The index, which has been outperforming the benchmark index Nifty, surpassed the levels of 40,000 and formed a sizable bullish candle. Moreover, all components of the index ended in the green. Analysts see Nifty Bank having support at 39,000 levels and resistance at 40,700 levels. Momentum oscillators are in the strong buy zone and the […]
According to the report, households accounting for 44-45 per cent of the GVA have witnessed a decline in nominal wage growth to 5.7 per cent during FY17-FY21 from a high of 8.2 per cent during FY12-16, implying that wage growth in real terms is close to just about 1 per cent.
As per a release by the Department of revenue ,under the Ministry of Finance, the 20 per cent levy will be levied on export of rice in the husk (paddy or rough), husked brown rice, semi-milled or wholly-milled rice, whether or not polished or gazed (other than Parboiled rice and Basmati rice).
Weakness, Mohammad said, shall not be expected unless Nifty50 closes below 17,650. Therefore, traders with high risk-taking ability can buy the dips for a target of 17,990, but the stop shall remain below the 17,650 level, he said.
The new LLF framework approved by the Union Cabinet proposes LLF to be charged for 35 years at 1.5 per cent of the market value of land per annum as against 6 per cent in the existing policy. The bidding mechanism will be carried out for 300 new PM Gati Shakti Cargo terminals that are […]
“A technical correction in the form of profit booking followed and after the Covid event, the stock made a low of Rs 33.70 in March 20. Value buying followed and the stock gave a V-shaped recovery up move and made a high of Rs 153.40 in November 2021 but failed to cross its all-time high,” […]
The fall in yields has been driven by rising hopes of an index inclusion, which could lead to around $30 billion in passive flows, and the recent drop in oil prices.
We analyse Nifty 500 companies which turned into profit-making in the recent quarter as compared to their sequential quarter where they have posted losses. To check which stocks got good momentum after turning into profit, we drill down the list further and consider only stocks which have gained over 25 per cent in just over […]
Domestic equity markets have remained under pressure lately with benchmark indices not being able to hold gains. However, analysts suggest that select stocks can deliver strong returns in the near term.
About a week ago, the defence ministry approved the sixth Positive Indigenization List (PIL) of 780 items, which will further curtail defence imports. The share of imports, which is about 35 per cent of the total defence procurement budget, has come down in the last two to three years.