The short-term outlook for Power Finance Corporation is bullish. The stock has made a bullish breakout above a key resistance level of ₹535 this week. The region around ₹530 will now be a very good support for the stock. Moving average crossovers on the daily chart also strengthens the bullish case. It indicates that the…
Sensex, Nifty, Share Prices LIVE:
The Indian stock market opened on a tepid note Thursday, with the Nifty 50 index starting at 25,035.30, slightly lower than its previous close of 25,052.35. The Sensex also opened marginally higher at 81,822.56, compared to Wednesday’s close of 81,785.56. Also read: Stocks that will see action today: August 29, 2024 Global cues weighed on…
JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has been awarded an additional 400 MW Wind-Solar Hybrid Power Project by Maharashtra State Electricity Distribution Company Limited (MSEDCL). This award, announced on August 29, 2024, comes under a greenshoe option for MSEDCL’s Phase III project. The total capacity allotted to JSW Neo under…
Asian shares followed Wall Street futures lower on Thursday as Nvidia’s results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive. Investors now await US weekly jobless claims, which have gained prominence given the Federal Reserve’s focus on the health of the labour market,…
Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, has secured market entry for its proposed biosimilar to Stelara in Europe, the UK, Canada, and Japan. The company announced today, that it has signed a settlement and license agreement with Janssen, resolving patent disputes for its product Bmab 1200 (bUstekinumab). The shares of Biocon Ltd…
HCLTech shares have climbed 1.55 per cent to ₹1,746.10 on the NSE following positive analyst reports. Morgan Stanley maintained an Overweight rating with a target price of ₹1,705, citing the management’s positive near-term outlook, particularly in the financial services vertical. The firm noted HCLTech’s balanced portfolio and focus on wallet share gains. Jefferies reiterated a…
The Indian stock market continued its upward trajectory on Thursday, with the Nifty extending its winning streak to the tenth consecutive session and hitting a new high. However, the broader market sentiment remained mixed, with more stocks declining than advancing on the Bombay Stock Exchange (BSE). As at 12.45 pm, the BSE Sensex was trading…
Zomato Limited, the Indian food delivery giant, disclosed it has received two GST-related demands for the financial year 2019-20. The tax demands, from authorities in Tamil Nadu and West Bengal, allege excess input tax credit usage and non-payment of GST on delivery charges, respectively. The shares of Zomato Limited are trading at ₹250.03, down by…
Rewarding shareholders has been central to Reliance Industries’ investor expectation strategy, and its plans to announce a bonus issue—its fifth since inception—are in keeping with that. During market hours and just a little before its 47th annual general meeting, the company announced that its board would meet on September 5 to consider issuing bonus shares…
