3:58 p.m.
Tech View :: Key Levels of Bank Nifty
The Bank Nifty index witnessed volatile trading during the session, highlighting the ongoing struggle between bulls and bears. The next important support level for the index is located at 47,770, which coincides with the 50-EMA. On the upside, immediate resistance lies at 48,250. Significantly above this level, the index could head towards 48,400-48,500, with call-writing activity evident.
Opinion: Kunal Shah, LKP Securities Senior Technical & Derivatives Analyst.
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3:54 p.m.
Tech View :: “Weak outlook remains as long as it remains below 22,400”
Nifty remained unstable throughout the day. However, the short-term trend appeared weak as the index remained below his 21 EMA, an important moving average, on the daily time frame. In the short term, conditions are likely to continue weakening as long as the pair remains below 22,400. On the downside, the index could fall towards 22,150.
Opinion: Rupak De, LKP Securities Senior Technical Analyst
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3:51pm
Comment :: “The profit situation seems to be slowing down.”
The Indian market also reflected the same subdued investor sentiment and concerns about declining voter turnout as in other Asian countries. Although domestic revenues for the fourth quarter largely met expectations, the earnings situation appears to be slowing down. Sector-specific movements were seen in FMCG and auto stocks, supported by expectations of a recovery in rural demand in the first half of FY25.
Opinion: Vinod Nair, Head of Research, Geojit Financial Services.
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3:49 p.m.
Paytm hit an all-time low of Rs 317.45. Stock tank 68% off 52 week high
Mr. Gupta’s resignation is the third senior executive at the company to quit in the past few months after its affiliate Paytm Payments Bank (Paytm PB) faced regulatory action from the Reserve Bank of India (RBI). .
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3:46 p.m.
IPO latest information :: Aadhar Housing application status (TBO)
indegene: 65.62x (QIB 184x, NII 54x, Retail 7x)
Adar Housing Finance: 33% (QIB 32%, NII 33%, Retail 32%)
TBO Tech: 79% (QIB 1%, NII 1.2x, Retail 2.4x)
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Warning: Current status as of 3:35 p.m.
Note: Today is the last day for bidding for Indegen, the first being for Adar HC and TBO Tech.
Bidding ends at 5 p.m.
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3:29pm
Oil and gas stocks soar in volatile session. IGL soars 7%, Gail India 4.5%
Leading the surge was IGL, up 7.29%, GAIL, up 4.66%, followed by MGL, up 4.42%, and Petronet LNG, up 4.15%. read more
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3:20pm
Nifty PSU Bank Index ended two days of losses. 2.5% increase on May 8th
Last Friday, RBI issued a draft circular aimed at strengthening balance sheets through project finance. According to the proposed standards, lenders would be required to reserve up to 5% of a construction project’s unpaid exposure, reducing to 2.5% upon project completion and an additional 1% once 20% of the loan is repaid with sufficient cash flow. % will be reduced. .
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3:06 p.m.
Balaji Amines soars 16% on Q4 earnings expansion and 550% dividend incentive
Balaji Amins share price surged 16 per cent on the BSE in intraday trade on Wednesday, after the company announced strong financial results for the March quarter of fiscal year 2023-24 (Q4 FY24). 2,422.45 rupees per unit.
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2:54 p.m.
Warning:: Hero MotoCorp Q4 net income increased 18%. stock up on 1%
Hero MotoCorp today reported a 18.3% increase in fourth quarter net profit for the quarter ended March 2024 at Rs 1,016.05 crore as against Rs 858.93 crore in the year-ago period. Total revenue rose 13.5% year-on-year to Rs 9,699 million from Rs 8,544 million.
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2:40pm
SBI Q4 Preview: Analysts say profits could fall by up to 38% year-on-year due to higher operating profit
Analysts said SBI’s net profit growth in Q4 FY24 is likely to depend on the one-time headcount (increase in salary provisions) the bank is able to secure during the quarter. .
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