Indian benchmark indices fell amid volatility on May 9, ahead of the weekly expiry today. In the morning trade, the Nifty was down 160 points to 22,140. Options data suggests heavy call writing at 22,400 forming strong resistance for the day. Meaningful call writing is witnessed across 22,400-22,500 strikes.Analysts said the near-term support for the Nifty was at 22,200-22,250. Nifty has already f...

Results on April 22: Reliance Industries, Aarti Surfactants, Aditya Birla Money, Mahindra Logistics, Rallis India, Tejas Networks, Tamilnad Mercantile Bank, Hatsun Agro Product, Kesoram Industries, K P Energy, Epigral, Piccadily Agro Industries, Piccadily Sugar & Allied Industries, Rajratan Global Wire, and Trident Lifeline will be in focus ahead of declaring their quarterly earnings.Wipro: The te...

Adani Power shares slip on fresh litigation over coal transport cost, Adani Power stock has surged about 220 percent from its 52-week lows at Rs 166.25 hit in March 2023. Year-to-date, the stock has risen nearly 1 percent, underperforming benchmark Nifty 50 marginally.Shares of Adani Power edged lower on March 26 after the company announced the disclosure of a new litigation matter. The Maharashtr...

Rs 20 lakh cr pending direct tax demands under litigation, Govt officialOf the pending demands, Rs 3,500 crore will be waived, as per the Budget announcement on Feb 1, 2024.Direct tax demands worth Rs 18 lakh crore -20 lakh crore are under litigation in various cases currently across sectors including transfer pricing, royalty payments, classification of income under various heads, deductions clai...

Regulator Sebi is investigating market allegations against Adani group, whose 9 listed companies saw a 60 per cent decline in their market capitalisation between January 24 and March 1, Parliament was informed on Monday. Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that the volatility in the stocks of these companies have not had any significant impact at the systemic level...