DSIJ Mindshare

After China’s retaliation with $50 billion tariffs on 106 US products, US further aggravated the situation by imposing $100 billion worth of more tariffs on imports from China. This led to more volatility and slump in oil prices.

The bank which has been the talk of D-Street since the unveiling of Nirav Modi scam in January, gained as much as 5.3 per cent on Friday. The stock of PNB witnessed a kind of a Symmetric Triangle breakout on the daily time frame with volume spurt.

The total mutual fund assets base has surged over ~Rs. 22 trillion in 2017-18. This was mainly due to a vibrant secondary market, investor awareness campaigns like Mutual fund sahi hai and strong participation, especially from smaller town investors.

Nifty Auto Index is constantly rising with baby steps since March 23 from 10,560 and broke out of a small Channel pattern at 10,997 on April 02. The index broke its major resistance at 11,409 and is trailing above the said levels since April 5.

Adding another feather to its cap, packaging major Uflex introduced a customised formulation that renders barrier packaging for edible-oil re-processable on Friday. Following the development, the company’s share price surged by around one per cent on the bourses in Friday’s trade.