Weakness in the Nifty may continue, according to LKP Securities’ Rupak De. He highlights a negative RSI divergence and sets support at 25,750. A break below this level could worsen the decline, while 26,000 acts as resistance.
Posts in category Economic Times
Sebi Board Meeting: Regulator approves new asset class for HNIs with riskier appetite (30-09-2024)
SEBI New Asset Class: Market regulator Sebi approved a new asset class for high-net-worth investors to invest in riskier regulated products. The minimum investment will be Rs 10 lakh. This new class, called ‘Investment Strategies’, aims to add depth to the investment landscape. Sebi also introduced the Mutual Funds Lite framework for passively managed schemes.
Block deals: Rs 51 crore worth share purchase in SpiceJet, BofA picks stake in this smallcap (30-09-2024)
Plutus Wealth Management purchased a significant stake in SpiceJet, buying shares at Rs 59.95 apiece. This was a slight increase from Friday’s closing price of Rs 58.99. The stock surged on Monday, closing at Rs 63.70, a gain of 7.98%. This indicates a positive market response to Plutus’s investment in the airline.
T.I.D.E. Global Megatrends: How investors can navigate the next decade (30-09-2024)
Technological disruption has consistently reshaped investment themes by transforming industries, creating new markets, and displacing established ones. From the industrial revolution to the internet era, each wave of innovation redefined value chains and capital allocation.
Mankind Pharma to raise Rs 10,000 crore through NCDs, CPs to fund BSV deal (30-09-2024)
The company will raise up to Rs 5,000 crore through non-convertible debentures (NCDs) maturing in up to 48 months, according to a regulatory filing.
Gold or equities: Which investment could benefit you more, this festive season? (30-09-2024)
While gold has its place, history demonstrates that a growing economy favors stock market investments. With India poised for 6-7% growth in 2024, equities offer a compelling opportunity for investors seeking long-term capital appreciation.
Sebi levies Rs 10 lakh fine on Anand Rathi for violating stock brokers rules (30-09-2024)
Based on the findings of the inspection, the regulator found certain alleged non-compliances of Stock Brokers regulations and circulars issued by Sebi, NSE and BSE.
Sebi slaps Rs 12 lakh fine on NSE Data And Analytics (30-09-2024)
In its order, Sebi noted irregularities with respect to the backup of records and details of the Business Continuity Plan/Disaster Recovery policy, delay in sending acknowledgement letters to investors, irregularities with respect to system audit reports and cyber security audit framework and failure to validate KYC records.
Solarworld Energy Solutions files draft papers for Rs 600-cr IPO (30-09-2024)
Proceeds from the fresh issue to the tune of Rs 420 crore will be used for investment in the company’s subsidiary, Kartik Solarworld, for part-financing the establishment of a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, besides a portion will be utilised for general corporate purposes.
Polycab, Jubilant FoodWorks among 5 stocks with long unwinding (30-09-2024)
Long unwinding happens when investors sell stocks they’ve held for a while, either to lock in profits or because they expect the price to drop.