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Sensex, Nifty end at record closing highs for 2nd straight session; Nifty to hit 16,000 soon

After a volatile session index closed a day at 15809 with minimal gains and formed a hanging man sort of candle pattern on the daily chart, said an analyst. Image: Reuters A brisk buying in index heavyweights such as Reliance Industries Ltd (RIL), Infosys, Bajaj Finance, lifted Sensex 615 points from day’s low on Monday. …

BHEL share price tumbles 20% on weak Q4 results; stock may fall another 55%, say analysts

BHEL reported weak results on execution, gross margin and working capital. Bharat Heavy Electricals Ltd (BHEL) share price tumbled as much as 18 per cent to Rs 62.55 apiece in intraday on BSE, after the company reported lower-than-expected Jan-Mar quarter results. At NSE, the stock plummeted 20 per cent. BHEL’s consolidated net loss narrowed to …

Gold, silver under pressure as dollar strengthens; expect bullion prices to trade sideways this week

At MCX, Gold August prices have near term resistance at Rs 49,700 per 10 grams and support at Rs 48,200 per 10 gram. (Image: REUTERS) By Tapan Patel Commodity prices traded mixed with most of the commodities in the Non-Agro segment traded firm except gold. Crude oil prices extended rally on strong fuel demand recovery …

Bitcoin’s Taproot upgrade gets approval from crypto miners; to improve transaction privacy, efficiency

Taproot intends to change the way in which the scripts operate in Bitcoin for making the blockchain’s privacy, scalability and security better. (Representative image) Bitcoin’s latest upgrade – four years after the “last civil war” upgrade – known as Taproot has now been approved by the crypto miners across the world and is set to …


Krishna Institute of Medical Sciences’ Rs 2,144-cr IPO opens June 16; price band fixed at Rs 815-825 apiece

Krishna Institute of Medical Sciences IPO comprises fresh issue of equity shares worth up to Rs 200 crore and offer-for-sale (OFS) of 2.35 crore shares Krishna Institute of Medical Sciences’ Rs 2,143.74-crore initial public offering (IPO) will open for subscription next week on June 16, 2021 in the price band of Rs 815-825 per share. …

Franklin Templeton tries to calm investor fears: SEBI order not to hit other schemes, will move SAT

Franklin Templeton has said it disagrees with the findings in the Sebi’s order and has decided to file an appeal in Securities Appellate Tribunal (SAT). Franklin Templeton AMC has clarified that the recent ban by capital markets regulator SEBI prohibiting it from launching new debt funds will not impact its other existing schemes. Earlier this …


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