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Trade Setup: Hurdles Ahead for Nifty, Focus on Position

nifty-may-continue-to-face-hurdlesOn Thursday, the domestic stock market witness volatile expiry day trade. The market had a negative start but soon traded in the green. Nifty gave up on recovery today and witnessed a decline and testing lows. Though Nifty recovered in the second half of the trading session but Index finally closed at 10288.90 down by 16.40 points or 0.16 per cent.

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Business News Domestic Markets News Stocks

Share Market Update: Pharma Shares Gains; Cipla Advanced 4 per cent

pharma-shares-advance

New Delhi: On Monday’s session, Pharmaceutical shares again traded higher with their sectoral index advances. Around 11:45 AM, the Nifty pharma index was trading at 10241.95 points up by 2.4 per cent.

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Business News Domestic Markets News Stocks

Glenmark Pharma gush 35%, Biggest Intraday Rise in Covid-19 Drug Launch History

biggest-intraday-riseIn Monday trade, Glenmark Pharma shares saw a spout of 35 per cent after the announcement of launching an antiviral drug Favipiravir, under FabiFlu brand name on Saturday to treat mild to moderate Covid-19 patients at a price of Rs 103per tablet.

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Business News Domestic Markets News Stocks

Tech View: Nifty Topped 100 Day SMA, New Expectations of Recent High at 10,328

nifty-takes-out-100-day-smaNew Delhi: On Friday, Nifty50 takes out 100-Day Simple Moving Average (SMA) at 10,200 points. There now much on lines after following a hurdle breach at 10,000 level in Thursday’s session. Analysts expect the index to reach the recent high of 10,328 or could also reach 10,550 points in the short run. Next week immediate support will be at 10,100 points for Nifty50.

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Business News Domestic Markets News Stocks

Share Market Update: 56 Stocks Made New 52-Week Highs on NSE Chart

56-stocks-hit-52-week-highsNew Delhi: On Thursday share market session, about 56 stocks hit their 52 weeks high on NSE.

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Bonds Business News Markets

IRB Infra to Raise Rs 750 Crore through Debentures

irb-infra-to-raise-rs-750-crore-via-debenturesNew Delhi: On Tuesday, IRB Infrastructure Developers said they are planning to raise Rs 750 crore via allotment of non-convertible debentures on a private placement basis to Anahera Investment Pte Ltd.

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Business News Domestic Markets News Stocks

Tech View: Nifty50 Stumbles at 10k, Inside Bar Signals Dark Clouds

nifty50-stumbles-at-10k-forms-inside-bar-warning-bullsNew Delhi: Another day in the stock market where Nifty50 flirted with key hurdles at 10,000 points, before losing intraday gains.

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Bonds Business News Markets

Ashok Leyland Considers Plan to Raise Rs 200 Crore

ashok-leyland-board-to-consider-plan-to-raise-rs-200-crore-this-weekNew Delhi: Hinduja Group flagship Ashok Leyland board on Tuesday said, meeting with board members later this week to discuss a plan of issuing securities to raise Rs 200 crore.

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Saudi Arabia’s PIF to buy 2.33% Stake in RIL’s Jio for $1.5 Billion

saudi-arabias-pif-set-to-pick-up-2-33-stake-in-rils-jio

Mumbai: Reliance Industries to sell out 2.33% share of RIL’s Jio to Saudi Arabia’s wealth fund Public Investment for $1.5 billion, Gulf News reported on Monday.

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Tech View: After Very Smart Rebounding, Nifty 50 Signals Consolidation

tech-view-after-very-smart-rebounding-nifty-50-signals-consolidationNew Delhi: On Friday, Nifty50 tested 9,550 points before staging a smart rebound. At a time of a day, it almost looked like the index would hit the 10,000 points but it missed by a very small difference. The index closed at 9,972 level up by 0.72 per cent or 70.90 points.