By Anand James Nifty is coming off a low base after steep and sustained downtrend from record peak, and is now at the upper range of a narrow Bollinger band. This low base sets up environment for at least a push higher, running up to the Muhurat trading, as similar phase during three 3 out […]
Bumper debut: Flair Writing shares list over 65% premium on bourses; Should you hold or book profit?
Flair Writing shares listed at 65.46% premium over IPO price on bourses. The share debuted at Rs 503 on the BSE and Rs 501 on the NSE, surpassing the issue price of Rs 304. The investors have made a profit of nearly Rs 199 per share as the scrip gave more than 65% return to […]
Persistent Systems, Alkem Labs and Eicher Motors among 190 stocks that hit 52-week high; 11 touch 52-week low
The benchmark equity indices are trading in positive territory on Wednesday. The NSE Nifty 50 is trading at 19,660.15, up 216.60 points or 1.11%, while the BSE Sensex is trading at 65,617.63 up 683.76 points. Midcap stocks are leading the gains among the broader indices. The Bank Nifty index is trading up 336.20 points or […]
Army chief visits Poonch, exhorts commanders to conduct ops in ‘most professional manner’
Amid an ongoing operation to track down terrorists behind the ambush that left four soldiers dead in Poonch last week, Army Chief General Manoj Pande visited the ground zero on Monday and exhorted the commanders to conduct the operations in the “most professional manner”. The Chief of Army Staff (CoAS) also asked them to remain […]
Rating: BUY | CIL: Stellar Q2 show, outlook positive
I-Sec research Coal India ltd (CIL) exceeded expectations in Q2FY24 with an EPS of `11.9/share, surpassing both our and consensus estimates by 35% and 25%, respectively. Key points include: Wage cost management: Wage costs, totalling `116.4 billion, remained at normalised levels and were within our projected estimates. Provision adjustment: A signi
Oil extends gains on expectations of further OPEC+ supply cuts
Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. Brent crude futures climbed 66 cents, or 0.8%, to $81.27 a barrel by 0700 GMT while U.S. West […]
SAT sets aside Sebi’s Rs 4-cr fine on Deccan Chronicle Holdings
The Securities Appellate Tribunal (SAT) on Thursday set aside a Sebi’s order that imposed a penalty of Rs 4 crore on Deccan Chronicle Holdings Ltd (DCHL) in a matter related to the alleged misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. In addition, the appellate tribunal reduced the penalty on the […]
Adani Green Energy inks pact with SECI for supply of 1,799 MW solar power
Adani Green Energy (AGEL) on Monday said it has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power.With the signing of this balance PPA, AGEL has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded to it by […]
Of tiaras and red carpet: On UK state visit, South Korean President & wife get royal welcome | SEE PHOTOS
1/6 South Korean President Yoon Suk Yeol was greeted by Britain’s King Charles III and a military honor guard on Tuesday at the start of a state visit aimed at strengthening trade and defense ties between the two countries. The UK government hopes the Korean leader’s formal three-day visit will help cement an “Indo-Pacific tilt” […]
Retail surge propels NSE delivery volumes to six-year high
The National Stock Exchange (NSE), has seen a striking surge in delivery volumes, reaching a six-year high, driven predominantly by increased retail participation. The trend, which has been steadily rising since June, appears to be fueled by both direct retail investments and inflows via mutual funds. Analysts suggest that this upward trajectory co