crore, rising 25% year-on-year (YoY) for the quarter ended March 31, 2024, as compared to Rs 439 crore reported in the year-ago period. The revenue from operations for the reported quarter stood at Rs 4,398 crore which was up by 11.2% YoY over … Read more
“If trouble comes when you least expect it, then maybe the thing to do is to always expect it.” Cormac McCarthy Considered in a proper historical and comparative perspective, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to … Read more