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Market participants like UR Bhat, director of FII advisory Dalton Capital Advisors, believe that while the index could test the August 31 high of 11,794.25, the fact that FIIs have begun to hedge at the current 11,600 level implies “caution”.
SGX Nifty down 20 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 21 points, or 0.18 per cent down at 11,506, in signs that Dalal Street was headed for a weak start on Wednesday.
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… Read MoreVedanta arm among 11 bidders for VideoconVideocon’s promoters, the Dhoot family, have also submitted a competing offer for the company to the lenders consortium led by State Bank of India, according to these sources but the offer was described as a ‘non-starter’ by … Read MoreSamsung heir charged with fraud over 2015 mergerLee, who has already served jail time in connection with a separate case, and 10 other current and former Samsung executives were indicted over the merger of two Samsung affiliates that helped Lee assume greater control of th… Read MoreSGX Nifty down 15 points; here's what changed for market while you were sleepingNifty50 rose for the second straight session on Wednesday and formed a small bullish candle on the daily chart. This formation, following Tuesday's indecisive long-legged Doji candle, suggests the index has entered a consolid… Read MoreStocks in the news: Coal India, ONGC, Ashok Leyland, Adani Enterprises & LIC Housing FinanceLIC Housing said it will seek shareholders' approval in the upcoming annual general meeting this month to raise up to Rs 50,500 crore.
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