“DPIIT is continuously engaged with BIS and relevant stakeholders for identification of products for which QCOs could be issued. It is our endeavor to issue about 50 QCOs by the second quarter of 2023-24,” the department said.
Shares of Indian Overseas Bank (IOB) were the top gainers in today’s trade as the stock surged 13% to Rs 29.75 apiece. Meanwhile, shares of Union Bank of India, Bank of India and Bank of Maharashtra rose over 8%. PNB, Indian Bank, UCO Bank, and Central Bank of India advanced Continue Reading
For more than a decade, the stock has been taking support at a rising moving average followed by a breach of the intermediate falling trendline. In recent context, the stock is rising with the same characteristic,” he said.
There is no point buying at a high because they will give you very strong negative returns. I would still say give it another quarter, by the next year you should have a good entry point. Right now it is too expensive to buy any of the speciality chemical players Continue Reading
Nifty looks set to end December on a negative note after 2.5% loss seen last week where the cuts were even sharper in the broader market. The weekly price action formed a bear candle carrying a lower high-low, indicating the extension of corrective bias.
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Motilal Oswal maintained its buy rating on Can Fin Homes with a target price of Rs 630, an upside of 29% from Rs 488 recorded on December 24. Re-rating is still contingent on CANF’s ability to identify a successor. Robust franchise and follows a processes orientation approach which has served Continue Reading
The S&P BSE Sensex fell nearly 1000 points on Friday while the Nifty50 managed to hold on to 17,800 levels.
The structure of the counter looks distorted as it has given a closing below the 200-SMA and is also trading below all its important averages. MACD and RSI are showing weakness and supporting the trend.
The Santa Claus rally is a tendency of stocks to rise in the last five trading sessions of a calendar year and the first two of the New Year. Since 2011-12, the Nifty has gained on nine out of 11 occasions during this seven-day period, according to data compiled by Continue Reading
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