Nifty posted its third straight gain on Thursday, helped by buying in financial and energy stocks, although selling pressure in auto, IT and consumer loans capped the upside. The index maintained its position above the 50 EMA on the hourly chart.Commenting on the day’s trends, Rupak De, Senior Technical Analyst at LKP Securities said Nifty […]
Shares of Bharat Heavy Electricals (BHEL) and other capital goods names fell as much as 14% on Thursday after a media report said the finance ministry plans to scrap five-year-old restrictions on Chinese companies bidding for government contracts. Reuters reported, citing two sources, that the move could come as the government seeks to revive commercial […]