Day Trading Guide for May 31, 2023
₹1637 • HDFC Bank S1 S2 R1 R2 COMMENT 1630 1615 1655 1670 Go long now and at 1630. Keep the stop-loss at 1625 ₹1323 • Infosys S1 S2 R1 R2 COMMENT 1310 1300 1330 1360 Wait for dips. Go long at 1305. Keep the stop-loss at 1295 ₹450 • ITC S1 S2 R1 R2 […]
India plans smaller refineries to achieve 450 mmtpa refining capacity: Hardeep Singh Puri
India is looking to set up smaller petroleum refineries to achieve 450 million metric tonne per annum refining capacity in the country, Oil Minister Hardeep Singh Puri said on Tuesday. Addressing an energy summit organised by Indo-American Chamber of Commerce and Industry here, Puri said smaller refineries pose lesser hurdles like land acquisition and others. […]
BSE, NSE put NDTV under short-term ASM framework
Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group company, under the short-term ASM framework from Tuesday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. New Delhi Television Ltd (NDTV) is shortlisted in the short-term […]
Sensex, Nifty open higher on US debt ceiling deal
Indian shares advanced on Monday, led by an uptick in financials while improved global cues due to a weekend debt ceiling deal in the US added heft. The blue-chip Nifty 50 index was up 0.63 per cent at 18,616, while the benchmark S&P BSE Sensex rose 0.70 per cent to 62,939.10 in early trade. Ten […]
IEX’s wait for regulators’ nod for launching derivatives continues
Indian Energy Exchange (IEX) has been waiting for the report of a committee formed by SEBI and CERC to evolve a framework for trading in energy derivatives. Once the framework is in place, India’s premier energy exchange intends to launch a derivative product, a source in the company told businessline. IEX would have launched derivatives […]
Mutual fund equity assets up 4 per cent in April, even as inflows dip
Notwithstanding a volatile market, the top 20 mutual funds recorded a four per cent month-on-month gain in equity investments, including hybrid and other schemes, to Rs 22.14 lakh crore in April. SBI Mutual Fund and Axis MF topped the table with a 5 per cent gain each in equity assets to Rs 4.78 lakh crore […]
CFOs to be blamed for most of frauds, says Sebi WTM Mohanty
Chief financial officers are responsible for most of the frauds that have been witnessed in India, a senior official from SEBI said on Friday, citing an analysis done by the capital markets regulator. The role of the CFOs extends much beyond keeping accounts of the business, and SEBI looks at them as “critical gatekeepers for […]
Indian Bank empanelled as a Clearing and Settlement Bank with ICCL
Indian Bank on Friday said it has been empanelled as a Clearing and Settlement Bank with the Indian Clearing Corporation Ltd (ICCL). The public sector bank can now facilitate banking services to members of BSE for clearing and settlement operations. “Now, the clearing members can open settlement accounts with the Bank for funds settlement under […]
FYERS suffers technical glitch causing nervous moments to traders
Discount broker FYERS is the latest to suffer a technical glitch. On Thursday, when traders were busy on the monthly expiry day of F&O on the NSE, FYERS witnessed a snag due to intermittent leased line disconnection from the primary Internet Service Provider (ISP) at the NSE’s Mumbai location. Earlier, another brokerage Shoonya suffered trading […]
Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak: Source
India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp […]