Tech View: Nifty forms a ‘Bearish Engulfing’ candle; showing fatigue
The trend may become bullish, once it crosses above the 12,150 level. – Stocks-Markets-Economic Times
Month: December 2019
Saudi Aramco IPO institutional tranche more than twice oversubscribed
Institutional investors have put in 144.1 billion riyals ($38.4 billion) worth of bids for Saudi Aramco’s planned initial public offering (IPO), equivalent to more than twice the number of shares … Read More
Steel Sector Witnessing Growth After Slowdown: Dharmendra Pradhan
The steel sector is witnessing growth in the recent past after a slowdown, with India becoming a net exporter in the current financial year, Union minister Dharmendra Pradhan said on … Read More
Telecom tariff hike positive for Airtel; Voda Idea under a cloud
The hikes have been the first in the industry since 2016, and steeper than Street estimates. – Stocks-Markets-Economic Times
Factbox – The world’s biggest electric vehicle battery makers
Asian companies dominate the market for electric vehicle (EV) batteries and they are expanding their production capacity in Europe, China and the United States in a fight to win lucrative … Read More
Feuding Korean firms risk disrupting electric car battery supplies
In 2018, South Korea’s SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle batteries in the United … Read More
Maruti Suzuki Car Sales Fall Over 3% In November
Maruti Suzuki said sales of its Ciaz model in the mid-size car segment declined 62.3 per cent to 1,448 units. – NDTV Profit – Latest
Sensex manages small gains, Nifty slips below 12,050; telecom stocks rally
Investors remained on the edge after India’s GDP growth slumped to 4.5 per cent in Q2. – Stocks-Markets-Economic Times
Saudi exchange to limit Aramco index weighting with cap
The Aramco IPO is seen as a test for the Saudi exchange, where the largest listing so far has been worth $6 billion. – Stocks-Markets-Economic Times
Sensex, Nifty lose early gains, end flat as major sub-indices drop
Indian shares erased early gains to end nearly flat on Monday, dragged by losses in information technology and state-owned bank stocks, as a flagging economy kept investors cautious ahead of … Read More