Reseñas

“Tata Steel’s share price has formed a strong base around Rs 100 over the past few months factoring in a host of negatives,” the brokerage said, adding that the share price is seen resolving out of six months base formation, which resembles a cup and handle bullish formation.

The stock hit a 52-week high of Rs 549 on 7 February 2022, but it failed to hold on to the momentum. The stock bounced back after hitting a low of Rs 345 on 12 May 2022.Short-term traders who missed the rally can look at buying the stock now or Continue Reading

“In money management, being independent is very important. Having an independent thought process is very important because most often we invest like a crowd or like a herd and herds in the long term do not make money. Retaining independence is important, independence comes from asking the right questions and Continue Reading

From the Sensex pack, Axis Bank, Titan, TCS, Tech Mahindra and Sun Pharma were the top gainers, rising over 1%. IndusInd Bank, Wipro, Nestle, Bajaj Finance and HDFC Bank also closed with gains

Data available till November 18, 2022, show the outstanding loans to the services sector at ₹33.15 lakh crore, up 21.3% in one year. Outstanding loans to the industrial sector rose 13.8% in the same period to ₹32.94 lakh crore.

Nifty formed a Bearish Piercing pattern on the daily scale on Monday but it has been making higher highs from the last five sessions. It formed a Bullish candle or an Inside Bar on the weekly frame but continues to form lower highs from the last four weeks.

The first day of trading in the new year saw a positive move by Nifty, which closed with a gain. The broader market is continuing to throw up some stock-specific offers, which are seen as buoyant.

Stocks that were in focus include names like Usha Martin which closed with gains of over 7%, PNB Housing which rallied more than 7%, and Jindal Stainless which closed with gains of nearly 6% on Monday.

Activity will, however, pick up later this week as the US Federal Reserve will release the December policy meeting minutes on Wednesday, which investors will parse through for clues on the direction of interest rates. The US will also release the December jobs report on Friday, seen as a key Continue Reading

The basmati variety of rice is selling at a record high of Rs 110 per kg as compared with Rs 95 per kg a month ago. Traders attribute this to rice millers building stocks in anticipation of better prices in the world market as floods in Pakistan have damaged the Continue Reading