By Subash Gangadharan On the daily chart, we observe that the NSE Nifty 50 index has bounced back smartly on Tuesday after respecting the recent lows of 17166. In the process, the Nifty 50 has also closed above the 20 day SMA and the recent swing high of 17727, which is a sign of strength. The Nifty is now likely to attempt to take out the downward sloping trend line that has held down the highs of 2021 and 2022. A breakout above this trend line would confirm that the bulls are in control and lead to a continuation of the …
February 2024
NDTV seeks Sebi clarity on warrant conversion to VCPL
By Ashley Coutinho New Delhi Television (NDTV) said its promoter group, RRPR Holding, wrote to the Securities and Exchange Board of India (Sebi) on Sunday, asking it to determine whether its order on November 27, 2020, restricted conversion of warrants issued to Vishvapradhan Commercial (VCPL) into equity shares of RRPR Holding. to convert warrants issued to it in 2009 into equity shares, which would give VCPL the control of 99.5% of RRPR Holding. Sebi, in its order dated November 27, 2020, had restrained the NDTV founder-promoters Prannoy and Radhika Roy from buying, selling or otherwise dealing in securities, directly or …
Apple AirPods future roadmap leaked: AirPods 4 with ANC, USB Type-C, cheaper model also in works
Apple is planning to make changes to its AirPods lineup in the coming years. The company wants to make it easier for customers to choose the right AirPods by making the differences between models clearer. According to Mark Gurman’s latest Power on newsletter, to achieve this simplicity of lineup, Apple will likely stop selling the second-generation and third-generation AirPods when they introduce a new model in 2024. Gurman says that the third gen AirPods did not make a good sale as many buyers opted for the older and cheaper model. To avoid this, the company plans to drop older AirPods …
Petrol, Diesel Price Today, 5 September 2022: Fuel cost unchanged; check rates in Delhi, Noida, other cities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been kept steady on 5 September 2022, keeping costs steady for more than three months now. The last country-wide change in price came on 21 May 2022, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Since then, Maharashtra is the only state to have cut rates. Maharashtra government had announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by …
Time to invest in low-debt firms in these sectors; and what to expect from CAMS, Chemcon IPOs | IIFL Interview
The rally in stock markets so far seems to have overlooked the risks to earnings and economy, said R Venkataraman, MD, IIFL Securities Ltd. In an interview with Surbhi Jain from Financial Express Online, Venkataraman said that this is the time to invest in good quality companies with low debt, since such companies will perform better in the medium term. Venkataraman also shares his thoughts on the recent and upcoming IPOs, after the 151-times, and 74-times subscriptions for Happiest Minds and Route Mobile public issues. Two more IPOs are set to open for subscription next week. Venkatraman says even as …
US stocks: Wall Street reaches four-week highs as bond yields drop
U.S. stock indexes climbed the most in roughly a month as bond yields eased, with investors shrugging off hawkish remarks made by Federal Reserve officials on Wednesday. The last time the Nasdaq Composite, S&P 500 and the Dow Jones Industrial Average reached a higher one-day percentage jump was on Aug 10, although investors doubt this is a long-lasting trend. The technology-heavy Nasdaq led gains among the main indexes, snapping a seven-session losing streak. U.S. stocks have sold off sharply since mid-August after hawkish comments from Fed Chair Jerome Powell were compounded by signs of an economic slowdown in Europe and …
Nafed invites bids for sale of chana from govt’s surplus stocks
The National Agricultural Cooperative Marketing Federation of India (Nafed) has invited bids for selling surplus chana (gram) in the open market from the government’s pulses buffer stock. Sources said that close to 0.5 million tonne (mt) of chana procured in the 2020-21 and 2021-22 seasons from the farmers will be sold to bulk buyers through an online bidding process. “We are hoping to sell older stocks in the open market so that sufficient storage facilities would be available for the next season which begins in April 2023,” a Nafed official told FE. Also read: Disclose tur dal stocks with traders: …
Coal India Rating: buy; Strong demand to boost earnings
We expect global coal demand to remain strong in the near term as the world recovers from the pandemic and Europe shifts to renewables (in the long term) from Russian gas, increasing dependency on coal in the near term. We believe that with a continued heat wave in China, hydro production should reduce further, increasing reliance on thermal coal. We further believe Europe will continue to re-open as well as increase the lifecycle of its remaining thermal power plants and in the process will fuel demand for thermal coal. Domestic coal demand to remain strong E-auction premiums to remain firm …
F&O expiry day: Sensex gives up 59000, fresh uptrend in Nifty likely above 17700 breakout; what dragged D-St?
BSE Sensex and NSE Nifty 50 ended 1.3 per cent down, each, on Thursday, a day of weekly F&O expiry. S&P BSE Sensex ended 770.48 points or 1.29 per cent lower at 58,766.59, and the NSE Nifty 50 settled 216.50 points or 1.22 per cent lower at 17,542.80. Index heavyweights such as Reliance Industries Ltd (RIL), Infosys, ICICI Bank, Tata Consultancy Services (TCS), and Housing Development Finance Corporation (HDFC), among others contributed the most to the indices fall. In the broader markets, S&P BSE MidCap and S&P BSE SmallCap indices ended half a per cent up. BSE MidCap index jumped …
HCL Tech, Future Enterprises among 52 BSE stocks to hit 52-week lows; Adani Transmission at new high
BSE Sensex and NSE Nifty 50 tanked more than 2 per cent in the morning trade on Monday. After a few hours into the trade indices recovered from the day’s lows and were down 1.4 per cent. In the noon deals, BSE Sensex was ruling 800 points or 1.4 per cent down at 58,034, and the NSE Nifty 50 was trading at 17,326, down 230 points 1.3 per cent. So far in the trade today, HCL Tech hit a new 52-week low of Rs 875.65, below the previous low of Rs 877.25 touched in July this year. While no stock …