NIFTY SCALES CLOSER TO THE 11,000 MARK

  • Achiievers

Nifty closed at 10,947 after a sharp rally in stocks like Reliance, GAIL and Axis Bank added heft to the Nifty. Short covering also helped the markets to move higher during the day. The big data point in the next few days could be the price of...

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Brent Crude scaled $79/bbl as Norway shut oil production

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The pressure on the oil prices may be back with the latest developments in Norway. Brent Crude scaled $79/bbl as Norway shut oil production after its oil workers went on strike. It may be recollected that Norway runs a $1 trillion sovereign fund that...

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In one of the biggest IPOs in recent times

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British Foreign Secretary Boris Johnson quits as BREXIT crisis mounts. Boris Johnson was the person who was supposed to be spearheading the BREXIT negotiations. However, Johnson’s exit followed immediately after the BREXIT secretary, David Davis, had...

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IT IS LIKELY TO BE A DATA DRIVEN WEEK FOR NIFTY

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Apart from the all important Infosys results, the week will also see the announcement of the CPI inflation number and the IIP numbers. Both will be critical inputs for the market direction. Keeping data aside, the big focus will be on the trade...

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The coming week is likely to be heavy on data flows

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The coming week is likely to be heavy on data flows. Apart from the quarterly results starting with Infosys, there will be the CPI inflation data and the IIP data that will come out this week. Nifty is likely to be sharply predicated on data flows during...

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Reliance completed its 41st AGM

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Reliance completed its 41st AGM and made some significant announcements and statements during the AGM. According to Mr. Mukesh Ambani, consumer business (including Jio) will be contributing as much as oil and petrochemicals to the company’s business...

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NIFTY GIVES UP GAINS ON TRADE WAR FEARS

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The Nifty continues to be jittery because the trade war between the US and China officially triggers off on 6th July midnight. Counter tariffs to the tune of nearly $100 billion worth of goods are expected. That will mean pressure on the INR. Infosys...

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