New Delhi: The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details. The ministry is likely to adopt a “prudent selloff” approach now, one official told ET, adding there won’t be “divestment for the sake of divestment anymore” … Read more
The Nifty has closed below its short-term moving average and the broader price structure. According to technical analysts, these indicate a possibility of a bearish head and shoulder pattern formation. Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, … Read more
While bank shares underperformed, technology shares were the top performers, resulting in the sector’s weight on the Nifty surging to 17.58% in November — the highest in over 12 years. Synopsis The Nifty Bank index has gained over 15% in the last one month. The rise in weightage could lead to these shares attracting majority … Read more