Mumbai: Power stocks were among the top gainers on Tuesday, riding the bullish momentum in the past month, as investors bet that the government’s increased thrust on manufacturing would boost the demand for energy. The BSE Power Index, which gained 10% in the last month, rose 1.5% on Tuesday. Analysts believe the favourable government policies … Read more
The Indian market is likely to consolidate on Thursday tracking muted global cues. The S&P BSE Sensex and Nifty50 closed mixed on Wednesday. The Nifty50 closed just a shade below 19,400 levels. India VIX was up by 1.56% from 11.70 to 11.88 levels in the previous trading session. Volatility was on the rise and made … Read more
“The price behaviour on the Nifty now is a very slow bleed; it is not a sharp capitulation. That gives us a lot of hope that this very mild liquidity driven event will have more upsides than downsides as possibilities, says Harendra Kumar, MD – Institutional Equities, Elara Securities India A very cautious mindset seems … Read more
Nifty futures on the Singapore Exchange traded 52.5 points, or 0.28 per cent lower at 18,615.5, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: : The USFDA has issued 8 observations for the drug product facility and API … Read more