 "The Nifty Index shows signs of bearishness and potential pullback after a strong rally, urging traders to book profits and wait.")
The Nifty Index is showing signs of a potential shift, forming its first red candle on the daily charts, indicating bearishness and profit booking after a strong rally. Traders are advised to secure profits at current levels and consider re-entering long positions when the index pulls back to support levels at 25,920, 25,700, and 25,350. ...
 "Iron ore and manganese production surged amid strong demand, reflecting robust economic growth in key sectors like steel and infrastructure.")
India’s iron ore and manganese ore production saw impressive growth from April to August 2024. The output of iron ore increased by 7.4% to 116 million tonnes, compared to 108 million tonnes in the same period last year. Manganese ore production also jumped by 15.4% to 1.5 million tonnes, up from 1.3 million tonnes. Iron ...
 "Syrma SGS Technology’s share price surged 7.3% after receiving a strong ‘IND A1+’ rating, signaling robust financial health and growth potential.")
Syrma SGS Technology’s share price saw a significant increase, rising 3.77% to Rs 456.85 on the BSE. Earlier in the day, it even hit an intraday high of Rs 472.5 after receiving an ‘IND A1+’ rating from India Ratings and Research for its Rs 110 crore Commercial Paper Program. This rating signifies strong safety for ...
 "Shaktikanta Das emphasizes resilience through strong fundamentals to combat global uncertainties and enhance emerging markets’ stability.")
Shaktikanta Das, the Governor of the Reserve Bank of India, emphasized the importance of strengthening fundamental economic practices to navigate global uncertainties. Speaking at the Himalaya Shumsher Memorial, he highlighted that a strong commitment to inflation targets, maintaining reserve buffers, and implementing prudent financial policies are essential for the resilience of emerging Market economies (EMEs). ...
 "Tensions escalate as China intensifies military maneuvers around Taiwan, crossing territorial lines and provoking a strong defensive response.")
Since September 2020, China has increased military activities near Taiwan, using gray zone tactics that do not involve overt military conflict. Recently, Taiwan’s Ministry of National Defence reported detecting six Chinese military aircraft and six naval vessels around the island within a 24-hour period. Three of these aircraft crossed the median line of the Taiwan ...
 "After ankle surgery, Mohammed Shami vows to regain full fitness before returning to cricket, eyeing a strong comeback for India.")
Indian pacer Mohammed Shami is focused on achieving complete fitness after undergoing ankle surgery. He emphasized the importance of not rushing his comeback to ensure he avoids further injuries. Shami, who last played in the 2023 ODI World Cup final, plans to participate in domestic cricket to test his readiness before returning to the international ...
 "RITES Ltd, now a prestigious Navratna, reports strong growth with record revenue and robust dividends, emphasizing future-ready strategies.")
RITES Ltd, a prominent infrastructure and consultancy firm under the Railway Ministry, recently held its 50th Annual General Meeting where Chairman Rahul Mithal shared the company’s progress. In FY24, RITES recorded a consolidated revenue of Rs 2,539 crore, slightly down from Rs 2,730 crore in FY23. The company achieved its highest-ever consultancy revenue of Rs ...
 "India’s hiring optimism soars to 37%, leading globally, driven by strong sectors and robust economic growth amidst talent demand.")
The employment outlook in India for the fourth quarter of 2024 is highly optimistic, with 37 percent of employers planning to hire more staff. This figure, reported in the ManpowerGroup Employment Outlook Survey, positions India as having the strongest hiring sentiment globally, surpassing countries like Costa Rica and the United States. The survey reflects a ...
 "Canara Bank Secures 0 Million with 5-Year Bonds Amid Strong Investor Confidence")
Canara Bank has successfully raised $300 million through its IFSC Banking Unit, as announced on September 4, 2024. The funds will be utilized for general corporate purposes and come from bonds maturing in five years, featuring a coupon rate of 4.896% paid semi-annually. The bank’s Managing Director and CEO, K Satyanarayana Raju, expressed satisfaction with ...
Bitcoin whales, or large-scale investors, are holding onto their BTC, indicating strong confidence in the cryptocurrency. Recent analysis from TradingView shows robust support for Bitcoin above the $60,000 mark. This trend suggests that Bitcoin’s price may remain stable, reflecting positive sentiment among major investors. Stay updated to see how this could impact the broader crypto ...
