KPIT Tech saw a respectable increase following its breakout above the Rs 1,280 mark. The stocks have near-term support at about Rs. 1,420, and the next near-term target is visible at about Rs. 1,680-1700. OVERVIEW On Monday, domestic indices continued to decline into the second session due to profit-booking in some sectors and a dearth…
Today’s opening of the Nifty 50 and Sensex Indian stock market indices is probably going to be higher, tracking gains in global peers. The trends observed on Gift Nifty suggest that the Indian benchmark index is off to a good start. In contrast to the previous close of 19,750 for the Nifty futures, the Gift…
Sensex: On Monday, Indian shares fell, weighed down by losses in banking and financial stocks as investors assessed the impact of the central bank’s stricter rules for personal loans on lenders. As of 10:20 a.m. IST, the NSE Nifty 50 index and the S&P BSE Sensex were both flat at 19,731 and 65,746, respectively. The…
Currency: The Indian rupee was trading flat against the US dollar in early trade on Monday, despite a downward trend in domestic equities and continued dollar demand from importers. The local currency opened three paise higher at 83.24 per dollar, up from the previous close of 83.27. The dollar index, which measures the strength of…
Tata Technologies: On Monday, shares of Tata Investment Corporation continued their incredible rally for the second day in a row, rising more than 15% to reach a 52-week high. The price of a Tata Investment share on the BSE surged by 15.79% to a new high of ₹4,521.90 per share. The price of Tata Investment…
Since reaching a 52-week high of Rs 443.60 on September 15 of this year, Wipro shares have decreased 11%. On January 3, 2022, the IT stock reached an all-time high of Rs 726.70. After a 40% decline in the IT stock, Wipro Ltd. shares have left long-term investors unsure of whether to hold or sell…
Tata Technologies IPO: On November 22, 2023, a Wednesday of the following week, Tata Technologies Ltd.’s initial public offering is scheduled to launch on the Indian primary market. Tata Technologies’ IPO price range has been set by the Tata group company at ₹475 to ₹500 per equity share. Ahead of the subscription opening date for…
India saw an increase of 29.89% in oil meal exports in the first seven months of 2023–24, from 19.75 lakh tonnes (lt) in the same period in 2022–23 to 25.66 lakh tonnes (lt). In October 2023, the Solvent Extractors’ Association of India (SEA) reported that oilmeal exports reached 2.89 lt, up 36% year-over-year (y-o-y), from…
For its three equity schemes Invesco India Growth Opportunities Fund, Invesco India Midcap Fund, and Invesco India Smallcap Fund Invesco Mutual Fund has changed a few fund managers. The following are the changes in management positions within these funds: Growth Opportunities Fund for Invesco India: Aditya Khemani and Amit Ganatra, the former fund manager, now…
Axis Bank and the gold loan company Manappuram Finance were fined Rs 90.92 lakh and Rs 42.78 lakh, respectively, by the RBI for breaking certain directives from the watchdog of the banking industry. Axis Bank and the gold loan company Manappuram Finance were fined Rs 90.92 lakh and Rs 42.78 lakh, respectively, by the Reserve…
