Technical chart signals broadly positive for Nifty: Will the rally continue?

On Tuesday, the trend-driven Indian stock indexes recorded new all-time highs, continuing rallies for a sixth straight session as the Sensex and Nifty both reached fresh all-time highs during the day at 62,887.40 and 18,678.10 levels, respectively.

Indian benchmark indices managed to keep up their impressive trend triggered by the S&P BSE Sensex closed 0.28% higher at 62,681.84 while the Nifty 50 gained 0.30% to conclude at 18,618.05. On Tuesday, the trend-driven Indian stock indexes recorded new all-time highs, as the Sensex and Nifty both reached fresh all-time highs during the day … Read more

Bitcoin climb fails to dispel fears that FTX contagion is ‘far from over’

Bitcoin chart patterns continue to flash warning signs about the token’s outlook. (REUTERS)

Worries about contagion from the implosion of digital-asset exchange FTX clouded a rise in Bitcoin and other cryptocurrencies Tuesday.  The largest token rose as much as 2.1% and was trading at about $16,485 as of 10:23 a.m. in London. Second-ranked Ether also posted gains, while meme token Dogecoin surged 10% at one point. Bitcoin has … Read more

Bond yields tad higher as oil prices recover, GDP data eyed

During the day, most market participants refrained from taking large positions due to Tuesday

MUMBAI : Indian government bond yields ended marginally higher on Tuesday as recovery in global crude oil prices weighed on investor sentiment while some traders also trimmed holdings ahead of the GDP data due on Wednesday. The benchmark 10-year government bond yield ended at 7.2791%, after closing 3 basis points (bps) lower at 7.2736% on … Read more

Equitas SFB’s reverse merger with its parent company is on track: What should shareholders do?

The shares of Equitas Small Finance Bank Ltd closed today at  ₹53.50 apiece level, down by 0.19% from the previous close of  ₹53.60. (Utpal Sarkar)

The proposal for Equitas SFB amalgamation with its parent firm, Equitas Holdings, has now come close as the bank recently disclosed that it has a meeting set up with the NCLT for December 21, 2022, as part of this procedure. The bank already got two approvals: (a) a “no-objection” from the RBI in May 2022 … Read more

This rail stock is Anand Rathi’s pick for December, sees 17% upside in a month

Texmaco Rail is a multi-bagger stock.

Texmaco Rail & Engineering witnessed a bittersweet movement in Tuesday’s trading session. Although the smallcap stock opened on a flat note, it did manage to touch a new 52-week high, however, corrected soon after. On BSE, the stock closed around ₹62 levels lower by more than 1%. However, this brings an opportunity of buying Texmaco … Read more

Nifty, Sensex continue to gain for 6th day, mid & smallcaps stay away from party

Stock market update: Nifty struggled around 18,050 levels in noon trade today

The Indian benchmark indices pared some of the gains made in the morning trade, but still managed to close at a high. Sensex ended the day 177.04 points, or 0.28%, higher at 62,681.84, and Nifty gained 55.20 points, or 0.30%, at 18,618. The gains in the indices were driven by mostly by FMCG and metal … Read more

This frequently used Social Security strategy could cost you $182,000

Americans are fascinated with getting the most out of Social Security, but many retirees are making a strategic mistake that can cost them tens of thousands of dollars in lifetime benefits, according to new research from economists at Boston University and the Federal Reserve Bank of Atlanta.  The analysis examines the issue of the optimal age … Read more

As FMCG stocks see uptick, BNP Paribas suggests these shares to buy, hold

The Indian FMCG sector has seen a sharp increase in valuations over the last decade amid low interest rates

Indian stocks logged record highs yet again on Tuesday, aided by an uptick in fast-moving consumer goods (FMCG) with Nifty FMCG rising the most among sectoral gauges as leading FMCG makers expect consumption to accelerate further. “The Indian FMCG industry’s three-year sales CAGR improved to 12.5% in 2QFY23, led by price increases in several categories. … Read more

Explained: Why is crypto exchange Bitfront shutting down?

Bitfront is facing its downfall less than 3 years of its launch. (REUTERS)

Crypto exchange Bitfront is shutting down! The exchange has set March 31, 2023, as the deadline to clear all the deposits and withdrawals of investors. The current challenging market pushed Bitfront into making a choice. They chose to close their services in order to continue growing the LINE blockchain ecosystem and LINK token economy. Bitfront … Read more

From IRFC, RVNL to Ircon: Why railways stocks have been rallying?

Indian Railways related stocks have been surging in the past few months

Indian Railways related stocks have been surging in the past few months with shares like Indian Railway Finance Corporation Ltd (IRFC) generating over 51% and Rail Vikas Nigam Ltd (RVNL) delivering 96% returns in the last month. Meanwhile Ircon International shares have also surged over 30% during the last month. “Railway stocks generally gather movement … Read more