Nifty Bank: Key levels to watch out for next week

We feel traders can go for a short straddle strategy where maximum profit will be made in the range of 37,850 and 40,649. However, one needs to be careful above these ranges in the current weekly settlement.Nifty Bank has to cross and hold above 39,500 zone for an up move towards Rs 39,750 and 40,000 […]

RBI to auction state government stocks worth Rs 5,900 crore on September 6

During the auction, the government stock up to 10 per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions. The allotment will be subject to a maximum limit of one per cent of its notified amount for a single bid per stock as per the […]

Tech View: Nifty50 may consolidate in broader 17,300-800 range

The index needs a push above 18,100 for a rally to truly blossom and once this happens, it will be a one-way ride to 18,600-18,900. There could be a lot of choppiness between 17,900 and 17,600.It is better to have a longer holding period and smaller position size and wait for that moment when Nifty50 […]

Adani Enterprises tops new peak on Nifty50 inclusion announcement

According to earlier estimates by Edelweiss Alternative and Quantitative Research, Adani Enterprises’ inclusion into Nifty may lead to inflows of $183 million into the stock. Adani Enterprises will be the second stock from Gautam Adani’s stable to be included in the Nifty50 index after Adani Ports and Special Economic Zone.

Bitcoin holds above $20,000; Polygon & Ethereum rise up to 5%

Crypto lender Celsius Network, which is into bankruptcy proceedings, filed to return custody holders’ funds to them, ahead of a separate hearing to address ongoing questions about its efforts to restructure and relaunch its operations. The distribution of funds to former customers of the defunct crypto exchange Mt Gox will begin on a repayment date […]

Global bonds tumble into their first bear market in a generation

In many ways the economic and policy realities now facing investors year hark back to the 1960s bear market for bonds, which began in the second half of that decade when a period of low inflation and unemployment came to a sudden end. As inflation accelerated through the 1970s, benchmark Treasury yields surged. They would […]

Minority holder taps Sebi on Hinduja tech company merger

In a letter to Sebi end July, the minority shareholders have written seeking the regulator to prevent “mis-governance, protect the rights of shareholders, and ensure the compliance of listing obligations and other SEBI regulations.”