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There were over 160,000 investors that held Luna on the exchange on May 9 and by May 15 the number grew by 77% in India, according to Rajagopal Menon, vice president at Binance-owned WazirX. It’s unclear how many more investors held TerraUSD.

How to book timely profits using disparity ratio

Updated at : 2022-06-06 20:35:03

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The methodology that we would discuss is not a random one; it is based upon statistics and hence, it would help you take decisions wisely.So, if you are eager to know about that crystal ball that will help you to book timely profits then, let me tell you, that’s the disparity index (or disparity ratio).

"Multiplex industry being a highly sensitive sector, the possibilities of such reactions are inevitable. The recent rally was in anticipation of better business outlook on the back of subsiding Covid cases. However, the current spike in cases and reinstatement of restrictions forced investors to rethink the pace of such recovery.

SBI Card to raise Rs 2,500 cr via NCDs

Updated at : 2022-06-06 19:20:03

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The fund would be raised in one or more tranches, SBI Card said in a regulatory filing.

MSCI India is trading at an 87 per cent premium to MSCI EM, above its historical average of 61 per cent in P/E terms. Over the last 12 months, MSCI India, which has gained 7 per cent, has outperformed MSCI EM, which has dropped 22 per cent.

“Normally, a formation of such patterns after a reasonable up move or down moves calls for reversal on either side. But, having formed this pattern amidst a range movement, the predictive value could be less. Nifty has sustained above the cluster supports of around 16,400-16,450 levels as per change in polarity and daily 10 and 20 period EMA. As long as the area of 16,400 level is protected, there is a possibility of upside bounce in the market,” he added.

Becoming a good investor takes dedication, patience, curiosity and tremendous hard work. It requires building up a network of investors and industry contacts who can help you do the scuttlebutt. Just sitting and reading in a room with no computer screen sounds idyllic but is not the reality. At least not for people when they start off.

Sebi rejigs mutual fund advisory committee

Updated at : 2022-06-06 17:20:02

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The regulator has inducted Chairman of NJ India Invest Neeraj Choksi in the advisory committee. Other members include Independent Trustee at SBI Mutual Fund Sunil Gulati, and Independent Trustee at DSP Mutual Fund Dharmishta Narendraprasad Raval.

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Brokerage firm has a target price of Rs 283 in the base case, whereas a target price of Rs 323 in the bull case, signaling a potential upside of 11 per cent and 26 per cent, respectively, from its previous close of Rs 254.8.

The 30-share pack Sensex settled 93 points lower at 55,675.32. Its broader peer, Nifty50, slipped to 16,570 levels. Traders are on tenterhooks as the Reserve Bank began its three-day monetary policy meeting to deliberate another round of rate hikes.

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