View on market: Stay Cautious, be with quality business: Chinese technology shares are set to rally Wednesday as a reorganization of Alibaba provides a bright spot in Asian stocks following a decline in U.S. equities. On the other hand, a slide in technology shares halted a three-day advance…
NIFTY: The NIFTY opened at 16984.30 with a gap up of 39 points. The index initially moved lower, filled the gap but soon found support and started an upside move. The rally faced strong resistance around 17050 and started a consolidation process within the 16980-17050 range. That range…
View on market: Stay Cautious, be with quality business: U.S. stocks rose on the back of gains in financial shares even as tech stocks retreated from last week’s rally. The S&P 500 rose 0.2%, while the tech-heavy Nasdaq 100 fell 0.8% by 12.47 p.m. in New York. The…
Pidilite Industries Limited is an Indian company that manufactures adhesives and other products such as art materials, stationery, food and fabric care, car products, pigments, textile resins, leather chemicals, and construction chemicals. The company is headquartered in Andheri (East), Mumbai and is the dominant adhesives company in India.…
NIFTY: The NIFTY opened at 17076.20 without any gap. The index initially moved lower but soon found support around 17000 and started a process of consolidation. That consolidation eventually broke on the downside in the afternoon after the index recorded its intraday high at 17109.45 in its initial…
View on market: Stay Cautious, be with quality business: Australian shares opened marginally higher while the futures for other Asian markets pointed to mixed sentiment.Australian shares opened marginally higher while the futures for other Asian markets pointed to mixed sentiment. U.S. stock futures made small gains while a…
Investment in mutual fund (where not more than 35% is invested in equity shares of Indian company) will now be deemed to be short-term capital gains. This applies to investments made on or after April 1, 2023: This means starting from April 1, 2023, investments in mutual funds…
NIFTY: The NIFTY opened at 17097.40 with a gap down of 54 points. The index initially moved lower but soon found support around 17050 and bounced up. Prices have rallied sharply, filled the gap, and moved further up toward the 17200 resistance. The index faced resistance there and…
View on market: Stay Cautious, be with quality business: Asian markets decline after a technology-driven rally on Wall Street failed to ease the pressure over the banking sector. U.S. investors piled into top technology companies including Apple Inc. and Microsoft Corp. to push the Nasdaq 100 close to…
NIFTY: The NIFTY opened at 17177.45 with a gap up of 70 points. The index could not sustain at the higher levels and started drifting downwards after the opening tick. Prices have recorded its intraday high at 17207.25, saw a down move of almost 100 points, and then…