The Nifty recouped losses in the last hour of trade and closed moderately higher on November 14, a volatile day for the market. ICICI Bank, HDFC Bank and Infosys lifted the market, while the selling in Reliance Industries limited upside.The index closed above 11,850 and formed a small-bodied bullish candle, which resembles a hammer pattern on the daily charts.Close The hammer is a bullish reversal pattern formed after a decline. A hammer consists of no upper shadow, a small body, and long lower shadow. The long lower shadow signifies that the stock tested its support, where demand was located and then bounced back. related news 3-Point Analysis | IHCL Q2 review Taking Stock: Bulls defend 11,800 level for Nifty; telecom, metals take a hit After opening higher at 11,858.75, the Nifty touched an intraday high of 11,895.65 and low of 11,802.65 in the morning trade itself. The index rose 31.60 points to end at 11,872.10."The Nifty50 smartly recoiled after slipping below its … [Read more...] about Technical View: Nifty forms hammer pattern, 11,839 crucial for further upside
Valley view vineyard
Higher food prices pushed India's retail inflation to 4.62 percent in October, breaching Reserve Bank of India's medium-term target of 4 percent, data released by the Central Statistics Office (CSO) on November 13 showed.Core inflation moderated to 3.3 percent from 4.2 percent in September on the back of subdued economic activity.Inflation stood at 4 percent in September 2019 and 3.4 percent in October 2018.Close Meanwhile, October WPI Inflation came in at 0.16 percent against 0.33 percent in September. related news Ideas for Profit | What makes this contract manufacturer worth a shot? In Focus with Udayan Mukherjee | Can the stock market rally despite weakening economy? Elevated retail inflation has raised concerns that the RBI may find it difficult to extend its rate reduction regime.However, most analysts and economists are of the view that the central bank will go for another rate cut in its December policy meet keeping in view the sluggish pace of the economy.India's … [Read more...] about Inflation a concern, but RBI rate cut a strong possibility, say experts
The Hadaway House in Whistler, Canada, is enough to make even the most dedicated ski bum consider skipping the slopes to stay inside. The almost 5,000-square-foot timber-clad chalet designed by Vancouver-based Patkau Architects is wedged in a steep stretch of land between two boulders overlooking the British Columbian ski resort. The design is visually stunning–all violent angles and prism-like windows–but at its heart, pragmatic. The private residence’s angled slab shape allows the accumulated snow to slide off the structure. Inside, the main level of the house–including a living room, dining space, and kitchen–opens up to expansive views of the valley. Pointed, geometric windows bring in plenty of natural light. The lower floor is home to guest bedrooms and a space for storing wet ski clothes and laundry that connects directly to the garage. Though with a house this pretty, why go out at all? [via Dezeen] advertisement advertisement … [Read more...] about The Swiss Chalet, Radically Reimagined
Traditional investment options rally around mutual funds, the stock markets and gold. The real estate sector, has, over time, yielded good returns over medium and long-term horizons, but with a large inventory overhang in the ready and near-ready segments, the portfolio is in a bind these days. Let us align ourselves to credible real estate investment opportunity, in a micro-market that will be the natural beneficiary of several mega infrastructural projects, and systematically geared for planned migration, growth, and business activity.Traditionally, real estate bears the influence of both macroeconomic and microeconomic factors. While the predominant bias is to de-risk investments and go for RTMI (Ready-To-Move-In) inventory, or commercial units, Grade-A residential real estate in pre-launch stage, bolstered with the right product composition and infrastructural developments, will stay true to the core Indian bias towards property purchase. With a few remnant micro-markets that offer … [Read more...] about Kharghar: A compelling Real Estate option?
Smog resulting from raging farm fires and unfavourable weather conditions led to the air quality level in the Delhi-National Capital Region (NCR) moving towards the "emergency" zone on November 13.This prompted authorities to order closure of schools till November 15 (Friday). Such a closure has been ordered for the second time in two weeks.With the Central Pollution Control Board (CPFC) fearing a similar situation will prevail over the next two days, Chief Minister Arvind Kejriwal said the odd-even road rationing scheme can be extended if needed.Close The Environment Pollution (Prevention and Control) Authority (EPCA) also extended the restrictions on dirty-fuel based industries in Delhi-NCR, hot mix plants and stone crushers till the morning of November 15, as the meteorological department said strong winds are expected from November 15, which will bring down the air pollution levels to the very poor category. related news Rafale Verdict: Supreme Court dismisses review … [Read more...] about Delhi-NCR schools shut till tomorrow; air quality index moves towards ‘emergency’ zone again