Om Mehra, tech analyst at SAMCO Securities highlights that Torrent Pharmaceuticals after a recent consolidation phase, has witnessed a strong breakout above ₹4,200 levels. Equity markets in India have witnessed a roller-coaster ride thus in February, with the Nifty 50 index swinging in a near 1,800-point range. The Nifty thus far has touched a…
The inflows follow three consecutive months of heavy selling, with FPIs pulling out ₹35,962 crore in January, ₹22,611 crore in December, and ₹3,765 crore in November, according to data from depositories. Foreign Portfolio Investors (FPIs) staged a sharp turnaround in early February, pumping ₹19,675 crore into Indian equities in the first fortnight, supported by…
The weekly options data indicated that 26,000 is expected to be a crucial resistance zone, which was tested intraday on Wednesday, with immediate support at 25,900. Nifty outlook for February 12 The Nifty 50 maintained its uptrend for the fourth consecutive session despite consolidation and continued forming higher highs and higher lows for three…
NCLT in its order said that the merger scheme is in the public interest, as it enhances operational efficiency, consolidates resources, and does not prejudice the rights of shareholders, creditors, or statutory authorities. Adani Group’s Ambuja Cements on February 9 announced that the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved…