“Nifty is closer to 11,100 in very near term and could consolidate and move up in next few days.”
The improvement in lifestyle has increased the demand for packaged products.
I would avoid Bharti and Idea. Reliance looks interesting among telecom stocks, says Shah.
Nifty50 is facing resistance at 50 per cent retracement levels.
Adjudication proceedings were started in 2017 for alleged violation of PIT in case of Geometric Ltd.
Banks had however lent support to NBFCs by purchasing loan portfolio from them to help them tide over in liquidity crunch.
The number of stocks in the CPSE index has increased to 11 from 10 with the entry of four new companies.
Sale received bids worth Rs 13,000 cr; EPFO, ICICI, Axis and Kotak are said to have invested the bonds
Alleged irregularities in raising funds through FCCBs are likely to be probed by the watchdog, said sources.
The foreign exchange reserves stood at USD 424.54 billion as on March 31, 2018.
For non-agricultural commodities, the revised timings will be from 9 am to 11.55 pm.
It said YES Bank's conditions are somewhat similar to ICICI Bank.
An overwhelming response to an earlier sale of perpetual bonds by SBI too helped turn sentiment around.
Now, it has to continue to hold above 10,777-10,800 zones to extend its move towards 10,929.
As for International Financial Services Centre (IFSC), Subbaraman called it as starting of a journey.
The fund house received 1.25 lakh application received till 5 pm.
A large bullish candle on the weekly scale suggests the bulls are still holding a tight grip.
Real estate has been under pressure over the last 10 years now.
Investors tracked key economic data, including GDP numbers of the second quarter and October fiscal deficit print.
Headline indices Sensex and Nifty extended bullish run to the fourth consecutive session on Thursday.
We are finding more earnings growth stories in the domestic sides of the market, says Shah
The BSE Sensex climbed 24 points, or 0.07 per cent, to 36,194.
Smallcaps are like VC investing, you can only enter, you cannot exit, says First Global Vice Chairman.
There is no skill if one gets one out of 20 investment bets right, he emphasised.
At the moment we will work with what we have and ensure that that it is a success, says Narayanan.