Reseñas

A bearish candle on daily charts is indicating further weakness from the current levels. However, the Nifty is trading near the 20-day SMA and Sensex is trading near the important support level of 60600. If the index succeeds to trade above 17900, a quick pullback rally is not ruled out

The credit rating agency, however, projected the country’s economic growth trajectory in FY24 to slow down to 6 per cent. As per Acuite Ratings, the Indian economy has managed to withstand the headwinds rather well over past several months despite tough global environment.

“Going in the direction of protectionism of domestic firms and of domestic industries as opposed to production for export-led growth may be a challenge and the fact that India has not recently joined either FTAs or regional trade agreements is a signal that you are doing something slightly not right. Continue Reading

Yes Nifty IT is showing strength which means I am quite positive on Nifty IT. And today my pick will be Zensar Technologies, currently it has come up to Rs 275 and targets for this are Rs 285, Rs 300 with a stop loss of Rs 260.

Cumulative engineering exports during April-January 2022-23 also declined by 3.68 per cent year-on-year to $ 88.27 billion. In rupee terms, cumulative engineering exports recorded 3.47 per cent growth year-on-year. This disparity was due to 7.7 per cent depreciation of Rupee vis-à-vis the US Dollar during April-January 2022-23 over April-January 2021-22.

In October 2020, the CCEA gave its ‘in-principle’ approval to the demerger of the Nagarnar steel manufacturing unit from NMDC and strategic disinvestment of the resulting entity by selling the entire stake of the central government. Last year, NMDC had approved the demerger of NMDC and NMDC Steel.

Options data suggests a broader trading range in between 17700 to 18300 zones while a shift in immediate trading range in between 17800 to 18100 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

If I look at what could be the class of maybe 2024 or class of 2025 IPOs, the companies that we are looking at today are very exciting and there is a high probability that we allocate capital there.

If they are minor in nature, then it is unlikely to hurt sales from the unit. However, if the regulator found major deviations from good manufacturing practices norms, then the resolution process could be longer and delay product launches from the facility.

There was no broad base buying visible in the Indian markets which led to no follow-up move. The BANK NIFTY index continued its underperformance post the budget and faces a hurdle at 42000.