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 […]
Rupee falls 15 paise against US dollar on foreign fund outflowsRupee falls 15 paise against US dollar on foreign fund outflows
The rupee stayed on the downward track for the second straight day to settle 15 paise lower at 83.28 against the US dollar on Tuesday due to a firm greenback against major currencies overseas and persistent foreign capital outflows.Besides, weak equity market sentiment and elevated levels of crude oil prices — hovering above USD 92 […]
Work or Study in Australia: All about Skilled Recognised Graduate visa programWork or Study in Australia: All about Skilled Recognised Graduate visa program
The Skilled-Recognised Graduate visa allows recent engineering graduates to live, work, or study in Australia for up to 18 months. To be eligible for the Skilled-Recognised Graduate visa, you must have completed a degree or higher qualification from a specified institution within the past 2 years, and be under 31 years of age. The Skilled-Recognised […]
High chance for Nifty to revisit all-time high, shows persistent buying; encouraging signals from Bank NiftyHigh chance for Nifty to revisit all-time high, shows persistent buying; encouraging signals from Bank Nifty
By Anand James, Chief Market Strategist, Geojit Financial Services Though Bank Nifty was the first to reach the vicinity of the record peak, it had turned lower, after a brief foray above the peak. Usually such a turn, without the rapid ascent normally associated with break of record peaks, is seen as a failure move, […]
Sebi asks brokers functioning in ‘execution only platform’ to maintain minimum capital depositSebi asks brokers functioning in ‘execution only platform’ to maintain minimum capital deposit
Capital markets regulator Sebi on Friday asked stock brokers functioning only in the Execution Only Platforms (EOP) segment to maintain a sum of Rs 10 lakh with the bourse as a base minimum capital deposit. The EOP is a digital or online platform which allows transactions in direct plans of mutual funds without the help […]
Stock market today: Asian shares track decline on Wall Street as Japan cuts GDP estimate for 2nd quarterStock market today: Asian shares track decline on Wall Street as Japan cuts GDP estimate for 2nd quarter
Shares fell Friday in Asia after Japan reported its economy grew less than earlier estimated in the last quarter. Oil prices declined, while US futures edged higher. Japan, the world’s third largest economy, grew at a 4.8 per cent annual pace in the April-June quarter, below the earlier estimate of 6 per cent growth, according […]
TCS stock down nearly 2% following Q2 results; Should you buy, sell the stock?TCS stock down nearly 2% following Q2 results; Should you buy, sell the stock?
Tata Consultancy Services (TCS) share price tumbled 1.78% to Rs 3,545.40 today, a day after the IT major reported 8.7% growth to Rs 11,342 crore in its consolidated net profit in the second quarter of FY24. TCS had reported a profit of Rs 10,431 crore in the same period a year ago. The IT major’s […]
Rupee rises 4 paise against US dollar in early tradeRupee rises 4 paise against US dollar in early trade
The rupee stayed on the upward track for the third day in a row, appreciating by 4 paise to 83.14 against the US dollar in early trade on Thursday amid easing crude oil prices and a weak American currency. Subdued sentiments in the domestic equity markets and concerns over foreign funds withdrawal capped a sharp […]
South Korea’s opposition leader Lee Jae-myung stabbed in Busan – A detailed report hereSouth Korea’s opposition leader Lee Jae-myung stabbed in Busan – A detailed report here
South Korea’s main opposition leader Lee Jae-myung was stabbed on the left side of the neck, while he was touring an under-construction airport site at Gadeokdo, an island in Busan, according to the reports of Korean media. He was left bloodied, but conscious, as per the party officials. Lee Jae-Myung is the leader of the […]