NIFTY: The NIFTY opened with an upward gap of 49 points. Prices have quickly moved down filled the gap and then continued its weak momentum for the whole day. Final closing was at 12106.90 down by 62.95 points. The NIFTY also broke down from a support zone identified earlier around 12120-12150 zone. We have discussed…
NIFTY: During yesterday, January 20, Monday, the markets had a wide range of almost 210 points. The Nifty closed at the low of the day yesterday. The index in fact, closed again today at the low of the day. The difference was in the trading range that the NIFTY had today – just 68…
Edelweiss Finance & Investment Limited scheduling its Secured Redeemable Non Convertible Debentures from January 23, 2020 – January 31, 2020 having face value of Rs 1000 each for an amount of Rs 1250 million (“Base issue Size”) with an option to retain over subscription up to Rs 1250 million aggregation up to Rs 2500 million (“Limit”) (“issue”) Investors can…
NIFTY: The NIFTY was moving in a narrow range last week. This week onwards, the index decided to take a trend and this trend is a breakdown from the range. Over the weekend, Q3 results of RELIANCE and HDFC BANK apparently enthused the market. The NIFTY opened higher on Monday morning and actually went to…
Indian Market Outlook: The Key Benchmark indices inched higher during the week gone by, but this time around, midcap and small cap joined the rally. The earnings season has set in and the early numbers look encouraging on a year-on-year basis. In the week ended on Friday, the Sensex rose 345.65 points or 0.83% to…
KEY HIGHLIGHTS The 10-year Indian government bond yield Increases 0.56% to 6.622 from 6.585 in the week gone by. US 10 year benchmark increased 0.27% to 1.825 as compared to 1.820 in the previous week due to fear of war between USA and Iran. A recent rally in the market, spurred by bond purchases from…
Hindustan Unilever Limited is engaged in fast-moving consumer goods business comprising home and personal care, foods and refreshments. The Company’s segments are Soaps and Detergents, which includes soaps, detergent bars, detergent powders, detergent liquids and scourers; Personal Products, which includes products in categories of oral care, skin care hair care etc. Its brands include Lux,…
NIFTY: The NIFTY had a slow day today, moving almost nowhere throughout the day, eventually closing the market and the week, almost unchanged for the day. We suggested yesterday that the NIFTY may now be entering into a phase of consolidation. Within this narrow range in which the index is now trading, today was a…
SBI Cards & Payment Services Limited will list soon at stock exchange platform for trading in Secondary market. Interested clients can fetch details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory…
NIFTY: The NIFTY continued with its winning spree by closing higher once more, recording a gain of about 10 points over its previous close. This is about .10%, but the spectacular highlight of this gain is the fact that it came after all. The index has been rolling since it made a low at…