The inside body candle on daily charts is indicating non-directional activity and indecisiveness between bulls and bears. For bulls, 18,675 would be the important breakout level to watch out for. And above the same, we can expect a quick uptrend rally up to 18,800-18,835. On the flip side, trading below Continue Reading

In the Nifty500 pack, five stocks crossed their previous 5-year high value at the close on December 7, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look

In the NSE list of stocks, five stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average Continue Reading

Shares of BLS International will trade ex-bonus in the ratio of 1:1. The record date for the same is December 10, 2022. EFC (I)’s board will meet today to consider the conversion of 95,500 convertible warrants into equity shares on a preferential basis to the promoter.

I do not see it as a very big problem for the economy. If the economy will start to grow, the leading indicator for it will be credit growth which is now going to get to about 16% which has not been the case over the last five years. So Continue Reading

These days, I am getting a lot of foreign visitors. They are telling me that India is a bright spot and are willing to pay for the stability. Valuations are high compared to other emerging markets (EMs) but they have a whole set of problems.

Sumitomo Chemical India (SCIL) is part of Sumitomo Chemical Company (Japan) and is a leading player with a 12% share in the India agri-input market. Strong parentage offers a competitive edge in terms of technical capabilities, strong distribution, and R&D support.

Blame it on the subdued returns given by assets such as fixed deposits or gold, or the COVID-induced work-from-home environment, retail investors have emerged as a new don of Dalal Street.

​​The brokerage said the move will alleviate the supply risk in the stock. In a notice to the stock exchanges, HDFC AMC said co-sponsor abrdn, formerly known as Standard Life Investment holding a 10.21% stake, plans to sell it entirely.

As per the National Company Law Tribunal (NCLT) order, lenders have to complete the resolution process of Reliance Capital by January 31, 2023.