NIFTY: The NIFTY opened at 19802.95 with a gap up of 53 points. The index continued its upside momentum and started moving higher but soon found resistance around 19850.Prices formed a range there which broke on the downside quickly. A sharp decline came which brought prices to negative…
View on market: Volatility Prevails, Market is searching for better value Asian markets are poised for a cautious open as U.S. stock futures slipped in early Asia trading after earnings from companies including Netflix Inc. and Tesla Inc. Equity futures for Japan fell, while contracts for Australia were…
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. The company offers consultancy, design, development and testing services across the product and process development life cycle. Its customer base includes 69 Fortune 500 companies and 57…
NIFTY: The NIFTY opened at 19787.50 with a gap up of 76 points. The index initially moved lower but quickly turned around and rallied to find resistance just above 17800.Prices recorded its intraday high at 19819.45, formed a range, and eventually broke on the downside. The Index then…
View on market: Volatility Prevails, Market is searching for better value Equity markets in Asia are poised for a mixed open as China’s growth concerns continued to weigh on markets even as stocks extended their rally in the U.S. Futures for benchmarks in Australia and Japan rose, while…
Result Analysis: LTIMindtree Limited (CMP: Rs.5133.95) Result Update: Q1FY24 LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree…
Power Finance Corporation NCD Company Profile: Power Finance Corporation Ltd. (P.F.C.) is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. It was founded in 1986 and serves as the financial foundation of the Indian power industry. PFC has a…
Result Analysis: HDFC bank (CMP: Rs.1679.20) Result Update: Q1FY24 HDFC Bank Ltd. is India’s leading private bank with banking network of 7,860 branches and 20,352 ATMs in 3,825 cities/towns. It offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers.…
July 18, 2023
A SHARP INTRADAY RALLY IN THE NIFTY, NIFTY BANK
NIFTY: The NIFTY opened at 19612.15 with a gap up of 48 points. The index initially moved lower and filled the gap. However, prices found support there and bounced up quickly. Prices recorded its intraday low at 19562.95 within the first 15 minutes of trading, saw a sharp…
View on market: Volatility Prevails, Market is searching for better value Asian markets are set to edge lower, despite gains on Wall Street, as China’s sluggish economic recovery triggered growth forecast cuts and a warning from U.S. Treasury Secretary Janet Yellen that it could cause ripple effects across…