As we expected, the Nifty is entering into the counter-trend consolidation. On Monday, the Nifty traded in just 80 points range and it formed a NR7 bar, which means the day’s range was lowest in the last seven trading sessions. After opening lower the index closed near the lowest point of the day and at …
GMR Power & Urban Infra Reaches New 52-week High; What’s The Catalyst Behind The Rally?
15 September 2023The Indian benchmark indices ended the session significantly higher, reaching fresh all-time highs on the bourses. The BSE Sensex surged 0.47% to 67,838 level at the close. The Nifty 50 index gained 0.44% to a level of 20,192. With 1,932 shares rising on the BSE and 1,701 shares declining, the advance-decline ratio remained in favour …
Shares Of GE Power India Surge 8% Amid Market Weakness; Here’s Why
13 September 2023The Indian frontline indices encountered difficulties in building momentum, reflecting the lackluster global market cues. Meanwhile, broader indices, following a significant downturn in the previous trading session, continued their downward trajectory. With 1,483 shares rising on the BSE and 1,943 shares declining, the advance-decline ratio strongly remained in favour of declines. A few small-cap stocks, …
IRFC Shares Reach A New 52-Week High As The Dividend Record Date Approaches
11 September 2023The Indian benchmark indices kicked off the week on an optimistic note, with the belief that achieving new 52-week highs should be well within reach, given the robust uptrend in place. The BSE Sensex surged 0.53% to reach the 66,950 mark, while the Nifty 50 index posted a 0.61% gain, reaching a level of 19,940. …
