Indian benchmark indices were trading range bound amid volatility on 6 May, with Nifty 50 trading at the mid-point of its short-term support and resistance range. At around noon, Nifty was marginally in green at 22,505 points.The derivatives open interest data suggests a potential bounce-back from current levels, said experts, adding that the sustainability remains uncertain. The open interest put...

The Sensex and Nifty 50 turned flat around noon on May 6 with Nifty PSU Bank stocks falling over 3 percent after the Reserve Bank of India (RBI) released draft guidelines proposing tighter norms for lending and heightened monitoring for under-construction infrastructure projects.The top laggards on the Nifty PSU Bank index were Punjab National Bank, Canara Bank, Bank of Baroda, and Union Bank, all...

Recognizing industry-leading metrics and top-quartile returns, Morgan Stanley anticipates Deepak Nitrite to outperform further as new investments yield results and earnings improve.Shares of Deepak Nitrite surged nearly 7 percent to hit a record high of Rs 2,619.80 on NSE after Morgan Stanley double-upgraded the stock to "overweight" from its earlier rating of "underweight."The international broke...

Hitting out at West Bengal chief minister Mamata Banerjee, Union home minister on Tuesday alleged that she did not attend the Ram temple inauguration ceremony in Ayodhya due to fear of losing out on her 'infiltrator' vote bank.His remarks came while addressing a rally at Memari in Purba Bardhaman district.The senior Bharatiya Janata Party (BJP) leader further said that this Lok Sabha election is a...

The US markets pared away from the previous day’s gains and declined marginally on April 30 as investors await the reports on the employment cost index for the first quarter (Q1) and consumer confidence, to be released later during the day. At 8:15 pm, the S&P 500 was down 0.21 percent at 5,105.33 and the Nasdaq Composite also declined 0.21 percent to 15,949.23. The Dow Jones Industrial Average ...