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Sebi levies Rs 50 lakh fine on 5 entities, also bans them from securities market
Sebi in its investigation noted that they are repeatedly executing synchronised trades and created a misleading appearance of trading in the scrip without any intention of change in ownership of the security.
Ahead of Market: 12 things that will decide stock action on Thursday
Palak Kothari of Choice Broking said that Nifty50 has immediate support at the 18,200 level while the upside resistance is intact at the 18600-level.
Trade Setup: Nifty to remain range-bound; 18500 level may act as key resistance point
There are possibilities of Nifty50 trying to get some stability after two days of wide-ranging moves. The levels of 18290 and 18335 are likely to act as resistance. The supports are likely to come in at 18200 and 18165.
Tata Steel looks well placed amid sustained demand, cost advantage
Tata Steel is the lowest cost steel producer in the world thanks to captive iron ore and coal mines. It will therefore be least impacted by the rise in input prices.
Day Trading Guide: 2 stocks recommendations for Thursday
Nifty filled its upward gap which it formed on October 18. Sustenance above 18,200 is likely to attract minor consolidation, whereas any decisive break below 18,200 could extend this week's decline.
S&P 500, Dow near record highs on solid forecasts from healthcare firms
The Dow Jones Industrials Average was just short of all-time highs reached in mid-August, while the benchmark S&P 500 index traded 0.2 per cent below its early September record.
BULL'S EYE
Taliban official: At least 100 dead, wounded in Afghan blast
Sustainability at Tokyo Olympic 2020
21 stocks sending out weak signals on MACD charts
Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints,
Dolly Khanna exits her long-term stock bet Nocil
Dolly Khanna was gradually trimming her stake in the company since holding 2.14 per cent stake in
Where is Nifty Bank headed? Analysts decode
Analysts believe that buying the dip in banking stocks may not be the most prudent strategy for i
PSU stocks that SBI MF bought and sold in March
SAIL shares have been in heavy demand recently, as steel companies hiked prices on the back of a
Lockdowns may spell more trouble for 2-wheeler stocks
Over the past few days, five states accounting for nearly 30% of the country’s bike sales volume,
Nifty can crash up to 1,000 pts, analysts warn
Covid 2.0 has jolted investors’ conviction, analysts said and suggested the projections of a soli
When investors mistook an NBFC stock for oxygen maker
Stocks such as Linde India, Bhagwati Oxygen and National Oxygen have soared over the past two wee
Market Movers
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Tech View: Nifty50 slips below 5-day SMA, hints at further weakness
The 14-day relative strength index (RSI) has slipped from an overbought zone (70) and Stochastic suggests negative crossover. Analysts said the index has support at 18,200 level while they see 18,600 as a key hurdle for the index.
Biggest gainers & losers of the day: IRCTC bleeds 17%, TCI zooms 19%
IRCTC continued its freefall after the F&O ban, whereas Chemical stocks bled amidst the expectation of a flop shop in Q2. TCI led the gainers, whereas Vodafone Idea was on a roll after the company announced to opt for a moratorium for the dues.
Market Movers: Momentum stocks take a bruising as retail investors seek exit
The losses were led by some of the most popular names among retail investors such as IRCTC, Deepak Nitrite, Navin Fluorine, Balrampur Chini and Dixon Technologies. The sudden selling was triggered as retail investors rushed for the door in anticipation of further losses in the market in the coming days.
UBS says India's equity valuations are unattractive, double upgrades China
In a note, UBS said India, along with Taiwan and Australia, look unattractive, especially on the valuations front, even as it is positive on ASEAN.
Sensex plunges 456 pts; Nifty slumps below 18,300; metals, energy stocks drag
The BSE Sensex slumped 456 points on Wednesday, tracking losses in index majors Reliance Industries, Infosys and ICICI Bank as market participants continued to book profits at high levels. The 30-share index ended 456.09 points or 0.74 per cent lower at 61,259.96. Similarly, the NSE Nifty dropped 152.15 points or 0.83 per cent to 18,266.60.
Check out how Bank Nifty stocks are faring according to analysts
Below is a list of average scores assigned to all stocks in Bank Nifty.
Nifty, Sensex end lower for second day as retail sentiment sours
The Nifty50 index closed 0.8 per cent lower at 18,266.60 points, while the BSE-Sensex ended at 61,259.96 points, down 0.7 per cent.
Mukul Agrawal buys fresh stake in 15 new stocks, exits 6 others
Among the new buys, Agrawal bought 14,00,083 equity shares or 1.05 per cent stake in Radico Khaitan during July-September period. His stake in the brewery player is worth Rs 156 crore.
BofA survey shows fund managers worried about growth expectations
Cash levels are at a one-year high while growth expectations are the weakest since April 2020, the survey showed.
Tobacco tax concern may weigh on ITC shares till Budget
Analysts at Jefferies said that while there is no visibility on the outcome, the news flow has raised uncertainty till the Budget, keeping ITC range-bound.