The overall uptrend of the market remains intact, and it continues to be a buy on dips till such time we see a reversal in trend, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One, recommends. He spells out a strategy on previous week’s major movers viz. India Cements, NMBC and Amara … Read more
In line with its jurisdiction under section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has prohibited Paytm Payments Bank (PPBL) from accepting new clients. Additionally, it said that after March 15, 2024 no customer accounts, prepaid cards, Paytm Wallets, FASTags, NCMC cards, etc. will accept deposits, credit transactions, top-ups … Read more
Railway stocks, which have run up significantly with most of them moving more than 4 times since the last Budget, are in focus ahead of the presentation of the Interim Budget on February 1. RVNL and Texmaco Rail could surprise, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts: Nifty ended over 1% … Read more
The Indian market closed deep in the red with losses of over 2% on Wednesday weighed down by weak global cues and muted earnings from banking heavyweight HDFC Bank. The S&P BSE Sensex plunged over 1600 points while the Nifty50 closed at 21,571, down 460 points on Wednesday. Sectorally, selling was seen in banks, metals, … Read more