A small negative candle was formed on the daily chart with a gap-down opening and a long lower shadow. Technically, this pattern indicates a hammer-type candle pattern formation, which signals chances of a pullback from the lows post-confirmation.
Reseñas
Tata, Reliance most valued business groups
On September 16, 2022, Adani emerged as the most valuable industrial house, surpassing the Tatas after acquiring Ambuja Cements and ACC. However, on November 16, 2022, the Tata Group regained the top spot. While two of India’s biggest business houses, Tata and Reliance, have respectively lost 2% and 4% in Continue Reading
Adani promoters prepay $2.15 billion margin-linked loans
According to people in the know, promoter entities of Adani Group companies had an overall exposure of close to ₹15,000 crore ($1.83 billion) in margin-linked loans. Additional pledges were created, following the decline in Adani Group companies’ share prices due to the Hindenburg Research report.
The SVB Collapse: Excesses of private market spilling over to public market
The US market’s three main stock indices fell between 1% and 2% on Friday in response to the news of SVB’s collapse and a resilient American jobs market. The weakness could rub off on Dalal Street on Monday morning as foreign investors may step up selling on local stocks in Continue Reading
Inflation expected to come down, says MPC member
“Government supply-side action coordinated with a flexible inflation targeting regime has kept Indian inflation rates lower than other countries and our own past averages even in this period of major adverse external supply shocks,” she told PTI in a telephonic interview.
Bank of Maharashtra cuts home loan rate to 8.4%
The Pune-based state-owned lender thus becomes the second bank in as many days to cut home loan interest rate. Last Friday, Bank of Baroda slashed the rate by 40 basis points to 8.50%.
Gold ETFs record Rs 165 crore inflow in Feb
Nirav Karkera, Head of Research at Fisdom, said that gold, as an asset class, is known to effectively align returns with inflation. The same deems it to be an important asset class today, especially for long-term retail investors.
Open interest’s high among retail investors. But winnings? Not quite
The worrisome part is that this sophisticated segment is drawing in people with limited knowledge and modest financial muscle. Salaried professionals, retirees, school teachers, and even housewives and students have jumped in, lured by the low brokerage and ease of trading offered by discount brokers and stock trading apps.
Silicon Valley Bank collapse: No major impact on Indian banking system, say experts
The collapse of Silicon Valley Bank is causing global contagion, with some impact on the sentiment of the market in the short term and long term. However, the Indian banking system is more insulated and regulated, and the Indian equity markets are unlikely to be impacted. There will be some Continue Reading
Silicon Valley Bank’s fall widens systemic cracks as cheap money vanishes
Over the past year, the U.S. Federal Reserve launched its most aggressive interest rate hiking cycle since the early 1980s and other central banks joined in, leaving global investors to face a gamut of consequences