These three equities gained significantly during Friday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Dhanlaxmi Bank Ltd The stock of Dhanlaxmi Bank witnessed a notable uptrend today, with a significant price volume breakout. This was further supported by the formation of a symmetric triangle pattern, indicating a potential continuation of the bullish …
Larsen & Toubro Ltd, a key player in India’s defence industry, has clinched two major contracts from the Ministry of Defence, Government of India. These contracts, valued at a total of Rs 13,368.95 crore, underscore L&T’s technological prowess and contribution to bolstering India’s defence capabilities. High Power Radars (HPR) Contract The Ministry of Defence has …
State Bank of India and Shyam Metalics & Energy are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising technical patterns, including price volume support and the potential to bounce back. Currently, trading at Rs 768.20 and Rs 671.20, respectively, their price structures align with positive signals from technical indicators …
On Friday, The NSE Nifty 50 index rose by 1.41%, while the BSE Sensex increased by 1.39%, as of 12.30 pm. This uptrend was further reinforced by robust domestic economic growth, with the Indian economy expanding by 8.4% in the October-December quarter, driven by strong performances in manufacturing and construction activities. Amidst the positive market …
Under the leadership of Prime Minister Shri Narendra Modi, the Union Cabinet has given its approval to the PM-Surya Ghar: Muft Bijli Yojana, allocating a total budget of Rs. 75,021 crore. This initiative aims to install rooftop solar panels and offer free electricity up to 300 units monthly for one crore households. The scheme was …
Zomato, an online food delivery giant, has impressed its shareholders by consistently reporting profits in the last three quarters. Today, the company’s shares reached the previous peak levels of Rs 169 per share, which were recorded on November 16, 2021. Share Performance At the start of the day, Zomato’s share opened at Rs 167.60 per …
On February 23, 2024, Nifty 50 closed at 22,212, with a fall of 0.02%. Sensex also dropped 0.02% to 73,142. Foreign Institutional Investors (FII) bought securities worth ₹1,276 crore, and Domestic Institutional Investors (DII) bought securities worth ₹176 crore. Top Gainers and Losers Nifty Media, Nifty Realty, Nifty Consumer Durables and Nifty Pharma witnessed gains …
In the current financial landscape, several Non-Convertible Debenture (NCD) issues have taken centre stage, providing investors with compelling opportunities. Among the notable ongoing offerings the Navi Finserv Limited and Chemmanur Credits and Investments Limited, also entering the market with their respective NCDs. As investors navigate the dynamic investment environment, these live NCD issues present avenues …
Although the Indian frontline indices started today’s trading session with a flat performance, they later experienced a sharp decline, particularly impacting the energy, oil & gas, power, and telecommunications sectors, which suffered the most damage. The BSE Information Technology and BSE Consumer Durables were the only indices to register gains. With 1,192 shares rising on …
Indian headline indices remained flat despite substantial gains in the information technology, consumer durables, and banking sectors. However, the utilities, power, auto, and real estate sectors experienced notable losses. At 10:25 am, the BSE Sensex added 0.10%, reaching a level of 73,169. The Nifty 50 index edged up by 0.05% to the 22,210 level. On …
