The Nifty50 opened with a relatively flat stance at 20932.40, revealing a hammer candle similar to the previous day. This pattern indicates an ongoing battle between market bulls and bears. Interestingly, Nifty did not establish a new all-time high for the first time in the last three sessions. Despite a flat opening, the market remained …
Stocks/Share Market - Angel One

Penny stocks to watch out for tomorrow, 8 December 2023
7 December 2023During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index gaining 0.52% and the Nifty-50 Index gaining 0.40%. Additionally, the Nifty Mid-cap Index experienced a modest increase of 0.25%, whereas the Nifty Small-cap Index exhibited significant growth, finishing the session up by 0.38%. Nifty Consumer …

After CAMs, Warburg Pincus divests its stake in Bharti Airtel & IDFC First Bank
7 December 2023Warburg Pincus, the US-based private equity giant, is making waves both in India and across the broader Asian market. After successfully exiting CAMS with a staggering fourfold return on its investment, the firm is now poised to divest its stakes in two major Indian companies: Bharti Airtel and IDFC First Bank. This strategic move, potentially …

Rising channel pattern: Shares of MRF trading at its all-time high
7 December 2023MRF Ltd is a breakout candidate for today and may lead to record new milestones in the coming time. The stock price is currently trading at Rs 1,17,093 and has witnessed the formation of a rising channel chart pattern. The RSI, ADX, and other parameters of technical analysis are in sync with the breakout. Ascending …

Sadhana Nitro Chem: Analysing the green hydrogen venture and strategic rights issue
7 December 2023A Sustainable Step Forward Sadhana Nitro Chem Ltd., a leading manufacturer of intermediate speciality chemicals, has embarked on a groundbreaking initiative to enter the green hydrogen market. The company plans to build a 15-20 MW green hydrogen facility powered by solar and wind energy, primarily for captive use at its existing plant and expansion of …

Top gainers and losers on the BSE Sensex index are as follows
7 December 2023On Thursday, the benchmark indices were trading lower with the Sensex down around 47 points or 0.08% at 69,607 while the Nifty-50 down around 6 points or 0.03% at 20,934. About 2,119 shares have advanced, 1,355 declined, and 163 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …

Tata Power hits the significant milestone of Rs. 300 per share; do you own it?
7 December 2023Tata Power, a prominent Tata Group company, is primarily involved in the generation, transmission, and distribution of electricity. The company experienced a significant surge in its share price today, surpassing a significant milestone by exceeding Rs 300 per share. At the beginning of today’s trading session, the stock opened at Rs 295.90 per share, indicating …

Shares of PFC gain after its arm incorporates a wholly-owned subsidiary
6 December 2023About the project Power Finance Corporation’s (PFC) wholly-owned subsidiary — PFC Consulting (PFCCL) has incorporated a Special Purpose Vehicle (SPV) as its wholly-owned subsidiary (WOS) namely Gola B – Ramgarh B Transmission for developing the Intra-State transmission system consisting of i) 400/220/132/33 KV SS at Gola-B along with associated transmission lines and (ii) 220/33 KV …

Indian stock market hits the $4 trillion valuation mark, closing in on the Hang Seng index of Hong Kong
6 December 2023In a significant milestone, India’s stock market achieved a historic feat by surpassing the $4 trillion valuation mark, underscoring its ascent as the world’s fifth-largest equity market. This remarkable achievement, accomplished in less than three years, positions India in close contention with Hong Kong, highlighting the dynamic growth and resilience of its equity landscape. Market …

Top 10 Multinational Companies in India
6 December 2023A multinational corporation is a company that operates in multiple countries by establishing subsidiaries in various regions. The operations are coordinated from headquarters in the parent country. These companies possess assets and generate revenues on a global scale, and their stakeholders originate from different nations. India has become an attractive destination for leading multinational corporations …

