“So this clearly indicates that now markets are again back into the range of 18,400 to 18,600 and Bank Nifty is within a range of 44,200 to 43,800,” says Jay Thakkar, Sharekhan. How are you reading the way Nifty, Bank Nifty have come down? Are they coming closer to the support levels? Also tell us … Read more
“And for Bank Nifty I would say that level is 43,700 for the short-term reversal. From intraday perspective, it has already broken the support of 44,000. So, let us see on a closing basis if it manages to hold on to 44,000, bounces back, then there is a possibility that it can get into that … Read more
NEW DELHI: is likely to report a 7-8 per cent growth in profit on a double digit growth in sales. Ebit margin may see a sequential fall on account of wage revisions and rise in travel costs, which analysts said,could be offset by increase in margins of manufacturing vertical and modest depreciation of 1.4 per … Read more
NEW DELHI: Nifty50 on Thursday climbed for the second straight day, breaching the recent swing high of 17,324 and also the resistance of 17,350. The index reclaimed the 17,400 mark on a closing basis and formed a bullish candle on the daily chart. Analysts believe the ongoing recovery can extend to the level of 17,600. … Read more
In the March quarter, Solara’s sales grew almost 50 per cent year-on-year to Rs 444 crore and net profit stood at Rs 56.6 crore, up 218 per cent. Synopsis The Mumbai-based reclusive investor held nearly 4 per cent stake in Sequent Scientific till March 2018 and about 2.07 per cent in Strides Pharma till September … Read more
Mumbai: Real estate stocks rallied on Tuesday, backed by hopes of resumption of activity in the sector and the expectations of consolidation post Covid, which will reward stronger and established players. BSE Realty index was the top sectoral gainer, as it advanced 4.2 per cent. The index has risen 10.8 per cent over the last … Read more
NEW DELHI: Nifty50 shed 100 points on Thursday to settle July futures & options series at 11,102. The index has been seeing selling pressure at higher levels for a few days now. Analysts said the formation of a bearish candle on the daily scale in follow-up to an indecisive Spinning Top candle in the previous … Read more
NEW DELHI: FMCG giant ITC dropped over a per cent on Friday ahead of its June quarter earnings. Analysts expect the firm to report up to 40 per cent dip in net profit. The stock was down 1.1 per cent to Rs 198.45. The scrip hit a low of Rs 197.35 during the day. The … Read more