Indian markets trim early gains; RBI to continue monitoring emerging situation & deploy resources in command as necessary
Indian markets trim early gains; RBI to continue monitoring emerging situation & deploy resources in command as necessary

Indian markets trim early gains; RBI to continue monitoring emerging situation & deploy resources in command as necessary

Karan Dsij Article rating: 5.0

Nifty is moving in a downward channel and the leading indicator, RSI is in an upward channel. This divergence of price making a lower high and the RSI making a higher high is giving clear signs of suspicions. We have not seen this kind of negative divergence after March 2020.  

Markets plunge sharply in last half an hour; PNB sees long build-up
Markets plunge sharply in last half an hour; PNB sees long build-up

Markets plunge sharply in last half an hour; PNB sees long build-up

Karan Dsij Article rating: 4.5

A long build-up was seen in Nifty PSU Banks with PNB climbing 7.7 per cent with an open interest addition of 13.90 per cent. Bank of Baroda also witnessed an addition of 7.60 per cent in the open interest with a price rise of 5.44 per cent. Canara Bank has seen the addition of 1.99 per cent while SBI saw an addition of 1.55 per cent in the open interest.  

NFO analysis: Axis Healthcare ETF
NFO analysis: Axis Healthcare ETF

NFO analysis: Axis Healthcare ETF

Henil Shah Article rating: 3.6

Axis Mutual Fund on April 30, 2021, launched Axis Healthcare ETF, which is currently open for subscription. Read onto find out more about it.

Mphasis dips nearly 2 per cent despite announcing expansion plans in UK
Mphasis dips nearly 2 per cent despite announcing expansion plans in UK

Mphasis dips nearly 2 per cent despite announcing expansion plans in UK

Abhinav Lahoti Article rating: 5.0

An information technology (IT) solutions provider, Mphasis Limited, which specialises in cloud and cognitive services, is expanding its footprint in the UK with a special focus on customer-led digital transformation initiatives in banking & insurance. 

Five stocks witnessing long built-up
Five stocks witnessing long built-up

Five stocks witnessing long built-up

Ganesh Pawar Article rating: 4.1

The market opened in green on May 04, 2021, overall volumes in futures & options currently stand at 3,33,77,374 contracts with a turnover of Rs. 30,48,844.96 crore.

Five stocks witnessing short built-up
Five stocks witnessing short built-up

Five stocks witnessing short built-up

Ganesh Pawar Article rating: 4.2

The market opened in green on May 04, 2021, overall volumes in futures & options currently stand at 3,33,77,374 contracts with a turnover of Rs. 30,48,844.96 crore.

JSW Steel USA signs pact with Allegheny Technologies to deliver HRC products
JSW Steel USA signs pact with Allegheny Technologies to deliver HRC products

JSW Steel USA signs pact with Allegheny Technologies to deliver HRC products

Shruti Dahiwal Article rating: 5.0

JSW Steel USA Ohio Inc, a subsidiary of JSW Steel Ltd, announced this morning that it has signed a long-term agreement with Allegheny Technologies Inc. (ATI) for the conversion of carbon steel slabs manufactured at JSW Steel USA’s facility in Mingo Junction (Ohio) into hot rolled coils (HRC) at ATI’s hot rolling and processing facility (HRPF) in Brackenridge (Pennsylvania).  

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