The Nifty50 index is likely to float in the range starting from 8,200 on the downside and can go upwards till 11,900 on the upside, which means a new record high for the index is possible. With Lok Sabha elections 2019 just around the corner, investors are skeptical of putting fresh money into equity market….Continue Reading
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With lots of ups and downs in 30 years, Rs 1 Lakh invested in Kotak Mahindra Bank (KMB) would be worth Rs 2,000 Crore. That’s an astonishing rise of 1,99,99,900 percent. Really amazing. Isn’t it? Besides, who doesn’t love to own such companies? Almost all of us. That’s what stock market can do to your…Continue Reading
Here are stocks that are in the news today: LIC Housing Finance: V K Sharma resigned as Chairman of the company. NMDC to consider the proposal for buy-back of the fully paid-up equity shares on January 8 Coal India December coal production at 54.13 million tons versus 54.63 million tons Weizmann Forex Promoters intended to sell…Continue Reading
Nifty PSU Bank index surged 2.7% to 3,022, its highest level since September 17, 2018, in intra-day trade on Thursday, rallying 10% from its Tuesday’s low of 2,747 on the NSE. Shares of public sector undertaking (PSU) banks were trading higher for the third straight session on Thursday, with the Nifty PSU Bank index gaining…Continue Reading
Bulls were back on Dalal Street on Wednesday after the outcome of state elections ended political uncertainties and the appointment of new RBI Governor Shaktikanta Das. Major factors that are driving Nifty, Sensex higher today: Global Cues: Asian markets were trading higher after a news report indicated that China is expected to cut tariffs on…Continue Reading
An exit poll indicates a tight race between BJP and Congress in Madhya Pradesh and Chhattisgarh. The election results for five states will be declared tomorrow. Weak global markets and uncertainty over the outcome of state election results sent Indian markets sharply lower today. The Sensex slumped 550 points to 35,123 while Nifty traded below…Continue Reading
The results of state elections in Chhattisgarh, Madhya Pradesh, and Rajasthan, where BJP is the existing political party, will be keenly watched by market participants. The Sensex, which rose around 5% in November, has lost almost 2% thus far in December due to weak global cues and uncertainty around the results of the five state…Continue Reading
Eyes On 7 Most Important Dates For Stock Market In December 2018.(From RBI Policy Meet To Election Results).
Indian stock market has been tremendously volatile in the 11 months of the current year 2018. The key equity indices Sensex & nifty have managed a post a return of 3-7 percent. Some factors kept the uncertainty alive amongst the market participants so far this year. Factors are as follows: US-China trade war. IL & FS debt…Continue Reading
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On Friday, Tata Steel GDR price fell sharply by 12.81% on the London Stock Exchange.ThyssenKrupp top executive repeated that the merger of the European steel operations is growing well. Tata Group Senior executive said that “There is hardly any liquidity in the GDR market and most of it has got fungible with the underlying Indian…Continue Reading