During the week ending December 17, the market corrected practically every day, bringing the benchmark indexes’ total weekly loss to 3%. As a consequence, bearish candle formation appeared on weekly charts, signaling market bearishness. Experts believe the index will be dragged towards the recent low of 16,782 levels, and if this level is broken, a …
Indian stocks trade under pressure at the stock witness sell-off right after a gap up opening on Friday, the 17th December 2021. The alerted investors seem to be booking their profits in the long rally after the rise in Omicron cases are being reported. All Asian shares trade under pressure. The flagship index of the National Stock …
An Overview Fear has gripped the Indian equity market trader community. SEBI consultation paper on algorithmic or algo trading is the catalyst. The regulation raises concerns about how algo trading is marketed to novice investors. The old guards are concerned that the regulator would throw the algo baby out with the bathwater and, rather than …
The impact of the new Covid-19 variant, Omicron, may reportedly be not as severe on the country’s economy, according to the latest economic review from the government. The report notes that although it does pose some risk to the current recovery on the global scale, its impact may not be as adverse on India’s economy …
Headwinds from the outside continue to pose a threat. Global commodity prices are still high (although oil prices have dropped slightly), and the US Federal Reserve has begun to reduce its asset purchases. Despite a favourable base and petroleum tax decrease, retail inflation surged to a three-month high of 4.91 percent in November, as core …
Today, on the 14th of December 2021, the shares of the private wealth management company, Anand Rathi Wealth, are listed on the stock exchanges at Rs. 602, giving profits of more than 9% on the issue price of Rs. 550. Private wealth is a type of investment management service that offers clients a suite of …
Telecom company Bharti Airtel brought the curtains down on a low-tariff era when it hiked tariffs on its prepaid services by nearly 20 to 25 per cent as it reportedly aims to increase its average revenue per user (ARPU). The tariff hike came into effect from November 26 but immediately after the announcement, on November 21, …
The Reserve Bank of India (RBI) has reportedly given the go-ahead to state-owned insurer LIC to double its holding in IndusInd Bank to nearly 10 per cent (9.99 pc). The LIC stake in the private bank was 4.95 per cent thus far, as per reports. According to a regulatory filing by the bank, this approval has …
An Overview DSP Nifty Midcap 150 Quality 50 ETF is a low-cost passive product for midcap investors looking for a low-cost passive product. Investing in midcaps now is more expensive than it has ever been, thus wealth managers suggest staggered timing for purchases. The closing date for the new fund offer is December 17. The …
Seven of the top-10 companies in the Indian markets gained in market valuation last week. Reliance Industries led the group of top valued blue-chip companies. Among the gainers were the State Bank of India, HDFC Bank, HDFC, ICICI Bank, Bajaj Finance, and Infosys. With over Rs. 1.35 lakh crore addition in the market capitalization of …
