MC interview | Stock up on IT stocks, expect a positive breakout soon, says Ashish Kyal

MC interview |  Stock up on IT stocks, expect a positive breakout soon, says Ashish Kyal

The Nifty IT Index is trading at 29,550 levels and a Bollinger Band breakout can be seen above 30,900 levels on the weekly time frame, says Ash Kail, Founder, Wavesstrategy.com, in an interview with Wavesstrategy.com. Money control. Chartered Market Technician recommends better stocking of IT stocks at current levels. “The Nifty IT index is already … Read more

Auto stocks, HDFC, RIL, Vedanta, Hero Moto, Granules and more in news

Auto stocks, HDFC, RIL, Vedanta, Hero Moto, Granules and more in news

Housing Development Finance Corporation: Housing Development Finance Corporation (HDFC) and HDFC Bank merged on July 1, while the record date for the merger is set for July 13. HDFC Bank is now 100% owned by public shareholders and existing HDFC shareholders will own 41 percent of the bank. Reliance Industries: RIL and bp plc announced … Read more

A strong FPI inflow is fueling the build-up in stocks

A strong FPI inflow is fueling the build-up in stocks

MUMBAI The current market rally, characterized by wider equity participation compared to the previous two and fueled by strong foreign portfolio investors (FPIs), is expected to maintain its momentum. The current market rally, characterized by wider equity participation compared to the previous two and fueled by strong foreign portfolio investors (FPIs), is expected to maintain … Read more