By Kunal Nandwani The pervasive nature of technology has disrupted many industries and transformed how we live, work, and invest. In the Indian financial markets, one of the most prominent examples of this transformation is the rise of algo trading. Powered by sophisticated algorithms and low-cost computing power, algo trading has become the newest buzzword […]
Month: June 2023
Rupee rises 19 paise to close at 82.94 against US dollarRupee rises 19 paise to close at 82.94 against US dollar
The rupee recovered from its all-time low levels and settled for the day higher by 19 paise at 82.94 (provisional) against the US dollar on Tuesday, as the American currency retreated from its elevated levels.Forex traders said the rupee appreciated tracking a weak tone in the US dollar. However, selling pressure by foreign investors amid […]
USD-INR may consolidate within 81.70- 82.75, expect bargain buying near lower band; BoE, ECB eyed for cuesUSD-INR may consolidate within 81.70- 82.75, expect bargain buying near lower band; BoE, ECB eyed for cues
BY Dilip Parmar The Indian rupee notched the best week since 3 March following the weaker greenback and risk-on sentiments. All Asian currencies gained against the US dollar in the week gone. However, the rupee underperforms among the region on weekly as well as month to date amid higher dollar demand from importers. Short-term Outlook […]
Popular Vehicles and Services files IPO papers with Sebi again; public issue entirely OFSPopular Vehicles and Services files IPO papers with Sebi again; public issue entirely OFS
Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.This is the company’s second attempt to go public.Earlier, the company filed draft papers with the Securities and Exchange Board of India (Sebi) in August 2021 for floating […]
Medanta: Unlimited potential ahead; to enhance capacity, add 800 beds in north India by FY23–25Medanta: Unlimited potential ahead; to enhance capacity, add 800 beds in north India by FY23–25
By Nuvama Research We recently met Pankaj Sahni, CEO of Global Health (Medanta). Key takeaways emerged: He expressed confidence in the increasing demand for healthcare services in the Delhi NCR. He noted that there is no immediate supply risk, but cautioned that not all healthcare chains may thrive in the market. Medanta perceives significant growth […]
Sebi is considering fine-tuning the concept of unpublished price sensitive informationSebi is considering fine-tuning the concept of unpublished price sensitive information
By Lalit Kumar The Sebi (Prohibition of Insider Trading) Regulations, 2015 is one of Sebi’s critical regulations and concept of ‘Unpublished Price Sensitive Information’ (UPSI) being most crucial. UPSI means any information which if made public is likely to materially affect the price of securities. As is known, trading in securities while in possession of […]
Share Market Highlight: Nifty settles below 20000, Sensex above 67200; Bank Nifty sheds 59 points; Media, Metal, Realty stocks plungeShare Market Highlight: Nifty settles below 20000, Sensex above 67200; Bank Nifty sheds 59 points; Media, Metal, Realty stocks plunge
Profit booking on a day after the Nifty conquered 20,000 brough the Nifty 50 down by 0.02% to settle at 19,993.20, while the BSE Sensex added 94.05 points to settle at 67,221.13. The broader indices were trading in the red zone. The Nifty Next 50 tumbled 2.30%, while Midcaps and Smallcaps stocks also faced sharp […]
PM Modi, Australian PM Anthony Albanese watch India-Australia Test match; take round of stadium on a golf car – See PhotosPM Modi, Australian PM Anthony Albanese watch India-Australia Test match; take round of stadium on a golf car – See Photos
1/9 Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese has reached the Narendra Modi stadium in Ahmedabad and took a round of the massive sports arena on a golf car before the start of the fourth Test match between India and Australia. (AP photo) 2/9 Modi and Albanese handed over Test caps to […]
Govt-owned WAPCOS scraps IPO plansGovt-owned WAPCOS scraps IPO plans
Public sector firm WAPCOS Ltd has decided to shelve its plan for an Initial Public Offering (IPO), through which the government was looking to divest shares. The maiden public issue was slated to be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India. However, the issue […]
Nifty breaches key support of 19563; expected to move towards 19303; Buy Berger Paints, sell Bharti AirtelNifty breaches key support of 19563; expected to move towards 19303; Buy Berger Paints, sell Bharti Airtel
By Subash Gangadharan On the daily chart, we can observe that Nifty has broken its recent support of 19,563 and also closed below the 20-day SMA. Momentum readings like the 14-day RSI too are in decline mode, which is a negative signal. We expect the Nifty to move towards its next supports of 19,361-19,303 in […]