Shares of Zee Entertainment Enterprises Ltd (ZEEL) surged over 7 percent on Tuesday after Punit Goenka stepped down as Managing Director while continuing as the company’s Chief Executive Officer (CEO).In a regulatory filing, the company stated, "The Board has accepted the resignation of Punit Goenka as Managing Director of the company and appointed him as CEO." This move is aimed at allowing Goe...

Nifty Trading PlanThe Nifty 50 continued its downward movement for the seventh consecutive session, falling below the 23,500 level on November 18. Most technical indicators suggest bearish sentiment, although the RSI (Relative Strength Index) has reached oversold levels. If the index sustains below 23,500, the further downside cannot be ruled out, potentially targeting the 23,300–23,200 zone. Ho...

ITI share price rose 3 percent in the early trade on November 19 after the company received a contract worth around Rs 95 crores from the Directorate of Geology & Mining, Government of Uttarakhand for a Mining Digital Transformation & Surveillance System (MDTSS) project.At 09:27 am, ITI was quoting at Rs 291.60, up Rs 0.35, or 0.12 percent, on the BSE.The Uttarakhand Government envisaged t...

Stock IdeasThe benchmark indices closed slightly lower after volatility on November 14, but the overall market breadth improved a bit. A total of 1,324 shares gained, while 1,155 shares fell on the NSE. The consolidation may continue in the market, with a focus on the "sell on rally" strategy, considering the bearish sentiment. Below are some trading ideas for the near term:Amol Athawale, VP of Te...

Global markets are witnessing a fascinating pivot with CLSA's return to an overweight stance on Indian equities. Simultaneously, Moody's Ratings projects India's growth at 7.2 percent for 2024, a figure that stands out in a world grappling with slower recoveries and geopolitical turbulence.China is losing steam as its economy grapples with deflationary fears, rising unemployment, and lackluster pr...