IT stocks surge as rupee extends fall to near 71.50/$

Shares of information technology (IT) companies rose in trade as the rupee saw some depreciation. After falling to 71.34 per US dollar against its previous close of 71.18 per US dollar, the rupee has further extended its fall to nearly 71.50 per US dollar. Rupee fell in the...

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MCX Support and Resistance Level

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Opening Bell

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Nifty around 10,900, Sensex flat; L&T slips on buyback rejection by SEBI

Market opens: Benchmark indices started the week on a flat note with Nifty holding above 10,900 level.  The Sensex is up 30.57 points at 36417.18, while Nifty is down 0.40 points at 10906.60. About 386 shares have advanced, 448 shares declined, and 56 shares are unchanged.  HDFC Bank,...

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Budget 2019: What to expect out of interim budget or vote on account

Propriety demands that not too many changes should be made in a vote on account or interim budget. This is all the more true as the vote on account (on February 01) will precede the unveiling of the Direct Tax code report on February 28. Tinkering with the tax rates or tax provisions before the release of the report will lead to avoidable controversies. While no political party can...

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Sensex, Nifty jumps 1%; Heads up as 45 stocks hit 52-week low this week

The Indian market which started on a somber note managed to push the index back above crucial resistance levels in the week gone by, which was largely positive for the bulls. The Nifty50 reclaimed its crucial resistance level of 10,900 and closed the week with gains of 1.04 percent. Similarly,...

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Here’s how you could turn Rs 10,000 monthly SIP into Rs 1 crore

The year 2018 was not a golden year for investors in terms of percentage returns. The S&P BSE Sensex rose by about 6 percent while the Nifty50 rallied a little over 3 percent. 2018 could be termed as a volatile year for investors, but as we move into 2019, is there a way investors can grow...

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