Crude oil up as US imposes sanctions on oil tankers carrying Russian consignments
[ad_1] Crude oil futures traded higher on Friday morning as the US imposed the first sanctions on owners of tankers carrying Russian oil priced above $60 a barrel to punish seaborne oil exports from Russia. At 9.52 am on Friday, December Brent oil futures were at $86.58, up by 0.67 per cent, and November crude […]
Groww overtakes Zerodha to become number one broker in terms of active clients
[ad_1] Discount broker Groww has nudged past Zerodha to become the country’s largest broker in terms of number of active investors. Groww had 66.28 lakh active investors at the end of September, with a 19.9 per cent market share. Zerodha had 64.79 lakh investors, with a 19.4 per cent market share in the same period. […]
TCS Q2 results: Muted as expected
[ad_1] September quarter revenue growth for TCS in constant currency (CC) terms was at just 2.8 per cent. Same time last year, it was at 15.5 per cent. This reflects a stark deceleration or a near halt of the post-Covid growth that had earlier buoyed sentiment around the sector. However, these results were not unexpected. […]
MF equity inflows dip 31% on profit-booking in September
[ad_1] Inflows into equity schemes dipped 31 per cent in September to ₹14,019 crore against ₹20,245 crore in August as investors preferred to book profits given the global economic uncertainty. The unique investors identified by individual PAN in industry touched a high of 4 crore, per the data released by the Association of Mutual Funds […]
MCX to launch new trading platform on Oct 16
[ad_1] MCX, the country’s largest commodity exchange, will go live with the new Commodity Derivatives Platform from October 16. The new trading platform developed by TCS will replace the current one, in existence since start of the exchange by Financial Technologies (now 63 moons). The exchange will conduct mock trading on October 15 in order […]
Stocks that will see action today: October 10, 2023
[ad_1] Vedanta Ltd on Monday said the tax authorities have imposed a penalty of Rs 1.81 crore on its subsidiary Hindustan Zinc. The order was received on Sunday, October 8, Vedanta Ltd informed the exchanges. Aditya Birla Sun Life Asset Management Company has appointed Harish Krishnan as its Co-Chief Investment Officer and Head of Equity. […]
Ajay Jhunjhunwala re-elected SEA President
[ad_1] Ajay Jhunjhunwala, Managing Director (MD) of JR Agro Industries Pvt Ltd, Lucknow, has been re-elected as the President of the Solvent Extractors’ Association of India (SEA) for 2023-24 at the recent annual general meeting of SEA. A media statement said JR Agro Industries Pvt Ltd is engaged in the business of rice bran processing, […]
AIFs in a bind as SEBI’s demat deadline looms
[ad_1] Alternative investment funds (AIFs) are in a bind over the market regulator’s diktat to dematerialise units of funds with a corpus of ₹500 crore or more by October 31. Less than five per cent of these funds have dematerialised their units, according to people in the know. Those that haven’t are still liasoning with […]
Quarterly earnings, macroeconomic data, global trends to drive markets this week: Analysts
[ad_1] Quarterly earnings from IT majors Tata Consultancy Services (TCS), Infosys, macroeconomic data announcements, global trends and trading activity of foreign investors would guide the movement in the equity market this week, analysts said. Movement of global oil benchmark Brent crude and the rupee will also influence trading in the markets. “All eyes will be […]
.jpg "Technical Analysis: Tata Power, Delta Corp, and Polyplex Corporation")
Technical Analysis: Tata Power, Delta Corp, and Polyplex Corporation
[ad_1] I have shares of Tata Power bought at ₹290. Please advise whether to hold this stock or exit. Sanjay Tata Power (₹259): The trend has been up since May 2020. After an intermediate correction, the stock of Tata Power has resumed its uptrend in April this year. Support is in the ₹230-220 region. Moving Average crossover […]