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Reliance Industries Rights Issue May 2020 Details

How can I apply for the Reliance rights issue? The Registrar and Transfer Agent (RTA) of Reliance Industries Limited will check the eligible shareholders who hold the shares of the company as on the record date – 14 May 2020 and send the rights application form electronically to the email ID mapped in their demat…

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Weekly Market View – 16th May 2020

Indian Market Outlook: The Key benchmark indices fell over 1.% this week despite the efforts taken by the Government. The package had more to do with fixing supply-side issues than catering to demand-side issues. In the week ended, the S&P BSE Sensex index fell 544.97 or 1.72 percent to settle at 31907.73, whereas NSE Nifty…

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Daily Market Outlook – 14th May 2020

NIFTY: The Prime Minister, Mr. Modi, spoke to the nation yesterday evening. He raised the prospect of a resurgent India. He also announced a large financial package of almost Rs. 20 lakh crores for the people. Today morning the markets cheered the package, opening significantly higher. While the morning open did not sustain; the NIFTY…

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Daily Market Outlook – 13th May 2020

NIFTY: The NIFTY had a significantly volatile day today, with the index first having a follow-through of yesterday’s weakness then going all the way down to 9043. This is what the story of the first half of trading was. The second half of trading saw the NIFTY begin a rally from its lows, and then…

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Daily Market Outlook – 12th May 2020

NIFTY: The NIFTY opened with a reasonable gap up, together with most Asian markets and in line with the big gains noticed by S&P 500 on Friday. The gap was built upon, with the index moving all the way to 9450, in the first two hours of trading. This was a intraday breakout above 9400.…

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Daily Market Outlook – 11th May 2020

NIFTY: The NIFTY opened with a large resounding up gap, moving all the way to 9360 from previous close of 9200. The gap unfortunately did not hold. After the first hour the NIFTY started downward drift, and eventually closed with a gain of 50 points at 9250. The NIFTY BANK was an underperformer, closing lower…

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Weekly Market View – 9th May 2020

Indian Market Outlook: The Key benchmark indices fell over 6% this week as coronavirus cases continued to spiral and markets awaited an economic stimulus. Last week, we had some encouraging moves in the market and in the process; the Nifty took a leap beyond the 9800 mark. However, with US President Donald Trump threatening China…