The Enforcement Directorate (ED) on Friday, January 19, 2024, launched searches at the premises of Syvanus King Peter, Managing Director and Chief Executive Officer, Ocean Lifespaces India Private Limited, in Chennai. According to police sources, the Central agency opened an Enforcement Case Information Report (ECIR) based on a case registered by the Central Crime Branch … Read more
Over the last several decades, real estate has been considered a very safe and stable option to park hard-earned savings. As a standard, across the world, real estate is always going to escalate in value, and over time, as the global economy continues to evolve, investors are increasingly exploring opportunities beyond their borders. Two prominent … Read more
Mumbai: The benchmark indices ended their two-day winning streaks as they closed below their opening levels in Tuesday’s trade. The oil and gas, realty and utilities indices were the day’s biggest losers. Analysts believe that the markets could stay range-bound in the same manner till next week as they have entered the overbought condition and … Read more
Indian market opened on a gap-up note on Thursday tracking positive global cues. The S&P BSE Sensex rose over 500 points while the Nifty50 reclaimed 17700 levels in the first 15 minutes of trade. Sectorally, buying was seen in IT, Realty, banks, and auto. Despite muted market conditions, Nifty50 held on to 17,500 on Wednesday … Read more
“For the coming weeks, 16900 – 17200 might be a strong hurdle since they are the 50% and 61.8% retracement level of the entire fall from 18100 to 15700,” says Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers. In an interview with ETMarkets, Kothari said: “The immediate support is placed at … Read more
In our last weekly note, we had mentioned that following eight weeks of consolidation, Nifty has finally staged a breakout, while dragging its support levels considerably higher. In the next five days, Nifty extended its gains as it closed at yet another lifetime high. The trading range, though, was relatively narrow as Nifty consolidated fiercely … Read more
Nifty’s trading range remained wider than usual during the week gone by, but it took a serious cut on Friday’s session. Despite that, the index managed to close the week on a positive note. In the previous weekly note, we had mentioned that Nifty was trading inside the Falling Channel that it had created, and … Read more
In a week where the trading range stayed narrower than the previous week, Indian equities saw a corrective decline. This was also a truncated week with just four trading sessions, and saw the headline index oscillate in a 375-point range. While the trading range remained narrow, intraday volatility and ranged oscillations remained high. Nifty remained … Read more
Mumbai: Infrastructure- and industrial-related stocks are expected to gain as India steps up spending, while pent-up demand could also boost the real estate sector, said Ridham Desai, MD, Morgan Stanley India. Staples-related consumption looks fully priced, while discretionary and travel related stocks could also be in the list of potential purchases, Desai said in a … Read more