NIFTYCurrent: 7,387 (fut: 7,380)Target: NAStop long positions at 7,330. Stop short positions at 7,430. Big moves could go till 7,250, 7,510. A long 7300p (88), short 7200p (58) could gain 10-15 if 7,300 is hit.
Nifty OutlookNifty saw a rebound from the immediate support near 7350 in the last week. The occurrence of a 'Spinning Top' candlestick pattern at the 61.8% retracement re-assured the strength in the support.
BUY TATA CHEMICALSSTOP LOSS: Rs 357TARGET: Rs 387It has been moving upwards from last two weeks and crossed its previous hurdle of 365 zones.
The government has asked state-run companies to buy back shares, people with knowledge of the matter said, as Prime Minister Narendra Modi looks to narrow Asia's widest Budget deficit without cutting stimulus spending.
The Reserve Bank of India (RBI) bought Rs 10,000 crore of bonds through its open market operations (OMOs) on Monday. This is the third OMO purchase this financial year and fourth overall. The OMO was done to ease liquidity in the bond market.
A Reserve Bank of India (RBI)-appointed working group on Monday proposed to introduce plain-vanilla interest rate options in the market, which would help lenders manage their asset-liability mismatches better.
Double-digit expansion in the manufacturing sector during the October-December quarter (Q3) of 2015-16, as shown in the official gross domestic product (GDP) data issued on Monday, has raised several eyebrows.
The Central Statistics Office on Monday released the advanced estimates for 2015-16. It forecast real gross domestic product (GDP) growth for the year at 7.6 per cent and nominal GDP growth at 8.6 per cent.
The Budget preparation has brought the focus on the fiscal deficit target that Finance Minister Arun Jaitley is likely to announce.
Public sector United Bank of India (UBI) plans to raise up to Rs 1,000 crore by issuing securities.A meeting of the board of directors will be held on Thursday to approve the same. "The board of directors...
India's agriculture growth, measured in terms of gross value added at constant prices, slipped into negative territory in the October-December quarter (first time in FY16) because of a low kharif harvest.
Extending losses for the second straight day, the rupee on Monday dropped by another 29 paise to close at 67.94 a dollar on persistent demand for the US currency from banks and importers on the back of higher greenbacks abroad.
As many as 10,000 former workers and other staff of two textile mills, Hukumchand Mill and Binod Mill, in the Malwa region are struggling to get their back wages for more than two decades.
A study by global consultants McKinsey & Co and AECOM for the Union ministry of shipping says optimising the logistics flow for key commodities by 2025 could save Rs 30,000-40,000 crore.
Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 per cent rise in write-offs as part of the balance sheet clean-up.
HDFC Bank, the country's second-largest private sector lender, has pushed the pedal on hiring after a gap of over a year.
India ranks 120 among 131 countries on women labour participation, according to a report by International Labour Organization.
Autonomous institutions set up by the hundreds by various ministries could soon face a cash squeeze.
Export-Import (EXIM) Bank of India plans to raise $300 million from Chinese financial markets through panda bonds to finance demand for credit.
Maharashtra is targeting to bag Rs 4-lakh crore in investments during the maiden Make in India (MII) week to be held in the country's financial capital from Saturday.