Maharashtra sugar mills seek export policy for next season
In a letter to food and public distribution minister Piyush Goyal, Wisma said announcing the 2022-23 sugar export policy in September will allow sugar mills to enter forward contracts and avoid a glut in the domestic market as the industry is expecting record production in the new season.
GoM on casinos, online gaming taxation likely to submit final report in 7-10 days
The Group of Ministers (GoM), headed by Meghalaya chief minister Conrad Sangma, will however, meet stakeholders said seek legal opinion before submitting the final report. ”After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all members, we will take legal opinion before submitting the final report,” Sangma said.
$38 billion-fund manager says asset allocation that hurt stocks is reversing now
Companies are managing balance sheets more efficiently today and that was what reflected in the recent quarter earnings when the numbers largely beat analyst projections, he said while expecting the trend to continue for at least a handful Nifty50 companies going ahead.
Nifty Bank: Key levels to watch out for on Tuesday
After forming a Bullish candle on the daily scale, Nifty Bank is forming higher lows from the last four sessions. Now, it has to hold above 39,750 zones for an up move towards 40,000 and 40,250 zones, whereas supports are placed at 39,500 and 39,250 zones.
Bangladeshi Hilsa fish expected to hit Kolkata markets in a day or two
“Bangladesh has permitted export of hilsa yesterday for the current season. The first consignment is expected to hit the local markets in a day or two,” Fish Importers Association secretary Syed Anwar Maqsood told PTI. Benapol C&F Agents Staff Association secretary Sajidur Rahman also said that the “silver crop” is likely to reach here either […]
Tech View: Nifty50 forms a bullish candle; it’s a buy on dips market, say analysts
The index is trading in a strong uptrend with higher top and higher bottom formations intact on all the time frames, Shah said, adding that once the index surpasses the mentioned hurdle, it will see a strong move on the upside toward the 41,000-41,500 zone.
Stocks to buy or sell today: 9 short-term trading ideas by experts
The week opens with a modest downside objective of 17440-17370, before allowing a chance for bulls to fight back. Inability to push beyond 17580, would however bring the 17000-16650 region again in play,Anand James – Chief Market Strategist at Geojit Financial Services, said.
Chart Check: A breakout from 1-year consolidation; MACD in buy mode for this chemical stock; time to buy?
Stock has given a breakout on the higher side after one year of consolidation implying a bullish continuation sign. Stock has retraced to the upper band of consolidation followed by a bullish candle,Kapil Shah, Technical Analyst, Emkay Global Financial Services and Trainer- FinLearn Academy, said.
Profit margins of 7 BSE500 cos up for 4 straight quarters! Here’s how their stocks performed
Once shunned, Coal India is now a sought after stock. The scrip has climbed 56.93 per cent to Rs 229.20 a piece this year. The company reported a profit margin of 25.24 per cent in June quarter, 20.52 per cent in March, 16.03 per cent in December 2021, 12.61 per cent in September and 12.55 […]
Teachers’ Day: 5 timeless investing lessons from the masters of stock market
During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted.