Some of the new projects planned include creating an Expressway grid comprising 6-8 lanes that connects all districts of the state. State government officials said nine new Expressways were being planned, one of which is going to be the Pune-Nashik eight-lane Expressway. The estimated cost of these nine expressways could be around Rs 2.35 lakh […]
The index breached its important support levels, and pullback rallies should be utilized to initiate fresh short positions. The higher-end resistance is visible at the 39,500-40,000 zone, and the next support is seen at the 38,000 level.
“We have to be careful now. After a 35% fall, the brokerages are now coming out with caution notes. We need to be still cautious there but as the management and the analysts turn cautious, in the next three-four months, we might actually get opportunities to buy into these stocks.”
Gold trades at a discount in India. Should you buy the yellow metal now as the festive season kicks off?
In the international markets, gold prices have been struggling near two-and-a-half-year lows, but the bullion is trading about a per cent higher or up by Rs 226 at Rs 49,628 on MCX. Spot prices of gold were around Rs 49,500 on Monday.
“One should remain invested and six months from now, if one is unhappy, then one must extend the time horizon as it is going to be a good journey. There could be one-off events which will keep hurting or impacting the markets but one has to stay invested in equities. This is a good time […]
The Nifty50 index plunged by more than 1 per cent for the second consecutive day in a row, and it looks like the index officially entered a ‘sell on rise’ zone.Crucial support for the index is at 200-DMA around 17,000, then at 16,800, while 17,200-17,500 will likely act as a hurdle, suggest experts. A pullback […]
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The relative strength index (RSI) is at 33.1. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is below its signal and center line, this is a strong bearish indicator.
Equity strategist Kranthi Bathini of Wealth Mills Securities, said as the FIIs have already withdrawn a substantial amount of funds from the Indian market already, the selling pressure is going to be limited.
Despite the volatile market situation, IPO Street continues to see fresh offerings from diverse sectors. Dalal Street is heading for a busy time as 13 small and medium enterprises (SME) IPOs are approaching the primary market this week.Further, the SME IPO of Mafia Trends will close for subscription this week on September 27, which opened […]