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If you are looking for short term trading ideas to ride out uncertainty in the markets, here are four technical picks from analysts

Shares of Mazagon Dock Shipbuilders, a public sector defence company, have surged about 187% since the last Holi. Other notable names, where investors have enjoyed bumper returns include, Ujjivan Financial Services (145%), Varun Beverages (115%), Kirloskar Ferrous Industries (101%), among others.

Power Finance Corporation, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 40960.86 Crore) operating in Term Lending Institutions sector.

Gold eases on firmer dollar, rate-hike fears

Updated at : 2023-03-06 09:20:03

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Underlying inflation in the euro zone will stay high in the near term, so a 50 basis-point European Central Bank interest rate increase later this month is increasingly certain, ECB President Christine Lagarde told Spanish media group Vocento.

Industry revenue has roughly tripled from the $36 billion in 2018, according to the report. Gross margins from independent trading houses far outstripped others in the sector. For the first time, the consultancy’s analysis split out hedge fund numbers into their own section, having merged them with others beforehand.

RBI may use more forex reserves to support rupee

Updated at : 2023-03-06 07:20:04

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The Reserve Bank of India’s project to shore up foreign currency reserves would be hampered by as foreign portfolio investors offload their investments in the Indian capital markets in the hunt of better returns from US bonds, pushing the central bank to sell dollars to ease currency volatility, experts said.

RBI keeping close watch on top 20 conglomerates

Updated at : 2023-03-06 07:20:04

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The RBI, also the banking sector regulator, is closely monitoring profitability and other financial performance measures of these conglomerates and their companies besides parameters such as the quantum of debt raised from other sources like external commercial borrowings or bonds for any signs of stress.

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"It is very likely that we will raise interest rates by 50 basis points," Lagarde told El Correo when asked what would happen later this month. "This was a decision that was indicated at our last monetary policy meeting and all the numbers we have been seeing in recent days are confirming that this interest rate hike is very, very likely."

Nifty could rally towards 17,850: Analysts

Updated at : 2023-03-06 07:20:04

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​The Nifty supported a falling trend line extension near 17,300. After that, we witnessed a rally towards 17,600. For the time being, any fall towards 17,300 or lower levels can be used as buying opportunity. On the upside, 17,800 might be the initial hurdle, but 18,200 would be the trend decider after that. Only a move above that would confirm a bottom at the recent low.

The National Company Law Tribunal admitted the company under the corporate insolvency resolution process (CIRP) in May 2022 on a petition by chemicals maker SRF after it defaulted on dues of ₹15 crore.

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