AAP leaders Isudan Gadhvi and Gopal Italia held meetings with party workers in Junagadh and Rajkot on Friday, as part of the party’s ‘Mission Vistaar’, a campaign to create a organisation at booth levels in Gujarat. Gujarat AAP president Gadhvi and AAP national joint secretary Italia held meetings with local leaders and workers at circuit house in Junagadh first and then in Rajkot. In a statement, the party said that the objective of Mission Vistaar was to enrol new workers and create an organisation of the party right down to…
Tag: level
Tech View: Nifty forms a small bullish candle; 16,000 level likely to be revisited
[ad_1] nifty 50 Tuesday ended with a slight rise and formed a minor bullish candle on the daily chart. Analysts say that the positive trend of the bandh after the start of the fall was positive. They see that the index is testing the 16,000 level in the coming days. He added that the support for the index remains at 15,700. Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan said that during the day, selling pressure was absorbed near the key hourly moving averages. The index saw a brief consolidation…
Nifty: Tech View: Nifty forms short bearish candle; 15,670 level remains key support
[ad_1] New Delhi: Nifty 50 fell for the fourth consecutive day on Wednesday. It formed a short bearish candle on the daily chart with a long upper wick indicating selling at higher levels. Analysts said the index is respecting its support of 15,671 on a close basis and as long as it respects it, the possibility of some upside cannot be ruled out. If the level is breached, they see a move to support at the 15,400-300 level. Pride RatnaparkhiNifty 50 traded near the swing lows seen in March and…
Nifty may get support at 5300 level
[ad_1] nifty Wednesday’s trading started with a very timid one. As the underlying index was drifting quietly down, the futures started trading at a deep discount of around 10 points. This was the last hour of trading which saw better volume and faster momentum. Amidst global uncertainties, the fall has brought the Nifty once again to the level of 5400. Even the participation looks a bit intimidated, as Nifty futures ended the day’s trading with over a million. shares In open interest Indication for the construction of hedges. as far…
Rupee Today: Rupee hits all-time low, breaks 78/$1 level for the first time
[ad_1] New Delhi: The rupee has come down to the lowest level ever against the rupee. U.S. Dollar A higher-than-expected inflation reading in the world’s largest economy on Monday fueled speculation of an aggressive rate hike by the Federal Reserve, prompting global strength in the greenback. The partially convertible rupee weakened from the 78/$1 mark for the first time and was trading at 78.2130/$1 for the last time. On Friday, the Indian currency closed at 77.8325/$1. Data released after Indian trading hours on Friday showed US consumer price inflation hit…
Mahindra & Mahindra: Stock Radar: M&M rallies 40% in 3 months; May cross Rs 1,200 level
[ad_1] Mahindra & Mahindra (M&M), part of the S&P BSE Sensex index, has risen over 40 per cent in the last 3 months while Nifty 50 has seen a fall of over 2 per cent in the same period, but may not be on an upward trend. It’s over now. Even though the market sentiment seems to be on the downside, the automobile stock is doing well. The stock with a market capitalization of Rs 1.2 lakh crore hit a 52-week high of Rs 1057 on June 2, 2022. [ad_2]…
Industry confidence level improving: KV Kamath, ICICI Bank
[ad_1] ET Now talks with ICICI Bank Chairman KV Kamath for his expectations from the Narendra Modi government as well as the budget. Part: ET Now: Talking about the expectations from Narendra Modi, don’t you think that a man has a lot of hope and money behind him? Despite his good intentions, there are structural problems in the economy and even the prime minister doesn’t have a magic wand? KV Kamath: If you look back 10 years ago, the economy was approaching double digit growth despite all the structural problems.…
GST collection in May drops 16% from record level in April; Tax revenue collection crosses Rs 1.40 lakh crore
[ad_1] The Finance Ministry on Wednesday announced that the Gross GST (Goods and Services Tax) revenue for the month of May has crossed Rs 1.40 lakh crore, down 16.6 per cent as compared to April, when GST collections were at a record high. The total GST collection of the government in the month of April stood at Rs 1.68 lakh crore. The government said the total GST collection jumped 44 per cent year-on-year and crossed the Rs 1.40 lakh crore mark for the third consecutive month since March 2022. “Collection…