Market forecast: For NSE Nifty, 8,060 eyed; NSE FRL, SPIC are 'buy'
Posted on 30th August 2014 |
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| Key benchmark index ( Nifty August Future) edged higher in early week's trading and scaled record high of 7979, but could not sustain at the higher level, Throughout the week it swung between positive and negative zone in tight range of 7980 and 7870. On the last day of week's trading it remained choppy due to expiry of F&O contracts. Nifty August Future gave closing at 7955 above the psychological level of 7900. In near term market movement is likely to be dependent on first quarter GDP numbers to be released on 29th August 2014. Major trend of the Nifty future is still bullish, Last week it traded in tight range, Currently it is managing to sustain above it's crucial support level of 7860, breaching of this level can result in correction in Nifty September Future series and it may test the level of 7700 ; while on the other side if it manages to cross the resistance level of 7980 it may move upward till the level of 8060. The stock is trading sideways on charts, from the last few trading session it is sustaining with the positive bias and above its above 200 days moving average. Fresh buying can be expected in the stock with the crossing of its resistance level of 125 where longs can get accumulated for the target of 130,135. Support is at 120 which will act as stop loss for the stock. It is trading in range with the positive bias. Also it is sustaining above its 200 days moving averages with the RSI of 48, which indicates that crossing of its resistance level of 22 can result in upside movement in the stock. Support is at 20.90 which will act as stop loss for the stock. One can expect the target of 23.10 and 24.20 in coming trading sessions. By Rohit Gadia – Founder & CEO, CapitalVia Global Research Limited. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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