Author: India

On the downside, we would turn cautious if prices break below 15640-15680 decisively. In that case, we can expect 15440 levels, which coincided with the Feb 2021 peak, says Jain ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) […]

Source: Reuters The National Stock Exchange on July 6 sought the reason for placing an order for certain Nifty futures trades at a significantly higher rate than the prevailing price. The exchange has received some inquiries about certain Nifty futures trades that were higher than the prevailing price on July 5, 2021. The country’s leading […]

Domestic indices started with a gap-up maintaining the ascendancy of last week, from the strong mutual fund (MF) & retail inflows. Weak domestic data like contraction in manufacturing & service PMI had no negative impression on the Indian market that is focusing on the future benefit from unlocking. Initially, India was decoupling despite the mixed […]

The short-term trend still remains buy on dips till the time the swing low of 15450 stays untouched. However, the upside from here too won’t be that easy since the volatility index VIX is trading near its bottom. Mehul Kothari, AVP – Technical Research at AnandRathi ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Being a two player market (Zomato & Swiggy) with a similar market share, the opportunity for Zomato to grow the market and revenues are huge, Jitesh Ranawat – Head Institutional Sales at Marwadi Shares and Finance Ltd., said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpts: Q) The much-talked-about food delivery IPO will hit […]

Indian market witnessed a volatile week largely weighed down by weak global cues that led to benchmark indices slipping below crucial support levels, but small & midcaps outperformed. The S&P BSE Sensex closed below 53000 while the Nifty50 fell below 15800-15700 levels. On the weekly basis, the S&P BSE Sensex was down 0.19 percent while […]

Indian market fell for the second day in a row on Friday pushing the Nifty50 below 15700 levels. The S&P BSE Sensex fell by about 200 points amid muted global cues and worries over the spread of the dreaded Delta variant of the coronavirus. Let’s look at the final tally on D-Street – the S&P […]

On the technical charts, a positive crossover between its 20-month and 50-month exponential moving averages indicates that the shares could rise towards Rs 1,100 in a year from now ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { […]

Kunj Bansal, CIO – Karvy Capital Zomato offering is expensive when seen in comparison to similar investment opportunities in the global market and such valuations are more due to the demand of offering and not necessarily based on the financials of company, Kunj Bansal, CIO, Karvy Capital, said in an interview with Moneycontrol’s Kshitij Anand. […]

India Gold MCX August Futures trade higher on Friday tracking positive trend in the international spot prices, which were up on a slight pullback in the US Dollar that made bullion less expensive for other currency holders. A drop in the US Treasury yields also offered support to the safe-haven metal, said a Reuters report. […]

Stocks that were in focus include Jay Shree Tea, which rose nearly 9 percent to hit a 52-week high, Speciality Restaurants (gained nearly 11 percent), and Sobha (saw gains of over 5 percent). ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); […]

R Venkataraman, Chairman, IIFL Securities is of the view that apart from the US Fed policy, the capital flows to India are also vulnerable to high crude prices. Venkataraman has over 28 years of experience in the financial services sector. Prior to this, he was associated with ICICI, including ICICI Securities, their investment banking joint venture […]

Since hitting a 52-week high in March 2021, the stock entered a consolidation phase. However, technical charts suggest that the stock is now ready to resume the second leg of the rally. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else […]

Kotak expects strong growth in earnings for these sectors – banks, capital goods, IT services, metals & mining and upstream oil & gas ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; […]

Naveen Chandramohan, founder & fund manager at ITUS Capital believes Zomato IPO should do well because of the supply-demand dynamics and interest among investors to own internet businesses. Although looking at the business today, it doesn’t appear to be a multibagger story, he said in an interview to Moneycontrol’s Sunil Shankar Matkar. Talking about healthy […]

Stocks that were in focus include Bharat Forge which closed with gains of over 5 percent, SIS rose nearly 4 percent, and Laxmi Organics closed with gains of 4 percent on Wednesday. RailTel Corporation of India | The company has received a work order amounting to Rs 23.43 crore (excluding GST) from Sagar Cable Network […]