The Nifty has now approached its resistance zone of 10,800-11,000, which coincides with its ‘200 DMA’. In the last hour of trade on July 8, the index witnessed a strong bout of profit booking and the Bank Nifty too shed all the day’s gains from its resistance zone. … [Read more...] about Gold glitters! Profit booking derails bull rally; what should investors do on Thursday morning?
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In the futures market, natural gas for July delivery touched an intraday high of Rs 141.50 and an intraday low of Rs 139.10 per mmBtu on the Multi-Commodity Exchange (MCX). So far in the current series, natural gas has touched a low of Rs 115.50 and a high of Rs 184.50. … [Read more...] about Natural gas futures down nearly 2% on profit booking
"Global stocks were mixed following record infections in the US, which led to worries of delayed global economic recovery, while Indian markets worried about record cases of infections and increasing localized lockdowns. However, on a weekly basis, the benchmark indices gained around 1.5%," Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol. … [Read more...] about Taking Stock: Profit-booking hits D-St; Nifty below 10,800 but rallies 1.5% for the week
Subsequent to Unlock 1.0, collection in the micro banking loan vertical has shown positive traction from June 1, the bank said. “There has been steady improvement in collection efficiency (in value terms) during June. It ended with -68 percent as on June 30” the management said. … [Read more...] about Bandhan Bank deposits grow 6% since March end, loan book by 3%
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Buy AU Small Finance Bank; target of Rs 675: Motilal Oswal