On a monetary policy day, the benchmark indices declined below the key supports. It closed below the prior bar and formed another lower low candle. For the second day, it closed below the 5EMA. However, it surpassed the previous day's high d

Transformers and Rectifiers (India) order book rises to Rs 1521 crore. Transformers and Rectifiers (India) is currently trading at Rs 54.60, up by 3.39 from its previous closing of Rs. 53.15 on the BSE. The scrip opened at Rs. 53.15 and has touch

The stock surged 7 on the day. On October 18, the market closed in green. The S&P BSE Sensex closed at 58960.6, up 0.94, while NIFTY50 closed at 17,486.95, up 1. Regarding sectoral performance, Financials are outperforming, while Metals and

Invesco Developing Markets Fund, which currently owns about 10.14 stake in Zee Entertainment, had already announced plans to sell half of its stake in the company in a block deal on Tuesday, the 18th of October 2022. As per exchange report on bulk d

The cues in the global markets led to a positive start for benchmark indices which further strengthened with the surge in majority indices across sectors like FMCG, auto, capital goods, power, PSU Bank and realty. On a domestic basis, the reduct

It looks like the funding gods are finally smiling on the Edtech sector in general and Byju’s in particular. Byju’s has just raised $250 million through a rights issue from existing investors, but what is perhaps gratifying is that it was done at

The sugar cycle year (SCY) is likely to be another bumper year for the sugar industry. But first a quick word on what this sugar cycle year is all about? In India, sugar follows a distinct cycle stretching from October to the next September. So, in t

The exchanges have reported that Piramal Pharma Ltd would be listed on the bourses on Wednesday, the 19th of October. It may be recollected that recently Piramal Pharma had bene demerged from Piramal Enterprises Ltd (PEL). Piramal Enterprises always

There is a problem of costs that cement companies are facing. Of course, bulk of the cement companies re yet to come out with results. However, we have already seen results coming from 2 major cement majors viz. Shree Cements and ACC Ltd. Let us unde

Indian defence exports have been building heft over the last few years on a consistent basis. Now the Defence Ministry plans to go for the jugular. After registering defence exports of Rs8,000 crore in FY22, the target is to reach defence exports of

The Phoenix Mills, Ujjivan Small Finance Bank, and Hindustan Aeronautics Limited have witnessed volume burst in the last 75 minutes of the trade. As the saying goes, the first, as well as the last hour of each trading session, is t

The good news is that the trade deficit has fallen with the fall in total trade. Now, the total trade (imports plus exports) have been below $100 billion for August and September 2022. Prior to that between, March 2022 and July 2022, India’s total