Bears were in action on August 22, driving the benchmark indices down nearly 1 percent with subdued market breadth. A total of 1,704 shares saw selling pressure compared to 1,025 shares that gained on the NSE. The market is expected to remain rangebound until the frontline indices reclaim and sustain above last week's high. Below are some short-term trading ideas to consider:Rajesh Palviya, Senior...

The benchmark indices wiped out opening gains and finished 0.7 percent lower on June 3, with the bears dominating market breadth. A total of 1,554 shares declined compared to 1,050 shares that advanced on the NSE. The market is expected to remain rangebound and attempt to defend the previous day’s low amid elevated VIX levels. Below are some short-term trading ideas to consider:Amol Athawale, VP...

Shares of Rashtriya Chemicals and Fertilizers Ltd (RCFL) surged around 10 percent on July 12 to hit a fresh record high of Rs 244.9 on the National Stock Exchange (NSE) after the company announced a significant development.The Board of Directors of the company approved a purchase order worth Rs 515 crore for Topsoe A/s to procure a Basic Engineering Design Package (BEDP) and supply proprietary equ...

India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter.The government is looking to sell 5%-10% in Coal India Ltd., Hindustan Zinc Ltd., Rashtriya Chemicals and Fertilizers Ltd. via the so-...

The Supreme Court on Monday sought response from the Reserve Bank of India and others on the Sebi’s appeal against the Bombay High Court’s order that had allowed Reliance Commercial Finance’s shareholders to carry out a voting process based on the debenture trust deeds (DTDs) signed in compliance with a 2019 circular by the banking regulator. The RBI circular was aimed at time-bound resolu...