Tech View: Nifty50 forms Bearish Belt Hold as bulls again fail to top 15,900

Posted on 2021-06-28T17:26:17+05:30 - markets

Analysts said the index would find immediate support in the 15,800-750 range. They believe a sustained close above 15,915 level should offer the bulls an edge.

Gold gains by Rs 116; silver rises to Rs 67,015

Posted on 2021-06-28T17:03:48+05:30 - markets

In the international market, gold was trading with gains at $1,782 per ounce and silver was flat at $26.13 per ounce.

Should you book profits in Dodla Dairy after 48% jump in debut trade?

Posted on 2021-06-28T17:00:07+05:30 - markets

Most analysts had advised subscribing to the issue for listing gains as well as for the long term, but with a strong start in the secondary market, some of them say investors should book profits.

KIMS has been continuously growing at round 18-20% CAGR: MD

Posted on 2021-06-28T16:53:52+05:30 - markets

"If the balance sheet is good, then we can expand more. Also, we will be able to identify the right place and the right time and experience organic as well as inorganic growth."

F&O: Nifty needs followup action; has to hold above 15.8K to move up

Posted on 2021-06-28T16:41:18+05:30 - markets

Now, it has to hold above 15,800 level to witness a rise towards 16,000 and 16,200 levels, while on the downside support can be seen at 15,700 and 15,600 levels.

Nickel futures slide on tepid demand

Posted on 2021-06-28T16:34:18+05:30 - markets

On the Multi Commodity Exchange, nickel contracts for the July delivery traded lower by Rs 11.50, or 0.83 per cent, to Rs 1,370.20 per kg with a business turnover of 2,427 lots.

Nirmala Sitharaman announces Rs 1.1 lakh crore loan guarantee scheme for Covid affected sectors

Posted on 2021-06-28T16:03:17+05:30 - markets

The interest rate on loans from banks under this scheme would be capped at MLCR plus 2 per cent.

Sensex retreats from record high, ends 189 pts lower as IT stocks, RIL weigh on D-Street

Posted on 2021-06-28T15:51:38+05:30 - markets

Investors sold IT and financial services stocks amid rising concerns over inflation.

Keeping eyes open for future acquisitions, says Dodla Dairy MD

Posted on 2021-06-28T15:48:08+05:30 - markets

“Days within the lockdown being lifted, we saw demand moving up. Once business is back to normal, growth numbers will very quickly reach pre-Covid status.”

PUBG maker Krafton's $5 billion IPO could be delayed by up to a fortnight

Posted on 2021-06-28T15:25:48+05:30 - markets

The delay of the initial public offering (IPO), set to be South Korea's biggest ever, could be for up to a fortnight as a result of the regulatory review, according to two people with direct knowledge of the matter.

European travel stocks sink, inflation woes keep STOXX 600 below record high

Posted on 2021-06-28T14:53:23+05:30 - markets

The pan-European STOXX 600 was down 0.2 per cent by 0813 GMT, with travel-related stocks TUI, Ryanair Holdings and IAG sliding between 1.9 per cent and 3.2 per cent.

China Tourism aims for $7 billion Hong Kong listing

Posted on 2021-06-28T14:41:46+05:30 - markets

The Shanghai-listed company plans to sell 5 per cent to 10 per cent of its stock in the listing, which could take place as soon as the third quarter of this year, one of the people said.