When we were young, our elders often told us the story of the man who put all his eggs in one basket. If you’re unfamiliar with the story, it goes something like this: A farmer has a coop with plenty of hens who each lay a single egg. While collecting their eggs, the farmer gathers …
The government noted on 7th January, 2023 that it had received several EOIs (or Expressions of Interest) for the disinvestment of its stake (as well as that of the LIC) in the Industrial Development Bank of India. The announcement was made, including through a tweet, by the Department of Investment and Public Asset Management. The …
Increase in Nifty The Nifty50 has reached a record high of ₹18,614.25 at around 13:45 hrs on 28th Nov, 2022. The NSE index had opened at ₹18430.55 – its day’s low has so far been at ₹18,365.60. Fig. 1: Nifty chart on Angel One app Subsequently, Nifty call options have increased in price in the …
Introduction India’s largest software consultancy services exporter Tata Consultancy Services (TCS) has released its Q2 report card for the period ending in 30th September, 2022. The report shows the company’s performance to exceed all expectations with an increase in revenue from operations of 18% YoY, standing at ₹55,309 cr – much higher than the ₹46,867 …
Social Stock Exchange is slowly evolving as a potential funding mechanism for a lot of non-profit organisations. In India, many NPOs face trust deficits which prevent them from doing many social activities. SSE was introduced to reduce this problem so that NPOs face fewer challenges to operate. SSE is formed with the intent to give …
Though in the month of September we saw a rise in Nifty Auto stock, however, in the month of November, it has gone down marginally. In the month of September, it reached an All-Time High of 13,315.50. In the month of November, it has come down to 12,934.85. For those of you who would like …
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated the dematerialisation of a new insurance policy by December 2022. The existing/old policies should also be mandatorily dematerialised by 2023. It has been stated by the IRDAI that eKYC will also become mandatory starting from Nov 1. This will additionally be helpful for dematerialising …
NIFTY 50 is scheduled for a semi-annual rejig and may see a few changes in its composition. Adani Enterprise, another Adani Group company, is likely to see an inclusion in the index and replace Kolkata-based Shree Cement. The changes will be announced in August and will come into effect from September 2022. What is NIFTY …
On the early morning of August 14, 2022, India was shocked by the news of Rakesh Junjhunwala’s demise. He was India’s ace investor and fondly called the big bull of Dalal Street. Let’s look at the life and legacy of Rakesh Jhunjhunwala and try to take a leaf or two from his investment book. Early …
Below was our analysis for this expiry: Chart Analysis Nifty CMP: 17534 Time Frame Trend CandleStick RSI Resistance Support Monthly Bullish Neutral 63 (Neutral to Overbought) 18000 16000 Weekly Bullish Bullish 58 (Neutral) R1 -18000 R2 -18300 S1 – 16600 S2 – 16000 Daily Bullish Neutral 76 (Overbought) R1 -17500 R2 -17750 S1 – 17150 …
