The Stochastic and RSI indicators are showing a downward slope for the Nifty Bank index, indicating a bearish outlook, says Ravi Nathani, an independent technical analyst

Stock market live updates: The SGX Nifty, on Monday, eyed a steady start amidst positive global cues as it rose over 50 points to 18,717 levels

To curb volatility in small-cap counters, leading stock exchanges BSE and NSE have put in place an enhanced surveillance mechanism for companies that have a market cap of less than Rs 500 crore.
The Enhanced Surveillance Measure (ESM) will be effective from June 5.
Sebi and exchanges in a joint meeting have decided to introduce ESM framework for “micro-small” companies (on the main board with market cap less than Rs 500 crore), the National Stock Exchange (NSE) and BSE said in two separate circulars on Friday.
The parameters for shortlisting the securities under the ESM framework include high-low price variation and close-to-close price variation.
Under the framework, the exchanges said, “… the trading for these securities will be settled through a trade for trade mechanism with a price band of 5 per cent or 2 per cent (if the scrip is already in the 2 per cent band).”
“For securities in Stage II, the trading will be settled through a trade for trade mechanism with a price band

Indian corporates are fast embracing flexible workspace which now accounts for 10-12 per cent of their real estate portfolio compared to 5-8 per cent pre-COVID pandemic, according to Colliers.
Real estate consultant Colliers has recently released a report ‘Global Occupier Outlook 2023′ that revealed that many corporates in Asia Pacific are deferring decisions on taking office space on lease as they are grappling with the complexities of the hybrid work model.
“The lack of clarity and macroeconomic uncertainty are posing challenges for businesses in projecting their space requirements,” it added.
According to Colliers’ experts, companies are facing the dilemma of striking a balance between providing employees with desired flexibility and realigning their portfolios for the next evolution of the workplace.
However, Colliers said that Indian office space occupiers have been quick to adopt flex spaces, attracted by the flexibility, agility, and cost-effectiveness.
“Flex spaces are …

The price of ten grams of 22-carat gold rose Rs 300 to Rs 56,000