Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting … Read more
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak, ending 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone. However, crossing 22,660 could resume the bullish trend, Om Mehra … Read more
Nifty on Friday ended 62 points higher to form a High Wave type of candle on the daily chart. The index recouped losses of its previous week and is now eyeing reclaiming the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels … Read more
Nifty on Wednesday ended 17 points lower to form a high wave type candle on the daily chart. The index largely traded sideways and failed to generate any significant directional breakout. The short-term trend of Nifty continues to be up. Further consolidation or minor dip in the market is expected before showing further upmove. A … Read more
NEW DELHI: Despite Friday’s profit booking, headline index Nifty managed to close on a positive note for the fifth week in a row by registering a weekly gain of 0.34 per cent. As the peak of the earnings season is now over, the attention now shifts to macro events, FII flows and the movement in … Read more
NEW DELHI: Continuing their selling spree for the sixth straight month, mutual funds pulled out Rs 30,760 crore from equities in November on profit booking and experts believe the outflow trend will continue unless there is correction in markets. With this, net withdrawal by mutual funds (MFs) has reached to over Rs 28,000 crore in … Read more
NEW DELHI: The Rs 444 crore initial public offering (IPO) of Mazagon Dock Shipbuilders, the first government-owned company to float a primary market issue in 2020, opened for bidding on Tuesday. The issue is open for subscription till Thursday. The company has a virtual monopoly on building destroyers, frigates and submarines for Indian Navy and … Read more
NEW DELHI: The IPO market is set to see its first mainboard IPO of financial year 2019-20 with Rossari Biotech hitting the market with its Rs 500 crore IPO on Monday. Rossari IPO was caught in Covid blues at first attempt. It was to launch its IPO on March 18, but cancelled its IPO press … Read more