By Rahul shah Equity benchmark indices, Sensex and Nifty, logged their biggest monthly advance since November last year, gaining 3.6 per cent and 4.1 per cent this April, respectively. Improved global investor sentiment and sustained inflows from foreign portfolio investors (FPI) lifted the markets this month. Nifty closed higher for the fifth straight day on […]
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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 […]
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 […]
PhonePe launches stock broking platformPhonePe launches stock broking platform
Walmart-owned Indian payments firm PhonePe on Wednesday said it had launched a stock broking platform Share.Market that went live with stocks and exchange trading funds, as it expanded its range of financial services. PhonePe, which already offers insurance policies and allows users to invest in mutual funds through its payments app, will look to capitalize […]
Rahul Gandhi visits violence-hit Manipur – See PhotosRahul Gandhi visits violence-hit Manipur – See Photos
1/7 Convoy of Congress party leader Rahul Gandhi was on Thursday stopped by local police at a check post near Bishnupur, which is about 20 km from Imphal, the state capital of Manipur. He was on his way to Churachandpur where he planned to meet people (displaced by the recent clashes) at the relief camps. “Rahul […]
Rupee trades in narrow range against US dollarRupee trades in narrow range against US dollar
The rupee witnessed range-bound trading against the US dollar in early trade on Friday, as the support from positive domestic equities was negated by elevated crude oil prices and strong American currency. Forex traders said the dollar strengthened post the release of the US inflation number that was reported higher-than-expectation and weighed on the domestic […]
Stocks to watch: Infosys, HCL Tech, Mphasis, Dr Reddy’s LabsStocks to watch: Infosys, HCL Tech, Mphasis, Dr Reddy’s Labs
Stocks in Focus: GIFT Nifty traded up 23.5 points, or 0.12%, at 19,698.50, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. On Thursday, the NSE Nifty 50 slipped 17.35 points or 0.09% to settle at 19,794, while the BSE Sensex shed 64.66 points to 66,408.39. “Markets oscillated in […]
Rupee remains under pressure; USDINR expected to trade sideways in 82.20-82.80 rangeRupee remains under pressure; USDINR expected to trade sideways in 82.20-82.80 range
By Gaurang Somaiya Rupee in the last couple of sessions of the previous week came under pressure; witnessed sharp selling and fell to the lowest level in six weeks. Triggers for the rupee came from global factors, primarily the FOMC meeting minutes and better-than-expected economic data from the US. The Fed governor and its officials […]
Xiaomi Pad 6 buying guide: 10 things to know before you spend Rs 26,999Xiaomi Pad 6 buying guide: 10 things to know before you spend Rs 26,999
1/10 Xiaomi Pad 6 has officially arrived in India. With its premium all-metal design and high-end feature set, Xiaomi is looking to undercut OnePlus. Its real kicker though is the tablet’s affordable price. The Pad 6 starts at just Rs 26,999 even as the OnePlus Pad can go up to Rs 40,000. 2/10 The Pad […]
Moscow mutiny fizzles out as Wagner Group fighters return to base – See PhotosMoscow mutiny fizzles out as Wagner Group fighters return to base – See Photos
1/7 Heavily armed Russian mercenaries pulled out of the southern Russian city of Rostov overnight after halting their advance on Moscow under a deal that defused an unprecedented challenge to the authority of President Vladimir Putin. (Reuters Photo) 2/7 Under the deal, mediated by Belarusian President Alexander Lukashenko, fighters of the Wagner group would return […]