According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index is expected to face resistance around 52,250 – 52,375 range; and the Pharma index at 13,425.
Posts in category Business Standard
Up almost 32% since listing, Mankind Pharma draws rush of ‘buys’ (20-06-2023)
The company’s stock has surged more than 60 per cent since listing, driving its market value to about $8.5 billion
HMA Agro Industries’ IPO subscribed 32% on the first day of issue (20-06-2023)
HMA Agro Industries is one of India’s largest exporters of frozen buffalo meat products and accounts for more than 10% of India’s total export of frozen buffalo meat
NSE to pay Rs 72.6 crore to settle February 2021 trading glitch case (20-06-2023)
Former MD & CEO Vikram Limaye, two others asked to do 14-day community service
CCI approves acquisition of stake by mortgage lender HDFC in 2 insurers (20-06-2023)
These approvals will help pave the way for the merger of HDFC into HDFC Bank, expected to be finalised by the third quarter of this financial year
Proposal to remove non-F&O stock from Nifty Next 50 index put on hold (20-06-2023)
If the number of index constituents is less than 50, stocks from the Nifty MidCap 50 Index will be considered
Indian stocks inch towards record highs ahead of US Fed Chair’s testimony (20-06-2023)
By Bharath Rajeswaran
IIFL Securities to approach SAT against Sebi order on taking up new clients (20-06-2023)
The statement comes after the capital markets regulator Sebi on Monday barred IIFL Securities from onboarding new clients for two years for alleged mis-utilisation of client funds
Zee Entertainment slips 7% to hit 52-week low amid heavy volumes (20-06-2023)
The stock quoted its lowest level since September 2021, with over three-fold jumped in average trading volumes
Tata Motors nears record high on improved outlook; zooms 50% so far in 2023 (20-06-2023)
Improved gross cash accruals and strong liquidity position with the management’s focus to attain zero net auto debt is expected to lead to significant improvement in leverage and debt coverage metrics