1/8 Ramadan, the ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community, will begin in India on Friday, (March 24).In Saudi Arabia, UAE, the UK, and other Muslim-majority nations, the crescent moon of Ramadan 2023 was sighted on March 22. Hence, these countries marked the […]
Month: December 2022
Eight of top 10 firms lose Rs 2.28 lakh cr in mcap; HDFC Bank, Reliance biggest laggardsEight of top 10 firms lose Rs 2.28 lakh cr in mcap; HDFC Bank, Reliance biggest laggards
The combined market valuation of eight of the 10 most valued firms plunged by Rs 2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities. Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined […]
The Hershey Company onboards Luigi Mirri as general manager – IndiaThe Hershey Company onboards Luigi Mirri as general manager – India
The Hershey Company has announced the appointment of Luigi Mirri as general manager, India. Currently, Mirri is serving as the general manager of APAC. With this appointment, he will expand his responsibilities to include India. As per the company, the appointment is effective from January 1, 2024. In his current role as general manager for […]
Crude climbs, stocks sulk; Brent up nearly 4% at near $88 as India says it will handle situation maturelyCrude climbs, stocks sulk; Brent up nearly 4% at near $88 as India says it will handle situation maturely
Even as Israel on Monday declared a “complete siege” on Gaza and launched hundreds of strikes on the Palestinian enclave, Brent crude prices were up almost 4% on Monday, bucking the recent trend of consolidation. Prices of Brent on the Intercontinental Exchange rose to $87.78/bbl and that of West Texas Intermediate on the New York […]
Nifty to slip under 19400 or bulls to come back? See GIFT Nifty, FII data, F&O ban, crude before market opensNifty to slip under 19400 or bulls to come back? See GIFT Nifty, FII data, F&O ban, crude before market opens
GIFT Nifty was 0.34% lower during Friday’s early trading session at 19,317, indicating an opening in the red for domestic indices NSE Nifty 50 and BSE Sensex. On Thursday, domestic benchmarks NSE Nifty 50 and BSE Sensex ended in negative territory. The Sensex closed down by 0.6% at 65,151.02, while the Nifty 50 shed 100 […]
Closing Bell: Nifty closes above 20,050, Sensex ends up 245 points; PSU banks, consumer durables and metals shineClosing Bell: Nifty closes above 20,050, Sensex ends up 245 points; PSU banks, consumer durables and metals shine
The markets ended in the green with the Nifty closes well above 20,050 at 20,070 up 0.38 per cent. The sensex shut shop up 245 points, but short of the 52-week highs of 67,619.17. The broader markets saw steady gains. The Bank Nifty was among the star performers and it breached the previous high of […]
Stocks To Watch: Vedanta, Infosys, Wipro, SJVN, Samhi HotelsStocks To Watch: Vedanta, Infosys, Wipro, SJVN, Samhi Hotels
Stocks in focus: GIFT Nifty traded flat at 19,678, up by merely 16 points or 0.08% during Friday’s early trading session, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. On Thursday, the NSE Nifty 50 closed below the 20,000 mark at 19,679, down almost a per cent. The Sensex too […]
Dr Reddy’s Labs stock– short-term tech pick: further rise anticipated; check best price to buy, stop loss levelDr Reddy’s Labs stock– short-term tech pick: further rise anticipated; check best price to buy, stop loss level
Dr Reddy’s Laboratories stock may offer investors up to 9.25% returns on upside potential to gain in the coming days, Prabhudas Lilladher said in a research note citing technical indicators. “Now that the bullish candle pattern has formed on the daily chart, a positive bias has been maintained, and we anticipate a further rise from […]
Markets remain in an uptrend, not in overbought territory yet; BPCL, Rallis among stocks to buyMarkets remain in an uptrend, not in overbought territory yet; BPCL, Rallis among stocks to buy
By Subash Gangadharan On the daily chart we observe that Nifty remains in a short term uptrend. The index has been continuously making higher tops and higher bottoms for the last several sessions after taking out the previous swing high of 18,887. With the 14-week RSI at 70.4 and not extremely overbought, we expect Nifty […]
S&P Global Ratings cuts Vedanta Resources credit ratingS&P Global Ratings cuts Vedanta Resources credit rating
S&P Global Ratings on Friday cut the rating of billionaire Anil Agarwal’s Vedanta Resources Ltd rating to ‘CCC’ from ‘B-‘ and placed it under “creditwatch with negative implications”. Vedanta Resources Ltd (VRL) is a globally diversified natural resources company. “We have… lowered our long-term issuer credit rating on Vedanta Resources and the issue rating on […]