![]() ![]() ![]() M&M: As per reports, the automaker is likely to sell 4.6% stake in automotive component supplier Mahindra CIE Automotive at a floor price of ₹355 per share through a block deal. The deadline has been extended till September 9, 2024. ICICI Bank: RBI has granted approval of extending the deadline to divest its shareholding in ICICI Lombard General Insurance to less than 30%. Reliance Industries: Media reports suggest that Reliance Industries’ $3 billion loan is in the final stages of completion, in a consortium consisting of three dozen banks. Also, promoters have prepaid a $500 million facility availed for financing the acquisition of Ambuja Cements. Usually, a test of a trendline breakout with less velocity indicates the strength of bulls and prepares a platform for a confident upside move ahead. ![]() Nazara Technologies: The gaming platform reported that two of its subsidiaries have deposits worth ₹64 crore at the collapsed Silicon Valley Bank.Īdani Group: The Gautam Adani led group said it has completed full prepayment of margin-linked share backed financing aggregating to $2.15 billion, before the committed timeline of March 31, 2023. IT was flat, while metals and financial services sectors were in the green. Most of the sectoral indices were in the red on Monday morning, with media, banks, auto and pharma sectors declining the most. In the week ended on Friday, March 10, bears wiped out the gains of the preceding two weeks – Sensex closed 0.52% lower, while Nifty50 fell 0.31%. IT services company Tech Mahindra emerged as the top gainer in the Nifty50 pack on the appointment of Mohit Joshi as its new MD and CEO. India VIX, which measures the volatility in the markets, rose sharply by over 13% on Monday. All but one sectoral indices were in the red, with bank, auto, realty and FMCG stocks falling the most.īoth the benchmark indices were down 1.2% midway on Monday – Sensex fell 705 points to 58,345, Nifty50 declined 200 points to 17,218. Bullish macd - To avoid low quality stocks, avoid limited liquidity, Low p/bv < 1.5, low pe < 10, ttm eps > prev yr eps - Sma 20 cross over - Ema 8 crossed above sma 200 - Ema 8 cross over sma 200 - Nifty 50 above 10 v pattern - Stocks near sma 200 by 0.5 - Stocks near sma 200 by 0.India’s benchmark indices Sensex and Nifty50 tumbled in the second half of trading on Monday amid a sharp surge in volatility due to concerns of a fallout from the run on Silicon Valley Bank (SVB). ![]()
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