Nifty snaps four day losing streak, makes higher high, higher low on the charts

Nifty 50 also managed to trade above its 20-day moving average (DMA), while the Nifty Bank index was seen hovering around its 20-DMA.

Nifty 50 also managed to trade above its 20-day moving average (DMA), while the Nifty Bank index was seen hovering around its 20-DMA.

Sandeep Tandon, Founder and CIO of Quant Mutual Fund, also sees selective opportunities in the FMCG space, especially in food processing companies that are benefiting from the implementation of GST.

Siddhartha Khemka, Head of Research–Wealth Management at Motilal Oswal Financial Services, remains constructive on Shriram Finance despite its sharp 48% rally over the past year. He said a potential entry of a strategic investor such as Mitsubishi UFJ would be…

Centrum said ICICI Prudential AMC is a key beneficiary of the structural growth in India’s mutual fund industry, which has seen a sharp expansion in quarterly average assets under management in recent years.

The deal will value Shriram Finance at a post-money valuation of 1.9 times one-year forward estimated price-to-book value, which is significantly lower compared to its nearest peer Cholamandalam, which trades at over 4 times book.

As per the order, the HCC-VCCL joint venture will construct a new tunnel 28 on the Tupul-Imphal new broad gauge railway line. HCC holds 65% stake in the JV.

The financial sector in India has seen deals worth more than $11 billion in the ongoing fiscal year, so far, with Japan’s Mitsubishi UFJ Financial Group (MUFG) announcing 20% stake in Shriram Finance for ₹39,620 crore on Friday, December 19.…

Pfizer will continue to manufacture, source and supply these medicines to Cipla for India.

NBCC received a ₹179.37 crore PMC order for IIM Sambalpur Phase-II campus, reported 26 percent profit rise, and secured major orders from NALCO and SAIL, boosting its shares by 2.5 percent.

Piramal Finance is set to sell its 14.72% stake in Shriram Life Insurance to Sanlam Emerging Markets for ₹600 crore, aiming to monetise non-core assets and strengthen its balance sheet.