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The 14-day relative strength index (RSI) stood at 77.78 at the end of the day, suggesting that the index is in the overbought territory. Analysts are a bit cautious, but said there are no signs of weakness on the technical charts. They predict further gains ahead.
UBS upgrades ratings on Tata Steel, JSW Steel“Steel realisations remain high with price hikes (amid tight supply and high raw material costs), robust domestic demand and high international prices,” said UBS in a report to clients. “We expect peak margins in FY22, and gr… Read MoreFederal Bank plans to buy microfin co to expand biz Federal Bank MD & CEO Shyam Srinivasan has said that the private bank sees an opportunity to grow both organically and through acquisition. The bank is interested in acquiring a microfinance business as part of its focus… Read MoreStocks in the news: Easy Trip Planners, RIL, Bharti Airtel, PG Electroplast and Varroc EnggThe Delhi High Court upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal.
from Stocks-Markets-Economic Times https://ift.tt/3r7kWWA
… Read MoreGlobal lenders to back Adani solar plant with $1.3bn A dozen global banks are to bankroll the Gautam Adani-founded Adani Green Energy’s under-construction renewable power projects with over $1.3 billion revolving credit line, the company said on Thursday.The finance facility w… Read MoreAsian equities fall spooked by spike in yields, oil selloffBrent crude futures were down another 38 cents at $62.90 a barrel, while U.S. crude shed 35 cents to $59.65.
from Stocks-Markets-Economic Times https://ift.tt/38XqUmt
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