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Today’s Market Summarised Nifty opened the day flat at 14,597 and was looking weak from the start. After taking a clear resistance at yesterday’s high, the index started its downward journey. 14,500 was broken soon, and just after 1:30 pm, Nifty witnessed a fairly large fall. The index fell almost 180 points in 40 minutes. […]
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News Shots Joe Biden unveils plan to pump US $1.9 trillion into pandemic-hit economy, in a major move. Even after such positive news, global markets are down. The government’s sale of its 5% shareholding in India’s largest steelmaker SAIL was oversubscribed 3.6 times on the first day of its opening yesterday. Happy with the response, […]
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Today’s Market Summarised Nifty opened the day almost flat at 14,550 and as we mentioned in our pre-market report, Nifty consolidated well within our range and closed just below 14600. After falling in the opening minutes, the index regained and eventually broke day’s high. Nifty closed at 14,595, up by 0.21% or 30 points. Today, […]
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Today’s Market Summarised Nifty opened the day with gap-up at 14,644 and struggled to go up. With IT pulling down the index and banks trying to push it up, Nifty consolidated for a good 45 minutes before losing steam. After falling slowly, the index fell sharply around 1:30 pm and touched a day low of […]
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News Shots Tata Elxsi net profit has increased 39.5% YoY to Rs 105.2 crore for the December 2020 quarter. Tech Mahindra to acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for $9 million (about Rs 66 crore). State-owned power producer SJVN has approved a proposal to raise up to Rs […]
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News Shots Tata Motors has denied the reports which claimed that they are partnering with Tesla to drive operations in India. Jaguar Land Rover reported a second successive quarter-on-quarter recovery in retail sales in 2020. The retail sales rose 13.1% to 1.28 lakh units from 1.13 lakh units in the preceding quarter but declined 9% […]
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News Shots Reliance Retail Limited, a subsidiary of Reliance Industries Limited, has signed a deal with farmers from Sindhanur taluk in Karnataka’s Raichur district for the purchase of 1,000 quintals of Sona Masoori rice, at a price higher than the MSP (Minimum Support Price). Avenue Supermarts Ltd, the listed company which owns and operates retail […]
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News Shots Finally, United States President Donald Trump conceded election defeat yesterday and promised orderly transition on January 20, when President-elect Joe Biden will be sworn-in as the 46th US President. TCS will announce Q3 results today. Net profit without considering one-off legal expenses in the previous quarter may show weakness in the third quarter […]